Top NFT Collection Prices Ranked by Market Cap
# | NFT | Floor Price | 24h | 7d | 30d | Last 7 Days | Market Cap | 24h Volume | 24h Sales | |||
---|---|---|---|---|---|---|---|---|---|---|---|---|
1 |
CryptoPunks
Ethereum
|
Buy
|
40.00 ETH
$135,353
|
1.0% | 8.1% | 0.8% |
$1,352,721,361
399,760 ETH
|
320.59 ETH
$1,084,823
|
6 | |||
2 |
Pudgy Penguins
Ethereum
|
Buy
|
23.90 ETH
$80,867
|
1.0% | 9.4% | 27.5% |
$718,741,685
212,405 ETH
|
1,284 ETH
$4,346,454
|
52 | |||
3 |
Bored Ape Yacht Club
Ethereum
|
Buy
|
15.35 ETH
$51,938
|
6.6% | 3.0% | 17.9% |
$519,280,758
153,459 ETH
|
200.98 ETH
$680,075
|
13 | |||
4 |
Infinex Patrons
Ethereum
|
1.50 ETH
$5,072.37
|
1.3% | 0.1% | 0.6% |
$507,236,672
149,900 ETH
|
16.65 ETH
$56,330
|
11 | ||||
5 |
Azuki
Ethereum
|
Buy
|
12.81 ETH
$43,360
|
4.3% | 2.6% | 20.0% |
$433,604,451
128,140 ETH
|
1,082 ETH
$3,659,748
|
84 | |||
6 |
Lil Pudgys
Ethereum
|
2.59 ETH
$8,780.71
|
5.5% | 3.9% | 30.2% |
$192,157,037
56,787 ETH
|
226.28 ETH
$765,703
|
88 | ||||
7 |
Doodles
Ethereum
|
Buy
|
5.21 ETH
$17,612.85
|
8.4% | 11.9% | 12.2% |
$176,093,318
52,040 ETH
|
143.16 ETH
$484,426
|
29 | |||
8 |
Autoglyphs
Ethereum
|
99.50 ETH
$336,691
|
0.0% | 0.0% | 0.0% |
$172,386,024
50,944 ETH
|
0 ETH
$0.00
|
0 | ||||
9 |
Mutant Ape Yacht Club
Ethereum
|
Buy
|
2.49 ETH
$8,418.61
|
0.0% | 11.4% | 25.7% |
$164,491,143
48,611 ETH
|
248.88 ETH
$842,163
|
99 | |||
10 |
Chromie Squiggle by Snowfro
Ethereum
|
4.80 ETH
$16,242.40
|
0.0% | 2.0% | 11.1% |
$162,424,018
48,000 ETH
|
0 ETH
$0.00
|
0 | ||||
11 |
Fidenza by Tyler Hobbs
Ethereum
|
44.44 ETH
$150,378
|
0.0% | 0.1% | 8.2% |
$150,227,192
44,396 ETH
|
0 ETH
$0.00
|
0 | ||||
12 |
Mad Lads
Solana
|
72.00 SOL
$14,610.75
|
2.6% | 7.7% | 20.0% |
$145,610,703
717,552 SOL
|
223.28 SOL
$45,310
|
3 | ||||
13 |
Milady Maker
Ethereum
|
Buy
|
3.96 ETH
$13,396.60
|
3.6% | 3.9% | 30.4% |
$133,671,244
39,503 ETH
|
119.15 ETH
$403,194
|
30 | |||
14 |
Quantum Cats
Bitcoin
|
0.33 BTC
$32,920
|
0.0% | 1.8% | 59.5% |
$109,721,199
1,100 BTC
|
2.32 BTC
$231,535
|
7 | ||||
15 |
NodeMonkes
Bitcoin
|
0.10 BTC
$10,164.19
|
4.7% | 4.7% | 25.6% |
$101,641,918
1,019 BTC
|
1.30 BTC
$129,573
|
12 | ||||
16 |
Bitcoin Puppets
Bitcoin
|
0.10 BTC
$10,144.24
