“Loyalty In The NFT Space Is Based On The Collection’s Floor Price,” an NFT Creator Says

“Loyalty In The NFT Space Is Based On The Collection’s Floor Price”

Ameer Hussain, Founder and Creative Director of DarkEchelon NFT collection, has revealed his thought about the ‘loyalty’ in the fast-growing NFT market. Despite the fact that this is only the NFT creator’s own perspective, many people agree with it.

“Loyalty In The NFT Space Is Based On The Collection’s Floor Price,” he stated, “tell me I’m wrong”.

Moreover, he added that it applies to about 95% of collections on the market. Indeed, we can see that majority of collections that are said to be renowned and have a strong community in the NFT market often have extremely high floor prices, such as Bored Ape Yacht Club with a current floor price of 112 ETH, which skyrocketed over 175% in the last 24 hours.

Moonbirds, an owl avatar collection that gained $290 million in secondary sales in only 4 days, also saw a dramatic increase in floor price. At the time of writing, the floor price of the owl collection reaches 17.77 ETH. Hodler benefits will include privileged access to future drops, a membership club, merchandise, and early access to a planned Metaverse platform called “Project Highrise,” according to the project’s roadmap.

The PROOF Collective, which is working on various initiatives and also serves as an exclusive social club for the 1,000 PROOF Collective NFT holders, established the Moonbirds collection. At the time of writing, the collector membership passes had a floor price of 90 ETH.

DISCLAIMER: The Information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing.

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