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
$137,662
|
2.2% | 8.1% | 3.9% |
$1,375,792,958
399,760 ETH
|
411.08 ETH
$1,414,751
|
8 | |||
2 |
Pudgy Penguins
Ethereum
|
Buy
|
24.49 ETH
$84,283
|
2.9% | 10.6% | 29.6% |
$749,111,379
217,667 ETH
|
1,158 ETH
$3,983,891
|
47 | |||
3 |
Infinex Patrons
Ethereum
|
1.53 ETH
$5,265.57
|
3.4% | 2.0% | 2.7% |
$526,556,741
153,000 ETH
|
19.49 ETH
$67,068
|
13 | ||||
4 |
Bored Ape Yacht Club
Ethereum
|
Buy
|
15.29 ETH
$52,621
|
4.0% | 6.6% | 21.5% |
$526,106,999
152,869 ETH
|
299.13 ETH
$1,029,462
|
19 | |||
5 |
Azuki
Ethereum
|
Buy
|
12.82 ETH
$44,121
|
1.8% | 2.6% | 31.5% |
$441,206,363
128,200 ETH
|
1,831 ETH
$6,299,778
|
145 | |||
6 |
Lil Pudgys
Ethereum
|
2.62 ETH
$9,023.74
|
5.3% | 7.3% | 42.2% |
$197,475,455
57,380 ETH
|
213.73 ETH
$735,566
|
84 | ||||
7 |
Autoglyphs
Ethereum
|
99.50 ETH
$342,434
|
0.0% | 0.0% | 0.0% |
$175,326,187
50,944 ETH
|
0 ETH
$0.00
|
0 | ||||
8 |
Mutant Ape Yacht Club
Ethereum
|
Buy
|
2.54 ETH
$8,758.39
|
1.8% | 11.6% | 28.9% |
$171,130,256
49,725 ETH
|
271.06 ETH
$932,868
|
107 | |||
9 |
Doodles
Ethereum
|
Buy
|
4.96 ETH
$17,070.07
|
2.7% | 3.7% | 1.4% |
$170,666,607
49,590 ETH
|
76.47 ETH
$263,168
|
16 | |||
10 |
Chromie Squiggle by Snowfro
Ethereum
|
4.80 ETH
$16,519.43
|
0.0% | 2.0% | 11.1% |
$165,194,272
48,000 ETH
|
0 ETH
$0.00
|
0 | ||||
11 |
Fidenza by Tyler Hobbs
Ethereum
|
44.44 ETH
$152,942
|
0.0% | 0.1% | 9.2% |
$152,789,421
44,396 ETH
|
0 ETH
$0.00
|
0 | ||||
12 |
Mad Lads
Solana
|
72.00 SOL
$14,796.48
|
2.6% | 10.0% | 24.1% |
$147,461,755
717,552 SOL
|
465.48 SOL
$95,660
|
6 | ||||
13 |
Milady Maker
Ethereum
|
Buy
|
3.99 ETH
$13,731.77
|
3.4% | 2.6% | 31.1% |
$137,015,636
39,812 ETH
|
135.58 ETH
$466,615
|
34 | |||
14 |
Quantum Cats
Bitcoin
|
0.33 BTC
$33,055
|
3.3% | 2.6% | 57.9% |
$110,170,741
1,100 BTC
|
4.21 BTC
$421,276
|
13 | ||||
15 |
NodeMonkes
Bitcoin
|
0.10 BTC
$10,286.28
|
3.8% | 9.9% | 25.0% |
$102,862,787
1,027 BTC
|
1.41 BTC
$141,056
|
13 | ||||
16 |
Bitcoin Puppets
Bitcoin
|
0.10 BTC
$10,187.11
|
7.5% | 17.2% | 34.4% |
$101,881,319
1,017 BTC
|
1.66 BTC
$166,233
|
16 | ||||
17 |
Creepz by OVERLORD
Ethereum
|
2.79 ETH
$9,595.03
|
7.1% | 14.2% | 1.9% |
