• The Stoics by Gabe Weis is a collection of non-fungible tokens (NFTs) built on the Ethereum network launched in September 2022.
• As of now, there are 1454 owners and 4673 collections sales made with an average price of 0.32 ETH (~$514.72).
• It is difficult to determine whether NFTs from the The Stoics by Gabe Weis collection are overpriced or underpriced.
Introduction to The Stoics by Gabe Weis
The Stoics by Gabe Weis is a non-fungible tokens (NFTs) collection built on the Ethereum network launched in 8 September, 2022. 5,000 items of the The Stoics by Gabe Weis collection can now be viewed at OpenSea.
Number of Owners and Sales
The total number of owners has reached 1454 within 170 days since its release. Meanwhile, 4,673 collections sales were made at an average price of 0.32 ETH (~$514.72 at the time of writing). This created a total volume in 1,505.836 ETH with a market capitalization of 1,604.98 ETH as well as payment tokens such as ETH, WETH and APE which have floor price set to 0.0871 and 30-day trading volume set to 26.09 ETH respectively
Explanation for Price Difference between NFT
NFTs are very new to the blockchain ecosystem and are still in their infancy so there is no historical data or precedence that can assist in determining the value of an NFT which makes some NFTs expensive and others not so much expensive due to first-mover advantage established by those projects that started early during boom period as well as opportunity given for those projects to improve themselves over time along with exploitation done by opportunists who takes advantages from market growth alone without any intention for actual value addition into their project itself thereby creating garbage type NFTs
Is The Stoics By Gabe Weis Overpriced or Underpriced?
It is difficult to determine whether NFTs from the The Stoics By Gabe Weis collection is overpriced or underpriced since it depends largely upon how it was developed & promoted along with active development going on within metaverses market hence making such assessment unclear for now but will become more visible when these markets develop further
Examples From The Collection
Examples from this collection include: #0; #1; #2 & #3 all available at OpenSea marketplace with different prices depending upon demand & supply