|
4.5% | 13.4% | 34.1% |
$101,452,549
1,017 BTC
|
1.56 BTC
$155,399
|
15 | ||||
17 |
Creepz by OVERLORD
Ethereum
|
2.79 ETH
$9,434.13
|
2.2% | 21.2% | 0.1% |
$98,501,734
29,110 ETH
|
17.76 ETH
$60,109
|
6 | ||||
18 |
Mocaverse
Ethereum
|
3.03 ETH
$10,250.93
|
8.7% | 3.8% | 33.6% |
$91,110,254
26,925 ETH
|
25.49 ETH
$86,253
|
9 | ||||
19 |
Azuki Elementals
Ethereum
|
1.59 ETH
$5,367.44
|
1.4% | 2.4% | 19.3% |
$90,693,583
26,802 ETH
|
440.29 ETH
$1,489,867
|
237 | ||||
20 |
Ordinal Maxi Biz (OMB)
Bitcoin
|
0.15 BTC
$15,457.27
|
2.2% | 5.2% | 3.3% |
$81,042,481
812.40 BTC
|
0.77 BTC
$76,399
|
5 | ||||
21 |
Captainz
Ethereum
|
2.09 ETH
$7,072.01
|
2.2% | 7.7% | 21.4% |
$70,713,022
20,897 ETH
|
25.51 ETH
$86,322
|
12 | ||||
22 |
Runestone
Bitcoin
|
0.005 BTC
$487.81
|
0.2% | 9.8% | 30.1% |
$54,829,775
549.64 BTC
|
0.47 BTC
$47,225
|
100 | ||||
23 |
Bit Bears by Berachain
Ethereum
|
6.90 ETH
$23,348
|
3.6% | 21.1% | 32.7% |
$53,421,259
15,787 ETH
|
68.63 ETH
$232,236
|
10 | ||||
24 |
BEANZ Official
Ethereum
|
0.78 ETH
$2,625.85
|
1.0% | 2.1% | 19.6% |
$52,385,793
15,481 ETH
|
182.74 ETH
$618,376
|
232 | ||||
25 |
The Sandbox LANDS
Ethereum
|
0.084 ETH
$284.24
|
2.8% | 1.2% | 31.0% |
$47,187,588
13,945 ETH
|
3.84 ETH
$12,984.97
|
43 | ||||
26 |
Baby Bears
Ethereum
|
23.50 ETH
$79,520
|
20.0% | 35.1% | 61.3% |
$45,326,452
13,395 ETH
|
78.89 ETH
$266,944
|
4 | ||||
27 |
Band Bears
Ethereum
|
11.49 ETH
$38,880
|
4.5% | 9.5% | 37.6% |
$45,256,610
13,374 ETH
|
21.99 ETH
$74,411
|
2 | ||||
28 |
VeeFriends
Ethereum
|
1.29 ETH
$4,365.14
|
0.8% | 16.8% | 16.8% |
$44,764,463
13,229 ETH
|
7.66 ETH
$25,913
|
5 | ||||
29 |
OnChainMonkey (OCM) Genesis
Bitcoin
|
0.044 BTC
$4,378.41
|
2.9% | 33.4% | 109.8% |
$43,784,054
438.91 BTC
|
0.21 BTC
$20,500
|
5 | ||||
30 |
Azuki Elemental Beans
Ethereum
|
2.35 ETH
$7,945.24
|
0.9% | 0.5% | 31.2% |
$42,800,996
12,649 ETH
|
63.30 ETH
$214,208
|
20 | ||||
31 |
Honey Comb
Ethereum
|
0.73 ETH
$2,469.52
|
2.1% | 3.3% | 29.1% |
$40,549,549
11,983 ETH
|
17.03 ETH
$57,631
|
24 | ||||
32 |
Sappy Seals
Ethereum
|
1.20 ETH
$4,053.83
|
6.5% | 11.6% | 17.5% |
$40,526,166
11,976 ETH
|
40.25 ETH
$136,189
|
37 | ||||
33 |
Claynosaurz
Solana
|
19.50 SOL
$3,956.85
|
