What is floor price?

Floor Price refers to the cheapest NFT in a collection. Buyers and sellers make up a market, and they decide the floor price.

Thus, the floor price is the lowest price an NFT sell for.

It’s important to remember the floor price is different from the mint price. The mint price refers to price the NFTs were at release. The creators of the NFT collection sets the mint price.

Updated

Was this article helpful?

/