Mongraal Puts Golden Key NFT on OpenSea for $3.7M, but Receives Low Quotation
It is reported that Mongraal, the winner of the BAYC game Dookey Dash, has put its Golden Key NFT on the OpenSea at 2222ETH (about US $3.7 million). The highes…
It is reported that Mongraal, the winner of the BAYC game Dookey Dash, has put its Golden Key NFT on the OpenSea at 2222ETH (about US $3.7 million). The highest quotation on OpenSea is currently 10% of the recommended price, namely 222ETH.
The winner of the BAYC game Dookey Dash put his NFT on the OpenSea at the price of 2222ETH
Analysis based on this information:
Mongraal, the winner of the Bored Ape Yacht Club (BAYC) game Dookey Dash, placed his Golden Key NFT up for sale on OpenSea for around US$3.7 million, but the highest quotation the NFT has received so far is just 10% of the recommended price, namely 222ETH. This surprising disparity in pricing has left many wondering what caused it.
The Golden Key NFT is an extremely rare and valuable digital asset that is essentially a key to unlock many other assets within the BAYC metaverse. It grants the owner access to several special features, privileges, and benefits that are not available to regular BAYC members. Furthermore, the NFT has incredible historical significance as it was the first NFT ever created in the BAYC ecosystem, making it a highly sought-after item among collectors and enthusiasts.
Despite its value and popularity, the Golden Key NFT’s high price of 2222ETH, valued at US$3.7 million, has been met with skepticism by the market. The highest quotation, 222ETH, seems to be a reasonable price that falls within the ball park of what Mongraal could expect. Nevertheless, it is still far short of the asking price and could potentially lead to questions about the market saturation for NFTs.
It’s possible that the market simply does not consider the Golden Key NFT to be worth the high asking price, or perhaps the current economic climate has impacted the financial capacity of prospective buyers. The fact remains that the difference between the asking price and the highest quotation is striking, possibly because the market cannot deny the value of the Golden Key NFT, but is nonetheless not ready to fully embrace the high price point.
In conclusion, the Golden Key NFT’s listing on OpenSea has generated significant interest, but it remains to be seen whether it will sell for the asking price or if the market will continue to undervalue it. NFT collectors and enthusiasts will be keeping a close eye on this situation in the coming weeks, especially since it could have far-reaching implications for the NFT market as a whole.
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