0.5% | 2.5% | 13.0% |
$39,568,540
194,989 SOL
|
44.22 SOL
$8,972.66
|
2 | ||||
34 |
Boo Bears
Ethereum
|
42.00 ETH
$142,121
|
16.7% | 13.5% | 44.8% |
$38,514,795
11,382 ETH
|
73.00 ETH
$247,020
|
2 | ||||
35 |
Kaito Genesis
Ethereum
|
7.13 ETH
$24,127
|
1.7% | 69.4% | 119.4% |
$36,190,096
10,695 ETH
|
34.07 ETH
$115,281
|
5 | ||||
36 |
Meebits
Ethereum
|
Buy
|
0.50 ETH
$1,688.53
|
0.2% | 0.4% | 27.1% |
$33,768,972
9,980 ETH
|
8.88 ETH
$30,042
|
16 | |||
37 |
Otherdeed for Otherside
Ethereum
|
Buy
|
0.21 ETH
$710.23
|
11.6% | 18.8% | 7.8% |
$33,537,906
9,911 ETH
|
8.30 ETH
$28,077
|
24 | |||
38 |
Parallel Avatars
Ethereum
|
0.89 ETH
$3,011.61
|
0.0% | 3.3% | 29.7% |
$33,130,744
9,791 ETH
|
5.21 ETH
$17,646.35
|
6 | ||||
39 |
Neo Tokyo Citizen V2
Ethereum
|
4.80 ETH
$16,242.40
|
2.3% | 14.3% | 33.8% |
$32,695,955
9,662 ETH
|
5.25 ETH
$17,765.03
|
1 | ||||
40 |
Redacted Remilio Babies
Ethereum
|
0.91 ETH
$3,079.25
|
7.2% | 1.1% | 37.6% |
$30,786,390
9,098 ETH
|
32.12 ETH
$108,692
|
28 | ||||
41 |
Pudgy Rods
Ethereum
|
1.07 ETH
$3,620.03
|
1.9% | 12.2% | 41.9% |
$26,770,087
7,911 ETH
|
30.70 ETH
$103,897
|
27 | ||||
42 |
Jirasan
Ethereum
|
0.87 ETH
$2,927.02
|
3.8% | 3.4% | 47.9% |
$26,627,066
7,869 ETH
|
26.24 ETH
$88,787
|
31 | ||||
43 |
Solana Monkey Business
Solana
|
Buy
|
25.79 SOL
$5,233.49
|
0.8% | 20.7% | 35.4% |
$26,130,807
128,769 SOL
|
263.84 SOL
$53,540
|
10 | |||
44 |
DeGods
Ethereum
|
Buy
|
0.85 ETH
$2,876.26
|
3.8% | 0.1% | 26.7% |
$25,857,565
7,641 ETH
|
2.55 ETH
$8,625.39
|
3 | |||
45 |
Otherdeed Expanded
Ethereum
|
0.14 ETH
$466.63
|
1.4% | 14.3% | 3.6% |
$25,765,479
7,614 ETH
|
3.35 ETH
$11,343.43
|
17 | ||||
46 |
CryptoDickbutts
Ethereum
|
1.41 ETH
$4,781.36
|
19.2% | 27.3% | 110.9% |
$24,853,494
7,345 ETH
|
17.49 ETH
$59,170
|
13 | ||||
47 |
Pirate Nation - Founder's Pirates
Ethereum
|
0.73 ETH
$2,464.19
|
8.9% | 20.2% | 21.4% |
$24,639,425
7,282 ETH
|
2.07 ETH
$7,004.50
|
3 | ||||
48 |
Winds of Yawanawa by Yawanawa and Refik Anadol
Ethereum
|
7.14 ETH
$24,161
|
0.7% | 14.0% | 20.6% |
$24,160,573
7,140 ETH
|
7.00 ETH
$23,687
|
1 | ||||
49 |
GGSG: Galactic Geckos
Solana
|
11.70 SOL
$2,373.43
|
2.2% | 1.2% | 14.0% |
$23,734,347
116,960 SOL
|
122.15 SOL
$24,788
|
10 | ||||
