Top NFT Collection Prices Ranked by Market Cap
| # | NFT | Floor Price | 24h | 7d | 30d | Last 7 Days | Market Cap | 24h Volume | 24h Sales | |||
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| - |
|
DigiDaigaku Super Villains
|
0.085 ETH
$138.49
|
0.0% | 0.0% | 72.2% |
|
$437,356
268.08 ETH
|
0.027 ETH
$44.54
|
1 | ||
| - |
|
Apostles of Greed 🟠
|
0.0007 BTC
$43.86
|
0.0% | 0.0% | 75.0% |
|
$121,409
1.94 BTC
|
0.0007 BTC
$43.86
|
1 | ||
| - |
|
FloraForms by Harto X Belvedere
|
0.0007 BTC
$43.86
|
0.0% | 11.4% | 7.8% |
|
$438,617
7.00 BTC
|
0.0007 BTC
$43.86
|
1 | ||
| - |
|
Runelings
|
0.0003 BTC
$21.92
|
0.0% | 2.8% | 10.3% |
|
$0.00
0 BTC
|
0.0007 BTC
$43.85
|
2 | ||
| - |
|
Genesis pARticle pack
|
0.027 ETH
$44.05
|
6.9% | 32.5% | 8.1% |
|
$97,872
59.99 ETH
|
0.027 ETH
$43.89
|
1 | ||
| - |
|
Gray Boys
|
0.003 ETH
$4.10
|
14.2% | 14.2% | 50.4% |
|
$40,970
25.11 ETH
|
0.026 ETH
$42.82
|
12 | ||
| - |
|
G Tag
|
0.11 ETH
$179.46
|
0.0% | 0.0% | 120.0% |
|
$1,947,461
1,194 ETH
|
0.026 ETH
$42.42
|
1 | ||
| - |
|
MekaVerse
|
0.024 ETH
$39.06
|
0.0% | 10.3% | 3.8% |
|
$347,175
212.81 ETH
|
0.026 ETH
$42.25
|
1 | ||
| - |
|
MiFella
|
0.66 SOL
$42.68
|
0.2% | 0.5% | 9.5% |
|
$104,402
1,604 SOL
|
0.64 SOL
$41.91
|
1 | ||
| - |
|
Bitcoin Weirdos
|
0.0006 BTC
$40.72
|
0.0% | 21.5% | 195.4% |
|
$0.00
0 BTC
|
0.0006 BTC
$40.72
|
1 | ||
| - |
|
Warriors of Aradena
|
0.016 ETH
$26.25
|
0.5% | 17.8% | 44.9% |
|
$210,023
128.74 ETH
|
0.025 ETH
$40.79
|
1 | ||
| - |
|
UP NFT Collection
|
0.065 BNB
$38.59
|
0.0% | 0.0% | 0.0% |
|
$192,950
325.00 BNB
|
0.068 BNB
$40.47
|
- | ||
| - |
|
Abstract Hotdogs
|
0.008 ETH
$12.73
|
26.8% | 55.5% | 41.6% |
|
$42,429
26.01 ETH
|
0.025 ETH
$40.18
|
4 | ||
| - |
|
Honeyland Passes
|
0.57 SOL
$37.17
|
3.4% | 10.5% | 12.4% |
|
$18,397.34
282.69 SOL
|
0.61 SOL
$39.96
|
1 | ||
| - |
|
Caked Apes Official
|
0.012 ETH
$19.25
|
18.0% | 7.9% | 1.1% |
|
$171,048
104.85 ETH
|
0.024 ETH
$39.81
|
3 | ||
| - |
|
Wild Forest Units
|
0.65 RON
$0.04207208
|
5.8% | 5.8% | 85.7% |
|
$48,310
746,370 RON
|
611.65 RON
$39.59
|
92 | ||
| - |
|
Commoners
|
0.0006 BTC
$39.47
|
0.0% | 0.0% | 34.0% |
|
$394,693
6.30 BTC
|
0.0006 BTC
$38.85
|
1 | ||
| - |
|
Honey Badgers
|
0.0008 BTC
$53.26
|
0.0% | 21.4% | 6.2% |
|
$532,600
8.50 BTC
|
0.0006 BTC
$38.72
|
1 | ||
| - |
|
Blucamon
|
10.00 BNB
$5,936.93
|
0.0% | 0.0% | 0.0% |
|
$132,061,071
222,440 BNB
|
0.064 BNB
$37.91
|
4 | ||
| - |
|
Full Moon Ordinals
|
0.001 BTC
$81.46
|
9.2% | 9.2% | 0.0% |
|
$163,648
2.61 BTC
|
0.0006 BTC
$37.85
|
1 | ||
| - |
|
INK
|
0.0006 BTC
$36.84
|
0.0% | 17.6% | 22.7% |
|
$368,376
5.88 BTC
|
0.0006 BTC
$36.97
|
1 | ||
| - |
|
500k Marble Missions
|
0.61 SOL
$39.48
|
0.0% | 0.0% | 6.9% |
|
$35,534
546.02 SOL
|
0.57 SOL
$36.90
|
1 | ||
| - |
|
Mobox Avatar - Binance NFT
|
1.00 BNB
$593.69
|
