How is floor price calculated NFT?

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.

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Is Minting an NFT the same as buying?

How are these two concepts different? Minting an NFT means creating something completely new. You can mint from a digital online project or convert existing items such as art, memes, poems, or music into NFTs. On the contrary, buying an NFT requires an existing item that has been minted into an NFT .

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