How is floor price calculated NFT?

OpenSea, the largest NFT marketplace, charges 2.5% per transaction . Others, like SuperRare, charge more. OpenSea also allows creators to charge up to 10% as a royalty fee.

Minting Fees on OpenSea The costs also vary depending on the current value of the cryptocurrency you use. The first fee charged for initializing your account to start selling is between US$70 to US$300 . The second transaction that gives OpenSea access to the NFTs that you make is around US$10 to US$30.

The “floor price” in an NFT market is the lowest price of any NFT within a certain category . This doesn’t necessarily mean that you should go buy the cheapest NFT out of the entire project. Find the category you want to invest in (for example the “rare” NFTs from the project) and pick up the cheapest one.