0.0% | 0.0% | 696.1% |
|
$30,481,386
51,342 BNB
|
0.062 BNB
$36.74
|
4 | ||
| - |
|
Fine Pepes
|
0.0003 BTC
$18.10
|
0.0% | 3.7% | 37.6% |
|
$0.00
0 BTC
|
0.0006 BTC
$36.20
|
2 | ||
| - |
|
Candies
|
0.22 SOL
$14.53
|
0.0% | 0.0% | 32.3% |
|
$39,198
602.31 SOL
|
0.56 SOL
$36.18
|
2 | ||
| - |
|
Psychedelics Anonymous Genesis
|
0.038 ETH
$62.68
|
0.0% | 35.3% | 36.7% |
|
$601,407
368.64 ETH
|
0.022 ETH
$36.05
|
1 | ||
| - |
|
SPACE ID Badges
|
0.020 BNB
$11.87
|
0.0% | 0.0% | 25.0% |
|
$471,725
794.56 BNB
|
0.059 BNB
$35.11
|
5 | ||
| - |
|
THORdinals
|
0.0010 BTC
$60.15
|
0.0% | 97.1% | 100.8% |
|
$82,350
1.31 BTC
|
0.0006 BTC
$34.46
|
1 | ||
| - |
|
Kups by Raposa
|
0.42 SOL
$27.07
|
0.0% | 18.7% | 34.1% |
|
$264,010
4,057 SOL
|
0.53 SOL
$34.43
|
1 | ||
| - |
|
ENCHANTED MINERS
|
0.087 SOL
$5.64
|
0.3% | 5.2% | 17.7% |
|
$29,283
449.96 SOL
|
0.53 SOL
$34.41
|
7 | ||
| - |
|
Cool Pets
|
0.013 ETH
$20.49
|
11.6% | 20.5% | 13.4% |
|
$397,159
243.44 ETH
|
0.021 ETH
$33.85
|
2 | ||
| - |
|
Taproot Witches
|
0.0006 BTC
$36.91
|
0.0% | 0.2% | 48.0% |
|
$123,009
1.96 BTC
|
0.0005 BTC
$33.22
|
1 | ||
| - |
|
The Warplets
|
0.002 ETH
$2.85
|
1.0% | 4.8% | 3.1% |
|
$140,328
86.02 ETH
|
0.020 ETH
$33.20
|
12 | ||
| - |
|
The Doge Pound
|
0.054 ETH
$88.10
|
112.3% | 0.0% | 92.9% |
|
$880,792
539.89 ETH
|
0.020 ETH
$32.63
|
1 | ||
| - |
|
Galaktic Gang
|
0.041 ETH
$66.89
|
0.0% | 64.0% | 49.5% |
|
$371,555
227.75 ETH
|
0.020 ETH
$32.63
|
5 | ||
| - |
|
Kinfolks
|
0.43 SOL
$27.78
|
5.8% | 1.4% | 50.8% |
|
$115,832
1,780 SOL
|
0.50 SOL
$32.54
|
1 | ||
| - |
|
LuckySea.gg
|
0.50 SOL
$32.46
|
2.0% | 0.0% | 16.4% |
|
$67,290
1,034 SOL
|
0.50 SOL
$32.49
|
1 | ||
| - |
|
Koin Games Dev Squad
|
0.030 ETH
$48.92
|
33.1% | 7.2% | 42.2% |
|
$271,777
166.59 ETH
|
0.020 ETH
$32.07
|
1 | ||
| - |
|
Pandu Pandas
|
0.44 SOL
$28.90
|
0.0% | 1.0% | 18.3% |
|
$46,350
712.21 SOL
|
0.49 SOL
$31.89
|
1 | ||
| - |
|
Mimany
|
0.55 SOL
$35.84
|
0.0% | 10.2% | 22.9% |
|
$159,267
2,447 SOL
|
0.49 SOL
$31.89
|
1 | ||
| - |
|
Open Campus Genesis Collection
|
19.98 BNB
$11,861.99
|
0.0% | 0.0% | 15805.4% |
|
$23,724
39.96 BNB
|
0.053 BNB
$31.68
|
1 | ||
| - |
|
Ethernity's Master Collection
|
0.003 ETH
$4.40
|
0.0% | 0.0% | 0.0% |
|
$98,105
60.13 ETH
|
0.019 ETH
$31.44
|
2 | ||
| - |
|
UniWorlds: Key of Destiny
|
0.0003 BTC
$15.66
|
0.0% | 0.0% | 0.0% |
|
$283,644
4.53 BTC
|
0.0005 BTC
$31.33
|
2 | ||
| - |
|
NFToshis
|
0.010 ETH
$15.58
|
0.0% | 0.0% | 33.6% |
|
$46,735
28.65 ETH
|
0.019 ETH
$31.16
|
2 | ||
| - |
|
GEVOLs
|
0.010 ETH
$16.15
|
12.2% | 83.7% | 63.7% |
|
$143,486
87.95 ETH
|
0.019 ETH
$31.03
|
3 | ||
| - |
|
tiny dinos (eth)
|
0.009 ETH
$14.19
|
0.0% | 0.0% | 0.0% |
|
$119,068
72.98 ETH
|
0.019 ETH
$30.92
|
2 | ||
| - |
|
Dr. ETHvil's 3D FrankenPunks
|
0.020 ETH
$31.98
|
0.0% | 0.0% | 65.9% |
|
$319,727
195.98 ETH
|
