Leaderboard 728×90
Leaderboard 728×90

Read NFT floor prices – CoinYuppie: Bitcoin, Ethereum, Metaverse, NFT, DAO, DeFi, Dogecoin, Crypto News

Simply put, the NFT floor price is the lowest price in an NFT collection.

This article will share the following with you:

The purpose of the NFT floor price.
The basic calculation method of NFT floor price.
Other factors that set the NFT floor price.
Advanced calculation method of NFT floor price.
How standardized NFT floor prices can bring DeFi and NFTs closer together.

Definition of NFT floor price

In general, NFT floor prices provide market participants with insight into the fair market value of NFT items at the collectible-level level. NFT buyers can refer to the NFT floor price to focus on the process of analyzing and making purchase decisions, eliminating the interference of internal factors of the collection, such as rarity and other attributes.

The easiest way to calculate the NFT floor price is to refer to the lowest NFT price in the collection. For example, on Opensea, the floor price of the Bored Ape Yacht Club (BAYC) series NFT is 72.69ETH, which is the lowest price that BAYC NFT has listed on the market.

Screenshot from September 2022, 9.

How to calculate NFT floor price

There are currently many ways to calculate the NFT floor price. The most straightforward way is to take the lowest price in a series as the floor price, as mentioned above.

For example, if the lowest price in an NFT collection is $20, the actual floor price is $20. If someone buys the NFT, the second-lowest priced NFT (assuming a price of $30) becomes the new floor price, so the floor price rises to $30. If someone hangs out an NFT under $20, the floor price drops to the price of that NFT.

Expand on the underlying NFT floor price pricing mechanism

The lowest price in a series of NFTs is the floor price of the collection, which at first glance seems like a very simple and effective way to measure. However, there are a range of other factors to consider in the actual measurement of NFT floor prices.

Market differentiation

Usually the floor price of each NFT platform varies depending on the specific NFT listed on the platform. For example, in the…

..

Read More

About The Author

Related posts