$100,181,749
29,110 ETH
|
14.01 ETH
$48,228
|
5 | ||||
18 |
Mocaverse
Ethereum
|
3.17 ETH
$10,902.13
|
13.6% | 3.4% | 62.5% |
$96,898,164
28,155 ETH
|
20.14 ETH
$69,308
|
7 | ||||
19 |
Azuki Elementals
Ethereum
|
1.60 ETH
$5,503.00
|
1.8% | 1.3% | 27.6% |
$92,978,684
27,017 ETH
|
483.47 ETH
$1,663,899
|
263 | ||||
20 |
Ordinal Maxi Biz (OMB)
Bitcoin
|
0.15 BTC
$15,520.07
|
2.2% | 1.9% | 4.3% |
$81,371,737
812.35 BTC
|
0.21 BTC
$20,725
|
1 | ||||
21 |
Captainz
Ethereum
|
2.10 ETH
$7,227.25
|
1.4% | 7.7% | 29.3% |
$72,265,267
20,998 ETH
|
24.09 ETH
$82,907
|
12 | ||||
22 |
Bit Bears by Berachain
Ethereum
|
6.90 ETH
$23,747
|
3.6% | 16.9% | 41.1% |
$54,332,396
15,787 ETH
|
75.43 ETH
$259,596
|
11 | ||||
23 |
Runestone
Bitcoin
|
0.005 BTC
$480.81
|
5.5% | 10.8% | 36.0% |
$54,042,786
539.52 BTC
|
0.46 BTC
$46,554
|
98 | ||||
24 |
BEANZ Official
Ethereum
|
0.78 ETH
$2,684.40
|
2.8% | 2.8% | 22.1% |
$53,553,849
15,561 ETH
|
229.52 ETH
$789,887
|
294 | ||||
25 |
The Sandbox LANDS
Ethereum
|
0.086 ETH
$295.80
|
0.6% | 4.5% | 27.1% |
$49,107,086
14,269 ETH
|
4.20 ETH
$14,459.36
|
46 | ||||
26 |
Baby Bears
Ethereum
|
23.50 ETH
$80,876
|
20.0% | 30.6% | 68.2% |
$46,099,526
13,395 ETH
|
78.89 ETH
$271,497
|
4 | ||||
27 |
Band Bears
Ethereum
|
11.49 ETH
$39,543
|
7.6% | 18.5% | 55.3% |
$46,028,493
13,374 ETH
|
64.74 ETH
$222,806
|
6 | ||||
28 |
VeeFriends
Ethereum
|
1.29 ETH
$4,456.77
|
0.3% | 16.5% | 74.4% |
$45,704,170
13,280 ETH
|
7.35 ETH
$25,282
|
5 | ||||
29 |
OnChainMonkey (OCM) Genesis
Bitcoin
|
0.044 BTC
$4,397.19
|
1.4% | 25.8% | 98.0% |
$43,971,858
438.98 BTC
|
0.21 BTC
$21,135
|
4 | ||||
30 |
Azuki Elemental Beans
Ethereum
|
2.35 ETH
$8,084.19
|
0.3% | 0.5% | 24.9% |
$43,549,536
12,654 ETH
|
106.41 ETH
$366,224
|
39 | ||||
31 |
Ringers by Dmitri Cherniak
Ethereum
|
12.00 ETH
$41,299
|
0.0% | 14.3% | 31.4% |
$41,298,568
12,000 ETH
|
10.25 ETH
$35,276
|
1 | ||||
32 |
Honey Comb
Ethereum
|
0.73 ETH
$2,502.00
|
3.9% | 2.4% | 47.5% |
$41,082,921
11,937 ETH
|
16.94 ETH
$58,301
|
24 | ||||
33 |
Claynosaurz
Solana
|
19.51 SOL
$4,008.78
|
0.5% | 5.9% | 15.2% |
$40,087,784
195,068 SOL
|
65.09 SOL
$13,376.48
|
3 | ||||
34 |
Boo Bears
Ethereum
|
42.00 ETH
$144,545
|