50 |
Cool Cats
Ethereum
|
0.70 ETH
$2,364.61
|
3.1% | 14.8% | 49.5% |
$23,570,393
6,966 ETH
|
10.47 ETH
$35,423
|
15 | ||||
51 |
The Potatoz
Ethereum
|
0.69 ETH
$2,351.43
|
2.7% | 9.6% | 25.3% |
$23,511,909
6,948 ETH
|
5.47 ETH
$18,493.16
|
8 | ||||
52 |
Decentraland
Ethereum
|
0.070 ETH
$236.53
|
6.1% | 16.9% | 3.3% |
$23,284,484
6,881 ETH
|
2.12 ETH
$7,165.78
|
10 | ||||
53 |
onchain gaias
Base
|
1.24 ETH
$4,185.80
|
5.5% | 12.6% | 43.9% |
$23,256,299
6,873 ETH
|
17.60 ETH
$59,539
|
9 | ||||
54 |
Bitcoin Frogs
Bitcoin
|
0.023 BTC
$2,304.38
|
1.7% | 3.8% | 27.6% |
$23,043,756
231.00 BTC
|
0.11 BTC
$11,159.57
|
5 | ||||
55 |
Terraforms by Mathcastles
Ethereum
|
Buy
|
0.65 ETH
$2,199.39
|
0.0% | 6.7% | 30.1% |
$21,798,125
6,442 ETH
|
1.22 ETH
$4,128.28
|
2 | |||
56 |
World of Women
Ethereum
|
0.62 ETH
$2,101.33
|
0.2% | 2.1% | 6.8% |
$21,013,269
6,210 ETH
|
4.35 ETH
$14,736.51
|
7 | ||||
57 |
Kanpai Pandas
Ethereum
|
0.77 ETH
$2,603.42
|
2.8% | 1.4% | 33.7% |
$20,892,447
6,174 ETH
|
3.74 ETH
$12,672.45
|
5 | ||||
58 |
Moonbirds
Ethereum
|
Buy
|
0.60 ETH
$2,026.80
|
0.0% | 3.0% | 25.1% |
$20,268,013
5,990 ETH
|
3.65 ETH
$12,338.71
|
6 | |||
59 |
Bored Ape Kennel Club
Ethereum
|
0.62 ETH
$2,097.98
|
5.5% | 10.1% | 34.7% |
$20,144,774
5,953 ETH
|
12.47 ETH
$42,192
|
21 | ||||
60 |
MAX PAIN AND FRENS BY XCOPY
Ethereum
|
0.85 ETH
$2,876.26
|
0.6% | 1.6% | 10.4% |
$20,044,647
5,924 ETH
|
1.65 ETH
$5,566.41
|
2 | ||||
61 |
Synclub's SnBNB Early Adopters
BNB Smart Chain
|
1.00 BNB
$713.28
|
0.0% | 0.0% | 0.0% |
$18,091,702
25,364 BNB
|
2.75 BNB
$1,960.72
|
38 | ||||
62 |
mfers
Ethereum
|
0.50 ETH
$1,691.91
|
1.9% | 14.7% | 20.5% |
$16,951,213
5,009 ETH
|
7.25 ETH
$24,530
|
12 | ||||
63 |
Clone X
Ethereum
|
0.25 ETH
$862.80
|
3.3% | 13.3% | 12.1% |
$16,939,414
5,006 ETH
|
12.12 ETH
$41,020
|
31 | ||||
64 |
DeGods (Solana)
Solana
|
15.00 SOL
$3,044.19
|
2.1% | 8.1% | 29.1% |
$16,855,681
83,063 SOL
|
179.60 SOL
$36,446
|
12 | ||||
65 |
Sproto Gremlins
Ethereum
|
1.49 ETH
$5,041.91
|
9.6% | 6.8% | 2.3% |
$16,789,568
4,962 ETH
|
8.70 ETH
$29,430
|
6 | ||||
66 |
Forgotten Runes Wizards Cult
Ethereum
|
0.52 ETH
$1,769.65
|
0.3% | 18.3% | 21.3% |
$16,475,413
4,869 ETH
|
2.30 ETH
$7,793.04
|
