Top NFT Collection Prices Ranked by Market Cap
| # | NFT | Floor Price | 24h | 7d | 30d | Last 7 Days | Market Cap | 24h Volume | 24h Sales | |||
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| - |
|
BoDoggos
|
0.80 SOL
$51.19
|
4.0% | 15.7% | 35.1% |
|
$445,192
6,918 SOL
|
1.90 SOL
$122.46
|
2 | ||
| - |
|
God Hates NFTees
|
0.064 ETH
$100.49
|
0.0% | 0.0% | 1.6% |
|
$504,640
318.90 ETH
|
0.076 ETH
$120.42
|
2 | ||
| - |
|
NinjaPets (NinjaFT)
|
0.10 BNB
$60.35
|
0.0% | 0.0% | 0.0% |
|
$0.00
0 BNB
|
0.21 BNB
$120.38
|
- | ||
| - |
|
OCM Katoshi Prime by OnChainMonkey®
|
0.001 BTC
$70.53
|
0.0% | 22.3% | 26.6% |
|
$0.00
0 BTC
|
0.002 BTC
$121.03
|
1 | ||
| - |
|
NodeRocks
|
0.0004 BTC
$27.17
|
0.0% | 49.7% | 124.5% |
|
$271,706
4.49 BTC
|
0.002 BTC
$121.03
|
1 | ||
| - |
|
Zero Monke Biz
|
1.89 SOL
$121.50
|
0.3% | 2.1% | 1.8% |
|
$389,287
6,049 SOL
|
1.85 SOL
$119.18
|
1 | ||
| - |
|
Kreechures
|
0.35 SOL
$22.47
|
0.0% | 11.1% | 14.9% |
|
$89,383
1,389 SOL
|
1.85 SOL
$119.05
|
5 | ||
| - |
|
Critters Quest
|
1.98 SOL
$127.39
|
0.0% | 2.8% | 17.5% |
|
$445,880
6,929 SOL
|
1.85 SOL
$119.05
|
1 | ||
| - |
|
RatBoy NFTs
|
0.060 BNB
$34.63
|
0.0% | 0.0% | 0.0% |
|
$69,259
120.00 BNB
|
0.20 BNB
$118.28
|
- | ||
| - |
|
Drifters: Masterwork
|
0.37 SOL
$24.10
|
0.0% | 22.8% | 57.0% |
|
$199,599
3,102 SOL
|
1.77 SOL
$113.89
|
5 | ||
| - |
|
Cigawrette Packs
|
0.015 ETH
$23.61
|
0.4% | 273.0% | 395.0% |
|
$236,086
149.19 ETH
|
0.072 ETH
$113.62
|
10 | ||
| - |
|
Volted Dragons Sailors Club - VDSC
|
0.067 ETH
$105.87
|
0.0% | 61.1% | 47.9% |
|
$464,752
293.69 ETH
|
0.070 ETH
$110.61
|
1 | ||
| - |
|
/// by Snowfro
|
0.071 ETH
$113.13
|
19.2% | 4.5% | 24.9% |
|
$226,259
142.98 ETH
|
0.070 ETH
$110.30
|
2 | ||
| - |
|
LinksDAO
|
0.012 ETH
$19.78
|
0.0% | 0.6% | 4.6% |
|
$179,777
113.61 ETH
|
0.070 ETH
$110.14
|
1 | ||
| - |
|
Rogues
|
0.51 SOL
$32.91
|
5.1% | 6.9% | 0.4% |
|
$109,703
1,705 SOL
|
1.71 SOL
$109.72
|
2 | ||
| - |
|
BullBears
|
0.19 SOL
$12.03
|
10.5% | 7.0% | 37.1% |
|
$93,505
1,453 SOL
|
1.70 SOL
$109.34
|
9 | ||
| - |
|
SlimHoods
|
0.014 ETH
$22.15
|
0.7% | 0.0% | 0.1% |
|
$110,750
69.99 ETH
|
0.069 ETH
$109.27
|
5 | ||
| - |
|
2048 by Harto
|
0.0005 BTC
$28.93
|
0.0% | 0.2% | 36.6% |
|
$0.00
0 BTC
|
0.002 BTC
$110.07
|
3 | ||
| - |
|
Honeyland Passes
|
0.59 SOL
$38.06
|
4.2% | 7.8% | 9.2% |
|
$18,842.12
292.79 SOL
|
1.66 SOL
$106.76
|
3 | ||
| - |
|
KPR
|
0.017 ETH
$26.74
|
0.0% | 0.0% | 23.4% |
|
$267,435
169.00 ETH
|
0.068 ETH
$106.95
|
4 | ||
| - |
|
WPNZ
|
0.001 BTC
$60.51
|
0.0% | 16.7% | 16.7% |
|
$0.00
0 BTC
|
0.002 BTC
$105.90
|
1 | ||
| - |
|