0.019 ETH
$30.83
|
1 | ||
| - |
|
Toy Boogers
|
0.020 ETH
$32.30
|
0.0% | 4.2% | 164.7% |
|
$107,695
66.01 ETH
|
0.019 ETH
$30.82
|
1 | ||
| - |
|
BTC Virus
|
0.0004 BTC
$21.93
|
17.5% | 12.3% | 5.1% |
|
$219,133
3.50 BTC
|
0.0005 BTC
$30.70
|
1 | ||
| - |
|
MOSCIUN
|
0.50 SOL
$32.73
|
28.8% | 9.3% | 41.0% |
|
$109,083
1,676 SOL
|
0.47 SOL
$30.73
|
1 | ||
| - |
|
Kemonokaki
|
0.017 ETH
$28.47
|
0.3% | 2.7% | 3.1% |
|
$284,683
174.50 ETH
|
0.018 ETH
$30.18
|
1 | ||
| - |
|
Pixels Pets
|
169.00 RON
$10.94
|
0.0% | 0.0% | 5.1% |
|
$49,279
761,345 RON
|
465.00 RON
$30.10
|
2 | ||
| - |
|
Grand Arena Booster Box
|
419.99 RON
$27.18
|
0.0% | 6.5% | 16.0% |
|
$77,340
1,194,872 RON
|
464.00 RON
$30.03
|
1 | ||
| - |
|
Primates
|
0.40 SOL
$25.76
|
0.0% | 0.0% | 22.7% |
|
$257,569
3,958 SOL
|
0.46 SOL
$29.94
|
1 | ||
| - |
|
Mara
|
0.004 ETH
$6.92
|
0.0% | 15.6% | 39.2% |
|
$280,711
172.07 ETH
|
0.018 ETH
$29.36
|
2 | ||
| - |
|
Ash Chapter Two: Metamorphosis
|
0.035 ETH
$57.10
|
17.5% | 45.8% | 19.7% |
|
$312,678
191.66 ETH
|
0.018 ETH
$29.37
|
1 | ||
| - |
|
Mining Passes
|
0.0007 BTC
$42.61
|
15.0% | 153.8% | 26.1% |
|
$134,430
2.15 BTC
|
0.0004 BTC
$24.89
|
1 | ||
| - |
|
Drifella 2
|
0.37 SOL
$23.90
|
0.0% | 63.6% | 80.0% |
|
$236,627
3,636 SOL
|
0.45 SOL
$29.29
|
1 | ||
| - |
|
Trencher Packs
|
0.51 SOL
$33.42
|
0.0% | 24.1% | 6.2% |
|
$26,269
403.65 SOL
|
0.45 SOL
$29.29
|
1 | ||
| - |
|
Lil Nouns
|
0.024 ETH
$39.97
|
1.2% | 0.0% | 3.9% |
|
$307,076
188.23 ETH
|
0.017 ETH
$28.39
|
1 | ||
| - |
|
Alien Horror Apes Official
|
0.022 BNB
$13.35
|
0.0% | 0.0% | 0.0% |
|
$40,016
67.40 BNB
|
0.047 BNB
$28.18
|
- | ||
| - |
|
Friendship Bracelets by Alexis André
|
0.010 ETH
$15.50
|
11.8% | 13.1% | 20.0% |
|
$603,899
370.17 ETH
|
0.017 ETH
$27.72
|
2 | ||
| - |
|
Fukuhedrons
|
0.0005 BTC
$33.65
|
0.0% | 5.1% | 9.0% |
|
$0.00
0 BTC
|
0.0004 BTC
$27.33
|
1 | ||
| - |
|
Solana Sprotos
|
0.041 SOL
$2.70
|
38.1% | 38.1% | 3.8% |
|
$3,002.86
46.14 SOL
|
0.42 SOL
$27.40
|
12 | ||
| - |
|
SolidSkulls
|
0.45 SOL
$29.24
|
0.0% | 0.0% | 20.3% |
|
$58,567
899.93 SOL
|
0.42 SOL
$27.33
|
1 | ||
| - |
|
Kith Friends
|
0.006 ETH
$9.17
|
6.9% | 2.9% | 12.8% |
|
$28,211
17.29 ETH
|
0.016 ETH
$26.90
|
3 | ||
| - |
|
KIWAMI Genesis
|
0.008 ETH
$13.05
|
0.0% | 9.5% | 0.0% |
|
$130,497
79.99 ETH
|
0.016 ETH
$26.76
|
4 | ||
| - |
|
Yat
|
0.0009 ETH
$1.53
|
0.0% | 3.3% | 15.3% |
|
$23,272
14.26 ETH
|
0.016 ETH
$26.72
|
6 | ||
| - |
|
Aeons
|
0.0008 BTC
$49.50
|
0.3% | 1.1% | 18.1% |
|
$164,987
2.63 BTC
|
0.0004 BTC
$25.82
|
1 | ||
| - |
|
The Damned
|
0.0003 BTC
$21.30
|
0.0% | 2.8% | 3.0% |
|
$0.00
0 BTC
|
0.0004 BTC
$25.06
|
1 | ||
| - |
|
BTC OPERATORS
|
0.0008 BTC
$46.99
|
0.0% | 0.0% | 0.0% |
|
$36,515
0.58 BTC
|
0.0004 BTC
$25.06
|
1 | ||
| - |
|
Tiny Vikings
|
0.0002 BTC
$15.04
|
0.0% | 4.0% | 4.0% |
|