4 | ||||
67 |
MyShell - MySoul
Ethereum
|
1.46 ETH
$4,923.48
|
2.5% | 1.7% | 64.0% |
$16,409,952
4,850 ETH
|
4.26 ETH
$14,414.12
|
3 | ||||
68 |
Pixelmon
Ethereum
|
0.38 ETH
$1,291.27
|
2.9% | 0.0% | 13.3% |
$16,226,111
4,795 ETH
|
3.12 ETH
$10,566.36
|
6 | ||||
69 |
CrypToadz
Ethereum
|
0.68 ETH
$2,300.67
|
4.1% | 4.7% | 19.1% |
$16,155,294
4,774 ETH
|
1.62 ETH
$5,489.59
|
2 | ||||
70 |
Bitcoin Wizards
Bitcoin
|
0.12 BTC
$11,900.85
|
11.6% | 25.6% | 27.6% |
$15,923,341
159.62 BTC
|
0.11 BTC
$10,663.97
|
1 | ||||
71 |
Skyborne - NexianGems
Ethereum
|
1.36 ETH
$4,612.17
|
18.5% | 24.0% | 18.5% |
$15,372,347
4,543 ETH
|
2.73 ETH
$9,247.68
|
2 | ||||
72 |
rektguy
Ethereum
|
0.50 ETH
$1,691.78
|
1.5% | 6.3% | 10.6% |
$14,911,362
4,407 ETH
|
4.40 ETH
$14,889.05
|
8 | ||||
73 |
Rug Radio - Genesis NFT
Ethereum
|
0.22 ETH
$727.52
|
26.9% | 22.9% | 53.6% |
$14,550,485
4,300 ETH
|
14.29 ETH
$48,344
|
68 | ||||
74 |
Nouns
Ethereum
|
Buy
|
3.00 ETH
$10,151.50
|
0.0% | 70.0% | 0.2% |
$14,059,829
4,155 ETH
|
6.00 ETH
$20,302
|
2 | |||
75 |
Degen Fat Cats
Solana
|
3.40 SOL
$689.95
|
2.3% | 17.2% | 15.6% |
$13,797,659
67,993 SOL
|
10.71 SOL
$2,174.18
|
3 | ||||
76 |
Project AEON
Ethereum
|
1.22 ETH
$4,128.28
|
12.8% | 18.5% | 13.0% |
$13,759,548
4,066 ETH
|
8.35 ETH
$28,255
|
7 | ||||
77 |
VeeFriends Series 2
Ethereum
|
0.072 ETH
$242.92
|
1.7% | 13.2% | 1.1% |
$13,428,095
3,968 ETH
|
0.82 ETH
$2,761.49
|
11 | ||||
78 |
Pizza Ninjas
Bitcoin
|
0.088 BTC
$8,728.70
|
6.9% | 2.2% | 6.3% |
$13,093,043
131.25 BTC
|
0.30 BTC
$29,727
|
3 | ||||
79 |
MintID
Ethereum
|
0.38 ETH
$1,292.34
|
0.0% | 22.1% | 4.6% |
$12,923,436
3,819 ETH
|
0.38 ETH
$1,285.86
|
1 | ||||
80 |
Nakamigos
Ethereum
|
0.19 ETH
$642.93
|
15.5% | 26.7% | 11.6% |
$12,812,920
3,787 ETH
|
26.52 ETH
$89,724
|
130 | ||||
81 |
Critters Quest
Solana
|
23.86 SOL
$4,842.83
|
16.8% | 60.9% | 0.0% |
$12,107,080
59,662 SOL
|
1,129 SOL
$229,033
|
44 | ||||
82 |
Gemesis
Ethereum
|
0.038 ETH
$127.88
|
1.8% | 8.9% | 12.9% |
$12,116,803
3,581 ETH
|
1.68 ETH
$5,695.47
|
45 | ||||
83 |
Tensorians
Solana
|
6.68 SOL
$1,356.36
|
1.8% | 8.7% | 39.2% |
$12,028,239
59,274 SOL
|
92.63 SOL
$18,797.13
|
14 | ||||
84 |
Fomo v1.38 Mages
Solana
|
164.00 SOL
$33,280
