What is Floor Price?
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Let's find out Floor Price meaning, definition in crypto, what is Floor Price, and all other detailed facts.
While floor price (also known as price floor) is a term that is used in many contexts to signify the minimum price of a service or an asset, you might have seen it used in the context of NFTs as well. In this case, the meaning doesn't really differ, apart from the fact that the floor price refers to the lowest-priced NFT in a collection.
By eliminating in-collection factors like rarity, qualities, and more, the NFT floor price narrows the buyer's focus on the fair market value of the NFT project in question.