Jirasan
|
0.031 ETH
$49.06
|
56.7% | 0.0% | 74.2% |
|
$490,560
310.00 ETH
|
0.066 ETH
$104.85
|
3 | ||
| - |
|
6 RINGS
|
1.24 SOL
$79.49
|
7.8% | 0.7% | 3.6% |
|
$397,214
6,172 SOL
|
1.60 SOL
$103.03
|
1 | ||
| - |
|
The Seven Seas: Captain
|
0.20 SOL
$12.97
|
0.0% | 5.3% | 40.0% |
|
$163,377
2,539 SOL
|
1.58 SOL
$101.68
|
5 | ||
| - |
|
Drippies™️
|
0.51 SOL
$32.82
|
0.0% | 0.0% | 7.3% |
|
$181,365
2,818 SOL
|
1.55 SOL
$99.75
|
3 | ||
| - |
|
NOMOS
|
0.0008 BTC
$47.80
|
97.5% | 1.0% | 148.6% |
|
$0.00
0 BTC
|
0.002 BTC
$96.82
|
4 | ||
| - |
|
Quack Heads
|
0.71 SOL
$45.97
|
14.3% | 14.3% | 33.7% |
|
$91,891
1,428 SOL
|
1.48 SOL
$95.52
|
2 | ||
| - |
|
CryptoSkulls
|
0.075 ETH
$118.68
|
31.6% | 16.6% | 12.4% |
|
$1,186,840
750.00 ETH
|
0.060 ETH
$94.95
|
1 | ||
| - |
|
Rune Pups
|
0.0005 BTC
$31.47
|
0.0% | 10.6% | 10.6% |
|
$339,152
5.60 BTC
|
0.002 BTC
$95.61
|
4 | ||
| - |
|
PepeNals
|
0.0003 BTC
$19.36
|
0.0% | 100.0% | 73.0% |
|
$133,614
2.21 BTC
|
0.002 BTC
$93.19
|
8 | ||
| - |
|
Boki
|
0.010 ETH
$15.97
|
27.7% | 0.0% | 19.9% |
|
$124,175
78.47 ETH
|
0.058 ETH
$91.94
|
33 | ||
| - |
|
Hape Prime
|
0.033 ETH
$52.14
|
3.6% | 0.0% | 11.2% |
|
$427,133
269.92 ETH
|
0.057 ETH
$90.51
|
2 | ||
| - |
|
EAPES
|
0.63 SOL
$40.36
|
1.2% | 2.3% | 14.7% |
|
$134,477
2,090 SOL
|
1.40 SOL
$90.09
|
2 | ||
| - |
|
Psychedelics Anonymous Genesis
|
0.038 ETH
$60.80
|
0.0% | 0.0% | 39.2% |
|
$583,355
368.64 ETH
|
0.054 ETH
$86.21
|
2 | ||
| - |
|
The Plague NFT
|
0.043 ETH
$68.05
|
0.0% | 15.5% | 87.0% |
|
$729,788
461.17 ETH
|
0.054 ETH
$84.79
|
2 | ||
| - |
|
MekaVerse
|
0.024 ETH
$37.89
|
0.0% | 10.3% | 11.3% |
|
$336,755
212.81 ETH
|
0.053 ETH
$84.34
|
2 | ||
| - |
|
Ape Reunion
|
0.012 ETH
$18.99
|
0.0% | 0.0% | 6.5% |
|
$189,893
120.00 ETH
|
0.053 ETH
$83.55
|
3 | ||
| - |
|
STONES
|
0.0001 BTC
$7.87
|
0.0% | 56.7% | 0.0% |
|
$0.00
0 BTC
|
0.001 BTC
$84.11
|
7 | ||
| - |
|
Wilder Beasts: Wolf
|
0.080 ETH
$126.60
|
1.3% | 0.0% | 33.4% |
|
$421,945
266.64 ETH
|
0.052 ETH
$82.45
|
1 | ||
| - |
|
GAMER Leets
|
1.00 BNB
$577.16
|
0.0% | 33.3% | 961.4% |
|
$5,771,551
10,000 BNB
|
0.14 BNB
$80.83
|
1 | ||
| - |
|
RTFKT BONUS ITEMS
|
1.50 ETH
$2,373.68
|
40.0% | 7592.3% | 7475.8% |
|
$1,531,023
967.50 ETH
|
0.050 ETH
$79.44
|
2 | ||
| - |
|
Kagami
|
0.20 ETH
$316.49
|
0.0% | 0.0% | 0.0% |
|
$282,626
178.60 ETH
|
0.050 ETH
$79.12
|
1 | ||
| - |
|
Jelly Rascals
|
0.28 SOL
$17.90
|
6.5% | 20.5% | 55.9% |
|
$119,396
1,855 SOL
|
1.21 SOL
$77.74
|
2 | ||
| - |
|
Mavrix by Jelly Co
|
0.28 SOL
$17.90
|
6.5% | 20.5% | 55.9% |
|
$119,682
1,860 SOL
|
1.21 SOL
$77.74
|
2 | ||
| - |
|
LP Doll