|
3.2% | 94.7% | 540.3% |
$11,980,812
59,040 SOL
|
86.00 SOL
$17,451.73
|
1 | ||||
85 |
Lifinity Flares
Solana
|
5.89 SOL
$1,195.24
|
0.0% | 0.8% | 12.2% |
$11,354,782
55,955 SOL
|
52.73 SOL
$10,701.03
|
9 | ||||
86 |
Retardio Cousins
Solana
|
12.57 SOL
$2,550.03
|
4.2% | 10.3% | 28.5% |
$11,332,346
55,844 SOL
|
125.73 SOL
$25,513
|
10 | ||||
87 |
OCH Genesis Ring
Ethereum
|
3.09 ETH
$10,456.01
|
1.9% | 0.0% | 0.0% |
$10,456,006
3,090 ETH
|
17.91 ETH
$60,604
|
6 | ||||
88 |
77-Bit
Ethereum
|
0.43 ETH
$1,455.05
|
12.9% | 36.5% | 79.9% |
$11,315,912
3,344 ETH
|
5.49 ETH
$18,591.80
|
10 | ||||
89 |
Chimpers
Ethereum
|
0.60 ETH
$2,022.52
|
0.4% | 17.4% | 6.1% |
$11,235,084
3,320 ETH
|
2.51 ETH
$8,484.61
|
4 | ||||
90 |
Azra Games - The Hopeful
Ethereum
|
0.58 ETH
$1,949.08
|
0.0% | 7.1% | 18.2% |
$10,827,166
3,200 ETH
|
2.90 ETH
$9,812.98
|
5 | ||||
91 |
Dooplicator
Ethereum
|
0.33 ETH
$1,111.93
|
3.0% | 6.0% | 114.9% |
$10,424,320
3,081 ETH
|
16.15 ETH
$54,634
|
41 | ||||
92 |
Treeverse Plots
Ethereum
|
0.29 ETH
$991.46
|
12.7% | 11.2% | 14.4% |
$10,331,047
3,053 ETH
|
2.86 ETH
$9,689.47
|
12 | ||||
93 |
Bitcoin Punks
Bitcoin
|
0.010 BTC
$1,027.39
|
4.6% | 0.8% | 6.4% |
$10,273,924
102.99 BTC
|
0.013 BTC
$1,281.87
|
1 | ||||
94 |
Pixels - Farm Land
Ethereum
|
0.58 ETH
$1,962.59
|
0.0% | 0.0% | 7.8% |
$9,812,949
2,900 ETH
|
1.50 ETH
$5,058.83
|
2 | ||||
95 |
Tomorrowland: A Letter from the Universe
Solana
|
7.34 SOL
$1,489.17
|
6.0% | 6.9% | 8.5% |
$9,663,224
47,619 SOL
|
7.20 SOL
$1,461.07
|
1 | ||||
96 |
Natcats
Bitcoin
|
0.012 BTC
$1,197.08
|
6.2% | 7.0% | 29.0% |
$9,653,239
96.77 BTC
|
0.11 BTC
$11,184.48
|
10 | ||||
97 |
Proof of Narnian NFT
Ethereum
|
0.84 ETH
$2,842.42
|
3.4% | 6.5% | 7.0% |
$9,473,787
2,800 ETH
|
3.94 ETH
$13,332.30
|
5 | ||||
98 |
Neo Tokyo Outer Citizen V2
Ethereum
|
0.79 ETH
$2,656.31
|
4.7% | 3.1% | 38.1% |
$9,448,493
2,792 ETH
|
2.95 ETH
$9,982.18
|
4 | ||||
99 |
RSIC METAPROTOCOL
Bitcoin
|
0.005 BTC
$448.90
|
11.8% | 13.9% | 17.9% |
$9,426,991
94.50 BTC
|
0.054 BTC
$5,416.78
|
10 | ||||
100 |
ai16z partners
Solana
|
8.36 SOL
$1,696.24
|
13.6% | 25.8% | 339.3% |
$9,422,595
46,433 SOL
|
405.11 SOL
$82,207
|
47 |
Featured NFT Articles
What Are NFTs?