16.7% | 13.5% | 51.7% |
$39,171,692
11,382 ETH
|
73.00 ETH
$251,233
|
2 | ||||
35 |
Kaito Genesis
Ethereum
|
7.03 ETH
$24,187
|
5.0% | 65.8% | 116.2% |
$36,280,792
10,542 ETH
|
66.66 ETH
$229,414
|
10 | ||||
36 |
Sappy Seals
Ethereum
|
1.04 ETH
$3,568.88
|
0.2% | 18.9% | 11.5% |
$35,678,105
10,367 ETH
|
28.89 ETH
$99,435
|
28 | ||||
37 |
Parallel Avatars
Ethereum
|
0.91 ETH
$3,124.92
|
5.6% | 10.8% | 60.5% |
$34,377,224
9,989 ETH
|
6.07 ETH
$20,907
|
7 | ||||
38 |
Meebits
Ethereum
|
Buy
|
0.50 ETH
$1,717.33
|
0.2% | 1.1% | 20.2% |
$34,344,925
9,980 ETH
|
13.09 ETH
$45,049
|
23 | |||
39 |
Otherdeed for Otherside
Ethereum
|
Buy
|
0.20 ETH
$704.83
|
8.9% | 19.1% | 8.9% |
$33,282,725
9,671 ETH
|
5.67 ETH
$19,508.64
|
19 | |||
40 |
Neo Tokyo Citizen V2
Ethereum
|
4.80 ETH
$16,519.43
|
2.3% | 18.6% | 36.8% |
$33,253,607
9,662 ETH
|
5.25 ETH
$18,068.02
|
1 | ||||
41 |
Redacted Remilio Babies
Ethereum
|
0.92 ETH
$3,183.26
|
9.0% | 1.2% | 34.9% |
$31,826,260
9,248 ETH
|
24.82 ETH
$85,423
|
27 | ||||
42 |
Pudgy Rods
Ethereum
|
1.07 ETH
$3,665.25
|
1.4% | 17.4% | 51.8% |
$27,104,508
7,876 ETH
|
32.68 ETH
$112,466
|
30 | ||||
43 |
Solana Monkey Business
Solana
|
Buy
|
26.23 SOL
$5,390.73
|
1.3% | 12.3% | 34.9% |
$26,915,909
130,973 SOL
|
394.18 SOL
$81,006
|
15 | |||
44 |
Jirasan
Ethereum
|
0.85 ETH
$2,908.11
|
4.0% | 1.7% | 36.6% |
$26,455,054
7,687 ETH
|
32.50 ETH
$111,860
|
37 | ||||
45 |
DeGods
Ethereum
|
Buy
|
0.85 ETH
$2,925.32
|
7.6% | 0.8% | 27.7% |
$26,298,584
7,642 ETH
|
5.69 ETH
$19,593.68
|
7 | |||
46 |
Otherdeed Expanded
Ethereum
|
0.14 ETH
$464.61
|
5.6% | 15.6% | 6.9% |
$25,653,380
7,454 ETH
|
3.31 ETH
$11,385.97
|
18 | ||||
47 |
CryptoDickbutts
Ethereum
|
1.41 ETH
$4,862.91
|
23.4% | 0.4% | 101.9% |
$25,277,387
7,345 ETH
|
27.27 ETH
$93,839
|
20 | ||||
48 |
Pirate Nation - Founder's Pirates
Ethereum
|
0.73 ETH
$2,505.51
|
8.9% | 17.8% | 16.5% |
$25,052,578
7,279 ETH
|
13.97 ETH
$48,078
|
20 | ||||
49 |
Winds of Yawanawa by Yawanawa and Refik Anadol
Ethereum
|
7.14 ETH
$24,573
|
0.7% | 20.7% | 9.3% |
$24,572,648
7,140 ETH
|
21.00 ETH
$72,272
|
2 | ||||
50 |
GGSG: Galactic Geckos
Solana
|
11.83 SOL
$2,430.12
|
1.2% | 0.7% | 13.2% |
$24,301,169
118,250 SOL