|
0.61 SOL
$39.57
|
11.6% | 26.7% | 9.8% |
|
$175,866
2,733 SOL
|
1.20 SOL
$77.45
|
2 | ||
| - |
|
The Humanoids
|
0.006 ETH
$10.27
|
0.0% | 9.4% | 55.2% |
|
$102,710
64.91 ETH
|
0.049 ETH
$76.97
|
4 | ||
| - |
|
Adam Bomb Squad
|
0.024 ETH
$37.98
|
84.6% | 0.0% | 4.0% |
|
$949,468
600.00 ETH
|
0.048 ETH
$76.12
|
4 | ||
| - |
|
Nub
|
0.099 SOL
$6.34
|
9.9% | 30.8% | 14.5% |
|
$21,132
328.37 SOL
|
1.16 SOL
$74.93
|
13 | ||
| - |
|
bitmap
|
Buy
|
0.0000 BTC
$2.83
|
0.0% | 4.0% | 36.7% |
|
$2,247,781
37.15 BTC
|
0.001 BTC
$75.33
|
26 | |
| - |
|
Non Fungible Tokens
|
0.40 SOL
$25.73
|
14.7% | 26.5% | 15.0% |
|
$85,766
1,333 SOL
|
1.15 SOL
$74.09
|
3 | ||
| - |
|
Forever Fomo Duck Squad
|
0.009 ETH
$14.88
|
4.5% | 0.0% | 75.9% |
|
$115,460
72.96 ETH
|
0.047 ETH
$73.59
|
7 | ||
| - |
|
Enigma by CyberSea x Vivid Gallery x OnChainMonkey®
|
0.003 BTC
$194.25
|
0.0% | 16.6% | 114.0% |
|
$0.00
0 BTC
|
0.001 BTC
$73.22
|
1 | ||
| - |
|
CakeMonsterLottery
|
0.15 BNB
$86.57
|
0.0% | 0.0% | 0.0% |
|
$212,278
367.80 BNB
|
0.13 BNB
$72.47
|
- | ||
| - |
|
Wassieverse
|
1.19 SOL
$76.57
|
0.4% | 5.4% | 0.7% |
|
$197,168
3,064 SOL
|
1.12 SOL
$71.88
|
1 | ||
| - |
|
The Odyssey
|
0.001 BTC
$60.51
|
0.0% | 0.0% | 0.0% |
|
$60,453
1.00 BTC
|
0.001 BTC
$72.62
|
3 | ||
| - |
|
This User... Banners
|
0.12 ETH
$183.55
|
0.0% | 16.0% | 158.0% |
|
$367,097
231.98 ETH
|
0.045 ETH
$71.21
|
1 | ||
| - |
|
Play Solana NFT
|
1.07 SOL
$68.86
|
8.1% | 0.0% | 7.9% |
|
$137,715
2,140 SOL
|
1.10 SOL
$70.79
|
1 | ||
| - |
|
Lost Poets
|
0.005 ETH
$8.70
|
0.0% | 0.0% | 7.6% |
|
$815,470
515.32 ETH
|
0.044 ETH
$69.79
|
2 | ||
| - |
|
CyberKongz VX
|
0.034 ETH
$53.80
|
0.0% | 13.3% | 78.0% |
|
$799,196
505.04 ETH
|
0.044 ETH
$69.63
|
1 | ||
| - |
|
DEVILS
|
0.39 SOL
$24.90
|
10.9% | 35.0% | 44.7% |
|
$66,844
1,039 SOL
|
1.08 SOL
$69.49
|
2 | ||
| - |
|
Time Traveling Chimps
|
0.078 SOL
$4.99
|
40.0% | 40.0% | 49.6% |
|
$16,577.91
257.61 SOL
|
1.08 SOL
$69.40
|
13 | ||
| - |
|
Retardio Cousins
|
1.17 SOL
$75.12
|
0.4% | 33.2% | 15.9% |
|
$333,849
5,188 SOL
|
1.08 SOL
$69.44
|
1 | ||
| - |
|
Fableborne Kingdoms
|
63.99 RON
$4.09
|
0.0% | 0.0% | 0.0% |
|
$29,652
463,991 RON
|
1,085 RON
$69.34
|
2 | ||
| - |
|
Patriots
|
0.29 SOL
$18.68
|
0.0% | 1.0% | 23.5% |
|
$186,611
2,900 SOL
|
1.06 SOL
$68.18
|
2 | ||
| - |
|
Candies
|
0.22 SOL
$14.37
|
0.0% | 0.0% | 32.3% |
|
$38,761
602.31 SOL
|
1.05 SOL
$67.37
|
3 | ||
| - |
|
Nuclear Nerds of the Accidental Apocalypse
|
0.007 ETH
$10.70
|
0.1% | 0.8% | 9.0% |
|
$96,223
60.81 ETH
|
0.042 ETH
$67.24
|
10 | ||
| - |
|
Kanpai Pandas
|
0.062 ETH
$98.12
|
34.8% | 0.0% | 6.5% |
