What Is an NFT Floor Price?

Data from Nansen’s NFT Paradise analytics tool helps to illustrate this. Tamadoge Common, an NFT project that was released in October 2022, had a floor price of 200 ETH (about $311,500) on Oct. 24, 2022. That price meant that the owners of the NFTs weren’t willing to part with their NFTs for less than 200 ETH. At the time, the trading volume was just 12 ETH, suggesting that no buyer was willing to match the floor price. As of December 2022, the collection has done about 22 ETH (about $26,350) in total sales volume, according to OpenSea, and the floor price is hovering at around 0.2 ETH (about $240).