|
33.84 SOL
$6,954.35
|
3 | ||||
51 |
Cool Cats
Ethereum
|
0.70 ETH
$2,405.30
|
3.1% | 15.7% | 6.2% |
$23,976,005
6,967 ETH
|
12.39 ETH
$42,642
|
18 | ||||
52 |
The Potatoz
Ethereum
|
0.70 ETH
$2,391.88
|
2.8% | 11.2% | 34.4% |
$23,916,362
6,949 ETH
|
4.82 ETH
$16,588.43
|
7 | ||||
53 |
onchain gaias
Base
|
1.24 ETH
$4,260.63
|
12.5% | 7.7% | 61.9% |
$23,672,072
6,878 ETH
|
32.59 ETH
$112,170
|
17 | ||||
54 |
Decentraland
Ethereum
|
0.070 ETH
$240.56
|
6.1% | 16.7% | 2.0% |
$23,681,617
6,881 ETH
|
2.59 ETH
$8,930.44
|
17 | ||||
55 |
Bitcoin Frogs
Bitcoin
|
0.023 BTC
$2,333.82
|
0.9% | 6.1% | 30.4% |
$23,338,205
232.99 BTC
|
0.067 BTC
$6,682.94
|
3 | ||||
56 |
Terraforms by Mathcastles
Ethereum
|
Buy
|
0.65 ETH
$2,236.90
|
0.0% | 14.5% | 26.1% |
$22,169,907
6,442 ETH
|
1.17 ETH
$4,026.61
|
2 | |||
57 |
World of Women
Ethereum
|
0.62 ETH
$2,137.17
|
0.5% | 2.2% | 26.8% |
$21,371,665
6,210 ETH
|
4.35 ETH
$14,987.86
|
7 | ||||
58 |
Kanpai Pandas
Ethereum
|
0.77 ETH
$2,647.13
|
1.3% | 2.6% | 12.6% |
$21,243,255
6,173 ETH
|
5.31 ETH
$18,275.99
|
7 | ||||
59 |
Moonbirds
Ethereum
|
Buy
|
0.60 ETH
$2,061.40
|
0.1% | 7.7% | 13.3% |
$20,613,974
5,990 ETH
|
3.05 ETH
$10,508.42
|
5 | |||
60 |
MAX PAIN AND FRENS BY XCOPY
Ethereum
|
0.85 ETH
$2,925.32
|
1.3% | 1.6% | 10.5% |
$20,386,522
5,924 ETH
|
3.32 ETH
$11,439.70
|
4 | ||||
61 |
Bored Ape Kennel Club
Ethereum
|
0.61 ETH
$2,099.31
|
3.4% | 12.7% | 33.7% |
$20,157,569
5,857 ETH
|
12.42 ETH
$42,730
|
21 | ||||
62 |
CrypToadz
Ethereum
|
0.75 ETH
$2,581.16
|
14.8% | 15.4% | 15.4% |
$18,124,909
5,267 ETH
|
1.54 ETH
$5,299.98
|
2 | ||||
63 |
Synclub's SnBNB Early Adopters
BNB Smart Chain
|
1.00 BNB
$714.30
|
0.0% | 0.0% | 0.0% |
$18,117,480
25,364 BNB
|
2.75 BNB
$1,963.51
|
38 | ||||
64 |
mfers
Ethereum
|
0.51 ETH
$1,771.70
|
1.0% | 12.4% | 13.2% |
$17,750,679
5,158 ETH
|
5.81 ETH
$19,989.10
|
9 | ||||
65 |
Clone X
Ethereum
|
0.26 ETH
$879.32
|
5.4% | 8.8% | 8.6% |
$17,263,598
5,016 ETH
|
12.39 ETH
$42,629
|
32 | ||||
66 |
DeGods (Solana)
Solana
|
15.00 SOL
$3,082.63
|
2.3% | 15.2% | 23.4% |
$17,062,337
83,026 SOL
|
190.79 SOL
$39,208
|
13 | ||||
67 |
Sproto Gremlins
Ethereum
|
1.49 ETH
$5,127.91
|
1.4% | 8.6% | 11.6% |