|
$865,993
547.25 ETH
|
0.042 ETH
$66.62
|
1 | ||
| - |
|
Azra Games - The Hopeful
|
0.065 ETH
$102.78
|
0.0% | 22.1% | 28.1% |
|
$570,945
360.80 ETH
|
0.042 ETH
$66.46
|
1 | ||
| - |
|
RENGA
|
0.058 ETH
$92.10
|
28.2% | 0.0% | 1.0% |
|
$840,188
530.94 ETH
|
0.042 ETH
$66.28
|
1 | ||
| - |
|
Voxels (formerly Cryptovoxels)
|
0.023 ETH
$36.38
|
4.2% | 23.4% | 42.5% |
|
$290,281
183.44 ETH
|
0.041 ETH
$65.51
|
3 | ||
| - |
|
Crypto Bull Society
|
0.014 ETH
$21.59
|
0.0% | 0.0% | 12.8% |
|
$167,901
106.10 ETH
|
0.041 ETH
$65.04
|
5 | ||
| - |
|
DYLI
|
0.0000 ETH
$0.069628
|
0.0% | 0.0% | 51.1% |
|
$17,363.12
10.97 ETH
|
0.041 ETH
$65.02
|
12 | ||
| - |
|
NOWPASSV2
|
0.20 ETH
$314.91
|
2136.0% | 2136.0% | 0.0% |
|
$865,997
547.25 ETH
|
0.041 ETH
$64.97
|
8 | ||
| - |
|
Ted Trading Club
|
1.14 SOL
$73.04
|
10.1% | 3.7% | 16.0% |
|
$109,567
1,703 SOL
|
1.00 SOL
$64.35
|
1 | ||
| - |
|
Lions of Liquania
|
1.07 SOL
$68.85
|
0.1% | 1.4% | 11.1% |
|
$90,402
1,405 SOL
|
1.00 SOL
$64.29
|
1 | ||
| - |
|
Cool Pets
|
0.011 ETH
$17.80
|
28.8% | 10.4% | 22.4% |
|
$345,086
218.07 ETH
|
0.041 ETH
$64.34
|
4 | ||
| - |
|
0N1 FORCE: THE F4LL3N
|
0.0008 BTC
$48.18
|
0.0% | 27.6% | 42.7% |
|
$160,599
2.65 BTC
|
0.0008 BTC
$48.17
|
1 | ||
| - |
|
Smyths
|
1.03 SOL
$66.00
|
0.0% | 19.6% | 31.7% |
|
$293,305
4,558 SOL
|
0.96 SOL
$62.02
|
1 | ||
| - |
|
CyberBrokers
|
0.040 ETH
$62.51
|
7.4% | 52.1% | 22.5% |
|
$625,069
395.00 ETH
|
0.039 ETH
$62.03
|
1 | ||
| - |
|
Mutant Hounds
|
0.017 ETH
$26.11
|
0.0% | 0.0% | 5.7% |
|
$195,519
123.55 ETH
|
0.038 ETH
$60.13
|
2 | ||
| - |
|
BLOOD SOLUTIONS
|
2.46 SOL
$158.37
|
147.3% | 1.7% | 58.9% |
|
$37,535
583.26 SOL
|
0.93 SOL
$59.85
|
1 | ||
| - |
|
OCM Katoshi Classic by OnChainMonkey®
|
0.0007 BTC
$44.77
|
0.0% | 1.3% | 2.6% |
|
$0.00
0 BTC
|
0.001 BTC
$60.51
|
1 | ||
| - |
|
RSIC METAPROTOCOL
|
0.0007 BTC
$45.10
|
0.0% | 14.2% | 16.2% |
|
$947,051
15.65 BTC
|
0.001 BTC
$60.51
|
1 | ||
| - |
|
BEST BEFORE by Lemonhaze x ORDINALLY
|
0.0005 BTC
$28.94
|
0.0% | 40.0% | 40.0% |
|
$0.00
0 BTC
|
0.001 BTC
$60.51
|
1 | ||
| - |
|
Karafuru
|
0.025 ETH
$39.24
|
0.0% | 50.4% | 50.4% |
|
$218,005
137.76 ETH
|
0.037 ETH
$58.55
|
3 | ||
| - |
|
Sandwatch Premium Seats
|
0.32 SOL
$20.66
|
0.0% | 0.0% | 19.3% |
|
$45,901
713.26 SOL
|
0.90 SOL
$58.22
|
3 | ||
| - |
|
FTW
|
0.0009 BTC
$54.46
|
0.0% | 32.4% | 109.3% |
|
$114,371
1.89 BTC
|
0.0010 BTC
$58.09
|
1 | ||
| - |
|
DOOMONS
|
0.22 SOL
$14.13
|
0.0% | 55.6% | 63.6% |
|
$6,272.89
97.48 SOL
|
0.88 SOL
$56.88
|
6 | ||
| - |
|
Yield Hacker Pass YHP - Caio Vicentino
|
0.035 ETH
$56.15
|
0.0% | 6.2% | 48.7% |