$300,766
4.80 BTC
|
0.0004 BTC
$25.06
|
1 | ||
| - |
|
reepz
|
0.005 ETH
$7.60
|
0.1% | 0.0% | 1.3% |
|
$37,784
23.16 ETH
|
0.015 ETH
$24.99
|
3 | ||
| - |
|
Fractal Mining Pass
|
0.0007 BTC
$42.61
|
15.0% | 153.8% | 26.1% |
|
$134,430
2.15 BTC
|
0.0004 BTC
$24.89
|
1 | ||
| - |
|
OG Satoshis
|
0.0003 BTC
$20.68
|
5.7% | 15.4% | 15.4% |
|
$43,940
0.70 BTC
|
0.0004 BTC
$24.44
|
1 | ||
| - |
|
adidas Originals Into the Metaverse
|
0.040 ETH
$64.91
|
0.3% | 0.5% | 69.5% |
|
$644,857
395.27 ETH
|
0.015 ETH
$24.47
|
1 | ||
| - |
|
Valhalla
|
0.013 ETH
$21.21
|
0.0% | 16.5% | 3.7% |
|
$190,876
117.00 ETH
|
0.015 ETH
$24.47
|
1 | ||
| - |
|
The Official Surreals
|
0.005 ETH
$7.57
|
1.0% | 1.0% | 150.9% |
|
$75,554
46.31 ETH
|
0.015 ETH
$24.19
|
4 | ||
| - |
|
sharx by sharky.fi
|
0.27 SOL
$17.33
|
0.0% | 13.0% | 10.9% |
|
$175,124
2,691 SOL
|
0.37 SOL
$24.08
|
1 | ||
| - |
|
Rune Whisperers
|
0.0001 BTC
$5.89
|
0.0% | 4.4% | 4.4% |
|
$58,900
0.94 BTC
|
0.0004 BTC
$23.81
|
2 | ||
| - |
|
Dooplicator
|
0.013 ETH
$20.88
|
0.0% | 53.0% | 0.1% |
|
$195,771
120.00 ETH
|
0.015 ETH
$23.75
|
2 | ||
| - |
|
Meta Merge Pet
|
0.50 BNB
$296.85
|
0.0% | 0.0% | 149.0% |
|
$121,310,181
204,332 BNB
|
0.040 BNB
$23.71
|
133 | ||
| - |
|
Meme Lab
|
0.0009 ETH
$1.39
|
1.2% | 3.4% | 8.6% |
|
$30,168
18.49 ETH
|
0.015 ETH
$23.69
|
6 | ||
| - |
|
10KTF Gucci Grail
|
0.014 ETH
$23.56
|
0.0% | 0.0% | 0.3% |
|
$100,192
61.41 ETH
|
0.014 ETH
$23.56
|
1 | ||
| - |
|
ai16z partners
|
0.080 SOL
$5.18
|
4.8% | 3.6% | 4.8% |
|
$28,787
442.34 SOL
|
0.36 SOL
$23.43
|
2 | ||
| - |
|
Drifters: Masterwork
|
0.39 SOL
$25.07
|
0.0% | 29.8% | 62.2% |
|
$207,616
3,190 SOL
|
0.36 SOL
$23.42
|
1 | ||
| - |
|
inbetweeners
|
0.019 ETH
$30.90
|
0.0% | 0.0% | 4.3% |
|
$332,921
204.07 ETH
|
0.014 ETH
$23.33
|
2 | ||
| - |
|
OMEN
|
0.0004 BTC
$24.63
|
6.5% | 6.2% | 0.8% |
|
$0.00
0 BTC
|
0.0004 BTC
$23.12
|
1 | ||
| - |
|
Goosinals
|
0.0004 BTC
$23.17
|
0.0% | 7.6% | 5.7% |
|
$231,715
3.70 BTC
|
0.0004 BTC
$23.11
|
1 | ||
| - |
|
Crowd
|
0.0006 ETH
$1.051
|
9.4% | 17.4% | 61.9% |
|
$37,585
23.04 ETH
|
0.014 ETH
$23.00
|
11 | ||
| - |
|
Haxz
|
0.30 SOL
$19.40
|
0.0% | 25.3% | 13.5% |
|
$64,661
993.57 SOL
|
0.35 SOL
$22.78
|
1 | ||
| - |
|
Caroots
|
0.052 SOL
$3.39
|
2.0% | 29.2% | 6.5% |
|
$16,926.98
260.10 SOL
|
0.34 SOL
$22.41
|
3 | ||
| - |
|
KILLABITS
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0.008 ETH
$13.12
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0.0% | 0.0% | 47.1% |
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$43,717
26.80 ETH
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0.013 ETH
$21.86
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3 | ||
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G*BOY Badges
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0.36 SOL
$23.42
