Floor price

Author

@DeFinci_ (lgcv#1833)

Definition

At its core, an NFT floor price is the lowest NFT price in a collection.

NFT floor pricing lets market players determine the fair market value of an NFT collection. This supports an NFT buyer's decision-making and analysis by removing in-collection elements like rarity and qualities. The more popular an NFT project is, the higher its floor price. A rapid drop in a project's floor price may indicate it's losing steam.

References

1. https://blog.chain.link/what-is-an-nft-floor-price/

2. https://thedefiant.io/what-is-sweep-the-floor