The term floor price is commonly used in the Non-Fungible Token (NFT) ecosystem. It refers to the lowest price at which a person can purchase an NFT from a particular collection on the secondary market. NFT floor price is a very popular metric to track the popularity and health of an NFT project and is often used to compare a project’s performance over time or in comparison to other NFT projects.
NFT Term
Floor Price
Definition of Floor Price from the NFTguild.com glossary.
