Metapedia - [ 3MetaDictionary ]
August 16, 2022

NFT terms you need to know: Floor Price

Floor Price, refers to the lowest price of a series of NFTs in the trading market, instead of the average price of the series, and thus, price varies according to time. For example, the higher the floor price, the higher the value of the entire NFT series will be. In other words, some investors might choose to buy the NFT at the floor price and wait until the NFT price rises, in order to gain profit from it.
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