|
$112,291
70.96 ETH
|
0.035 ETH
$56.16
|
1 | ||
| - |
|
Boryoku Dragonz
|
1.49 SOL
$95.74
|
3.6% | 0.8% | 30.5% |
|
$106,272
1,651 SOL
|
0.87 SOL
$55.99
|
1 | ||
| - |
|
The Rune Guardians - Miners
|
0.0001 BTC
$4.24
|
75.0% | 250.0% | 180.0% |
|
$42,359
0.70 BTC
|
0.0009 BTC
$55.55
|
16 | ||
| - |
|
THC ᴸᵃᵇᶻ | The Growerz
|
0.91 SOL
$58.48
|
7.8% | 6.8% | 24.2% |
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$136,552
2,122 SOL
|
0.85 SOL
$54.69
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1 | ||
| - |
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Akutars
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0.019 ETH
$30.64
|
0.0% | 0.0% | 0.5% |
|
$457,226
288.93 ETH
|
0.035 ETH
$54.74
|
2 | ||
| - |
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Ordinal SigmaX
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0.0001 BTC
$6.66
|
11.3% | 11.3% | 11.4% |
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$6.66
0.0001 BTC
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0.0009 BTC
$54.95
|
5 | ||
| - |
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sharx by sharky.fi
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0.27 SOL
$17.07
|
2.8% | 7.1% | 11.3% |
|
$172,508
2,681 SOL
|
0.84 SOL
$54.06
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3 | ||
| - |
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Lost Miners of the Ether
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0.030 ETH
$47.44
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0.0% | 0.0% | 0.0% |
|
$474,419
299.80 ETH
|
0.034 ETH
$54.12
|
2 | ||
| - |
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Desperate ApeWives
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0.023 ETH
$36.24
|
0.0% | 0.0% | 11.5% |
|
$362,366
228.99 ETH
|
0.034 ETH
$53.96
|
2 | ||
| - |
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Bulls and Apes Project - Genesis
|
0.060 ETH
$94.76
|
0.0% | 26.6% | 93.2% |
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$995,080
628.82 ETH
|
0.034 ETH
$53.80
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1 | ||
| - |
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BullsOnTheBlock
|
0.010 ETH
$15.64
|
0.0% | 0.0% | 4.7% |
|
$156,503
98.90 ETH
|
0.034 ETH
$53.80
|
4 | ||
| - |
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Golfn Season 1 Cards
|
0.86 SOL
$55.14
|
31.2% | 0.0% | 0.0% |
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$412,597
6,411 SOL
|
0.83 SOL
$53.41
|
1 | ||
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.
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