A non-fungible token (NFT) is a digital asset or a unique identifier that assigns, links, or proves ownership of unique physical and digital goods. These goods can be anything ranging from artwork, music, digital real estate, or videos. In simple terms, NFTs are unique crypto tokens managed on a blockchain and they can be considered as modern-day collectibles. Each NFT is coded with a unique ID and other metadata that are impossible to replicate on other tokens. The blockchain acts as a decentralized ledger that is used to track the transaction history and ownership of the NFT, and this makes it difficult to be counterfeited or altered. Any digital object can become an NFT and anyone can make an NFT. To convert a digital object to an NFT, you just need to mint or put the object on the blockchain as a token and put the digital artwork for sale. NFT creators can choose to attach a commission to the file and get paid for every sale or resale of the file.
What is a NFT floor price?
Floor price refers to the lowest price for an NFT collection that someone can buy directly from the market. You can now track market data for NFT collections using our new NFT Data API.
How to Calculate NFT Floor Prices?
NFT floor price is the lowest price an individual is willing to sell an NFT for. Alternatively, the NFT floor price can also be the lowest amount of ETH a person is able to spend to own an NFT or become a member of an NFT project. NFT floor price is often determined and set by the owner of the NFT. The seller can decide to choose a floor price that is less than that of other similar NFTs within the NFT project. Knowing how to calculate the floor price of an NFT will save you the trouble of making a bad investment. In most cases, NFT investors use the floor price to determine the rarity of an NFT and find out if the NFT project has the chance of appreciating in value. The major determinant of the value of NFT floor price is the demand. If the NFT is in high demand, the seller will not want to sell it at a price lower than the value of other NFTs in the project. But if the reverse is the case and the demand for the NFT is low, the seller will most likely pick a low floor price in order to sell out the NFT quickly before it freezes out. As stated above, the floor price of an NFT is determined by the demand for the NFT. Below are factors that can affect the demand for an NFT and ultimately affect the floor price of NFTs: - The utility of the NFT - The uniqueness of the product - Creator's popularity - The product appeal to a wide range of buyers - The diversity of the NFT creators
What is NFT Market Cap?
NFT market cap is the total value of all NFTs in a collection in circulation, calculated by multiplying the total supply of NFTs in a collection by the current floor price. It serves as a valuation indicator to compare NFT assets with each other and with other cryptocurrencies. The rank that we assign to a collection reflects its position across all NFT collections in all the chains that we are tracking, hence you can consider it as a global market cap ranking.
How Do NFTs Differ From Cryptocurrencies?
Cryptocurrencies are identical to each other and can serve as a medium of commercial exchange, NFTs on the other hand, cannot be exchanged or traded at equivalency. This is because they are not identical to each other. Fungible items like cryptocurrency and fiat money can be exchanged with one another without losing value because their value is not tied to their uniqueness. An example of a fungible item is a dollar bill. Every $1 bill has the same value, so exchanging one bill with another bill that has a different serial number will in no way reduce the value of the $1 bill. The reverse is the case with NFTs. Each token is unique and is not always worth the same amount as other similar tokens.
Why Do NFTs Have Value?
The primary reason for NFT value is that each token is unique and cannot be interchanged. NFTs are also valuable because they help verify the authenticity and ownership of a non-fungible asset. Even though these digital assets may be duplicated, the original is unique and irreplaceable. Plainly put, the value of NFTs is tied to the non-fungibility of the tokens. Unlike fungible tokens, NFTs cannot be broken down into smaller units. Fungible tokens such as bitcoin are divisible into smaller units. For instance, bitcoin can be split into Satoshi. The implication of this is that even though an NFT asset can be copied, the digital certificate of ownership that can be bought or sold along with the artwork can't be duplicated. Only the original asset has the ownership certificate. So while other people may have access to the asset, none of them can claim ownership of it. Even though the NFTs are virtual, the fact that their ownership and authenticity can be verified makes them valuable.
What are NFTs Used For?
NFT buyers can choose to do whatever they like with their NFT after purchase. In most cases, the use of the NFT is dependent on what type of NFT it is.
