What is a floor price?

On Arkade, you can find the floor price for any collection on the collection page. The floor price is the lowest price at which NFTs in that collection are being sold and it reflects how holders value their NFTs.

Typically, a higher floor price indicates a higher valuation of the NFTs in that collection. It's important to keep an eye on the floor price when buying or selling NFTs, as it gives you an idea of the current market value of the collection.