NFTs, DAOs & Web3

What is NFT floor price?

An NFT floor price is the lowest price at which any item in a given collection is currently listed for sale on a marketplace. It serves as a quick reference point for the cheapest entry into that collection rather than a measure of any single item's value. For example, if the lowest-listed NFT in a collection is priced at 2 ETH, the floor price is 2 ETH. Floor prices shift constantly as listings change and can be influenced by a small number of low offers, so they are a rough signal.