Some may choose to hold NFTs that they believe will have long-term value, while others may sell their NFTs after buying just to make some profit. Savvy NFT traders take advantage of price fluctuations and actively trade NFTs to generate profit.
On the other hand, some NFT buyers like art collectors are not interested in reselling the NFT. They buy NFTs because they like collecting them. This group of buyers derive joy from knowing that they are the sole owners of certain digital assets.
Also, the importance and uses of NFTs keeps increasing as more categories are being discovered.
Below are some things you can use NFTs for:
1. Verifying the Authenticity of Products
NFTs are used to store information regarding the manufacturing process and ownership of a product on the blockchain.
This information cannot be tampered with or duplicated.
The fact that all this information about a product can be accessed easily helps to solve the problem of the circulation of fake copies of a product.
2. Gaming Industry
The uses of NFTs in the gaming industry cannot be overemphasized. Game developers use NFTs to create a constant stream of revenue by having gamers buy and trade in-game NFT items.
The use of NFTs in the gaming industry also enables gamers to make easier and safer transactions devoid of middlemen within the blockchain.
3. Intellectual Property and Patents
You can use NFTs to protect intellectual property and patents and also prove your ownership of any piece of digital content.
The traditional IP right tools like trademarks and copyrights are not as efficient as NFTs when it comes to protecting and proving the real ownership of a piece of content.
With NFTs, the creator of content can prove that he is the original creator of a digital asset at any given time.
4. Utility in the Metaverse
NFTs play a leading role in shaping the virtual reality future like the metaverse.
Literally, every item sold in the metaverse is an NFT. Transactions are already being made in the metaverse using NFT coins.
The future avatar of every metaverse user is also an NFT.
How to Mint NFTs
Anyone can mint NFTs. This minting can be done on many of the available NFT marketplaces like OpenSea, SuperRare, and Rarible.
Because many of these marketplaces are only available on the Ethereum network, you must have Ethereum's native currency Ether, and a wallet compatible with the Ethereum network to be able to mint NFTs.
The process of minting NFTs in each marketplace may be slightly different, but they are similar. The major difference in the minting process is the fees charged by each marketplace.
The minting steps below are applicable to most marketplaces:
Step 1: Create a Crypto Exchange Account.
You will need Ether in your wallet to pay the minting fee.
Step 2: Create a Crypto Wallet
To get started with the minting process you need to open a crypto wallet and connect it to the NFT Marketplace.
If you are using a wallet like Coinbase or MetaMask, you may be asked to connect your wallet through a QR code scanner on your smartphone or download the wallet to your computer.
Step 3: Send Ether to your Wallet
After setting up your wallet, the next thing to do is to send Ether from your exchange to your wallet.
In most cases, you will be able to send crypto to a wallet with a public address.
Your wallet's public address will always be visible when you open your wallet plugin on the browser or on your smartphone.
Step 4: Connect Your Wallet
After opening your wallet, go to the website of the platform you are using and click on the profile option.
When you do this, you will see an option for connecting your wallet to the marketplace.
Select the option.
Once the wallet is connected and your marketplace profile has been created, you will need to complete your profile by entering a username and your email address to verify your account.
Your profile can include information such as what type of crypto you accept as payment, your website, and social media link, and some information about yourself.
Step 5: Mint Your NFT
After opening your wallet, go to the website of the platform you are using and click on the profile option.
When you do this, you will see an option for connecting your wallet to the marketplace.
Select the option.
Once the wallet is connected and your marketplace profile has been created, you will need to complete your profile by entering a username and your email address to verify your account.
Your profile can include information such as what type of crypto you accept as payment, your website, and social media link, and some information about yourself.
Step 6: Sell Your NFT
After creating your NFT, you will need to list it for sale.
To do this, click on the "Sell" option on your NFT page. You will be redirected to a new page where you can choose to sell your NFT for a fixed price or auction it.
If you are selling at a fixed price, set the price you want to sell at, then complete the listing.
Before finally listing your NFT for sale, your platform may ask you to initialize your wallet. You will also need to confirm the selling price through your wallet.
Once this is done, your NFT has been minted and is ready for sale.