$17,075,925
4,962 ETH
|
11.31 ETH
$38,914
|
8 | ||||
68 |
Forgotten Runes Wizards Cult
Ethereum
|
0.52 ETH
$1,805.43
|
11.1% | 16.7% | 21.0% |
$16,808,575
4,884 ETH
|
2.30 ETH
$7,925.96
|
4 | ||||
69 |
MyShell - MySoul
Ethereum
|
1.46 ETH
$5,007.45
|
3.1% | 1.0% | 63.9% |
$16,689,835
4,850 ETH
|
7.08 ETH
$24,372
|
5 | ||||
70 |
Pixelmon
Ethereum
|
0.38 ETH
$1,324.65
|
2.0% | 1.8% | 14.5% |
$16,645,572
4,837 ETH
|
2.32 ETH
$7,993.34
|
4 | ||||
71 |
rektguy
Ethereum
|
0.50 ETH
$1,720.64
|
1.5% | 13.6% | 13.1% |
$15,165,686
4,407 ETH
|
4.87 ETH
$16,760.52
|
9 | ||||
72 |
Project AEON
Ethereum
|
1.30 ETH
$4,461.96
|
0.2% | 13.3% | 58.1% |
$14,871,722
4,321 ETH
|
11.31 ETH
$38,924
|
9 | ||||
73 |
Rug Radio - Genesis NFT
Ethereum
|
0.21 ETH
$736.49
|
26.3% | 15.3% | 166.6% |
$14,729,823
4,280 ETH
|
13.44 ETH
$46,250
|
65 | ||||
74 |
Nouns
Ethereum
|
Buy
|
3.00 ETH
$10,324.64
|
0.0% | 11.8% | 0.2% |
$14,299,629
4,155 ETH
|
6.00 ETH
$20,649
|
2 | |||
75 |
VeeFriends Series 2
Ethereum
|
0.072 ETH
$247.07
|
1.7% | 13.1% | 41.0% |
$13,657,216
3,968 ETH
|
0.79 ETH
$2,734.95
|
10 | ||||
76 |
Pizza Ninjas
Bitcoin
|
0.088 BTC
$8,764.72
|
2.9% | 7.9% | 8.9% |
$13,147,086
131.25 BTC
|
0.28 BTC
$28,448
|
3 | ||||
77 |
MintID
Ethereum
|
0.38 ETH
$1,314.41
|
0.0% | 22.1% | 4.6% |
$13,144,130
3,819 ETH
|
1.16 ETH
$3,992.19
|
3 | ||||
78 |
Skyborne - NexianGems
Ethereum
|
1.10 ETH
$3,785.36
|
4.3% | 4.3% | 21.4% |
$12,616,598
3,666 ETH
|
3.77 ETH
$12,984.61
|
3 | ||||
79 |
Tensorians
Solana
|
6.69 SOL
$1,374.82
|
4.9% | 2.0% | 43.2% |
$12,191,898
59,326 SOL
|
88.91 SOL
$18,272.40
|
13 | ||||
80 |
Fomo v1.38 Mages
Solana
|
164.00 SOL
$33,703
|
3.2% | 94.7% | 540.3% |
$12,133,116
59,040 SOL
|
86.00 SOL
$17,673.58
|
1 | ||||
81 |
Gemesis
Ethereum
|
0.037 ETH
$127.34
|
4.9% | 14.5% | 25.6% |
$12,065,841
3,506 ETH
|
2.23 ETH
$7,663.09
|
58 | ||||
82 |
Critters Quest
Solana
|
23.22 SOL
$4,771.87
|
14.9% | 63.6% | 0.0% |
$11,929,665
58,050 SOL
|
725.99 SOL
$149,195
|
33 | ||||
83 |
MoonCats - Acclimated
Ethereum
|
0.17 ETH
$582.45
|
5.4% | 27.9% | 40.5% |
$11,780,583
3,423 ETH
|
1.28 ETH
$4,419.58
|
6 | ||||
84 |
77-Bit
Ethereum
|
0.44 ETH
$1,514.28
|
11.1% | 46.7% | 144.9% |