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0.1% | 5.7% | 0.1% |
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$35,137
539.92 SOL
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0.34 SOL
$21.86
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1 | ||
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Ordinookis
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0.0003 BTC
$21.30
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0.0% | 0.0% | 12.8% |
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$74,757
1.19 BTC
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0.0003 BTC
$21.30
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1 | ||
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Kaiju Kingz
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0.014 ETH
$22.83
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0.0% | 0.0% | 1.4% |
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$228,259
139.91 ETH
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0.013 ETH
$21.21
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1 | ||
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iNFT Personality Pod
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0.012 ETH
$19.22
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0.8% | 0.8% | 0.2% |
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$189,778
116.33 ETH
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0.013 ETH
$21.21
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2 | ||
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Gh0stly Gh0sts
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0.007 ETH
$11.09
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19.3% | 0.0% | 24.5% |
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$74,206
45.49 ETH
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0.013 ETH
$21.05
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3 | ||
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posers
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0.003 ETH
$4.24
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0.0% | 0.0% | 37.8% |
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$21,184
12.98 ETH
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0.013 ETH
$20.44
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3 | ||
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Gods
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0.33 SOL
$21.49
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0.0% | 0.0% | 10.0% |
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$143,199
2,200 SOL
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0.31 SOL
$20.17
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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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