NFTs News

“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.

Join CoinCu Telegram to keep track of news: https://t.me/coincunews

Follow CoinCu Youtube Channel | Follow CoinCu Facebook page

Hazel

CoinCu News

Victor

Recent Posts

Will Bitcoin Crash or Soar Past $105K in 2024?

Will Bitcoin Crash?" seems to be one of the most controversial questions, as the price…

56 minutes ago

The Best Crypto for Passive Income? 10% Weekly Gains and 20% Final Surge—Qubetics Mirrors Cosmos’ Early Success!

There’s always that one coin people wish they hadn’t overlooked. For many, Cosmos ($ATOM) is…

1 hour ago

Cosmos Developer Interchain Foundation Sold 3000 ETH Today

Cosmos Developer Interchain Foundation sold 3000 ETH from its ICO today, totaling 21,600 ETH sold…

2 hours ago

Zircuit Launches ZRC Token: Pioneering the Next Era of Decentralized Finance

George Town, Grand Cayman, 22nd November 2024, Chainwire

3 hours ago

Inflation Warning By Vanguard Amid Tariffs And Labor Issues

Inflation Warning by Vanguard highlights risks during Trump’s term, citing tariffs and tighter labor markets…

3 hours ago

Clanker Token Trading Volume Hits $59.8 Million High On November 21

Clanker token trading volume hit $59.8M on Nov 21, accounting for 14.75% of PumpFun. Fee…

3 hours ago

This website uses cookies.