$11,776,562
3,422 ETH
|
7.80 ETH
$26,857
|
15 | ||||
85 |
Retardio Cousins
Solana
|
12.78 SOL
$2,626.35
|
2.6% | 7.1% | 32.0% |
$11,671,517
56,794 SOL
|
110.91 SOL
$22,793
|
9 | ||||
86 |
Nakamigos
Ethereum
|
0.17 ETH
$581.62
|
21.7% | 6.0% | 9.1% |
$11,591,135
3,368 ETH
|
28.09 ETH
$96,668
|
151 | ||||
87 |
Chimpers
Ethereum
|
0.60 ETH
$2,057.01
|
1.2% | 15.7% | 0.4% |
$11,426,706
3,320 ETH
|
5.39 ETH
$18,564.73
|
9 | ||||
88 |
OCH Genesis Ring
Ethereum
|
3.09 ETH
$10,634.34
|
1.9% | 0.0% | 0.0% |
$10,634,340
3,090 ETH
|
17.91 ETH
$61,638
|
6 | ||||
89 |
Lifinity Flares
Solana
|
5.78 SOL
$1,187.42
|
1.5% | 1.0% | 9.8% |
$11,280,469
54,891 SOL
|
40.90 SOL
$8,405.28
|
7 | ||||
90 |
Azra Games - The Hopeful
Ethereum
|
0.58 ETH
$1,982.33
|
0.0% | 6.3% | 19.4% |
$11,011,831
3,200 ETH
|
2.37 ETH
$8,156.33
|
4 | ||||
91 |
Treeverse Plots
Ethereum
|
0.29 ETH
$1,008.37
|
12.7% | 13.8% | 23.3% |
$10,507,250
3,053 ETH
|
2.57 ETH
$8,846.38
|
11 | ||||
92 |
Dooplicator
Ethereum
|
0.32 ETH
$1,115.06
|
4.7% | 1.3% | 85.2% |
$10,453,700
3,038 ETH
|
13.29 ETH
$45,732
|
39 | ||||
93 |
ai16z partners
Solana
|
9.16 SOL
$1,881.62
|
5.9% | 0.1% | 220.0% |
$10,452,396
50,862 SOL
|
350.84 SOL
$72,101
|
40 | ||||
94 |
Bitcoin Punks
Bitcoin
|
0.010 BTC
$1,031.63
|
5.1% | 3.1% | 14.2% |
$10,316,330
102.99 BTC
|
0.013 BTC
$1,287.16
|
1 | ||||
95 |
Pixels - Farm Land
Ethereum
|
0.58 ETH
$1,996.10
|
0.0% | 8.7% | 7.9% |
$9,980,487
2,900 ETH
|
1.50 ETH
$5,145.11
|
2 | ||||
96 |
Tomorrowland: A Letter from the Universe
Solana
|
7.34 SOL
$1,508.10
|
8.2% | 7.7% | 12.9% |
$9,786,066
47,619 SOL
|
7.20 SOL
$1,479.65
|
1 | ||||
97 |
RSIC METAPROTOCOL
Bitcoin
|
0.005 BTC
$461.78
|
14.6% | 18.8% | 20.2% |
$9,697,290
96.81 BTC
|
0.077 BTC
$7,691.82
|
14 | ||||
98 |
Natcats
Bitcoin
|
0.012 BTC
$1,202.02
|
4.4% | 7.7% | 33.3% |
$9,693,083
96.77 BTC
|
0.12 BTC
$11,884.36
|
11 | ||||
99 |
Proof of Narnian NFT
Ethereum
|
0.84 ETH
$2,890.90
|
3.4% | 11.7% | 10.5% |
$9,635,369
2,800 ETH
|
3.12 ETH
$10,737.63
|
4 | ||||
100 |
PXQuest Adventurer
Ethereum
|
0.36 ETH
$1,255.13
|
1.3% | 19.0% | 45.9% |
$9,413,467
2,735 ETH
|
0.68 ETH
$2,330.61
|
2 |
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.