TinyFaces NFT is a collection of generative whimsical 3D characters living as NFTs on the blockchain. Each character is entirely unique and is generated by combining hundreds of attributes such as color palettes, skin tones, facial traits, outfits and accessories.

TinyFaces NFT - Uniquely generated 3D characters

The lowest price at which an NFT in a collection can be bought on the marketplace.


Floor Price


## What is Floor Price?

The floor price is the lowest price at which an NFT can be bought in a specific collection on the market. It's like the cheapest ticket for a concert, but for NFTs.

## What is a floor price?

Floor prices act as a benchmark for pricing within an NFT collection. They give a quick glimpse of the collection's value in the market.

## Advantages of Floor Price

-   **Accessibility**: Makes it clear how much you need to join a collection.
-   **Market Indicator**: Shows the collection's current market standing.
-   **Price Comparison**: Helps compare different collections easily.

## Disadvantages of Floor Price

-   **Market Fluctuation**: Can change quickly, making it unstable at times.
-   **Misleading Indicator**: Doesn't reflect the value of rarer, more expensive NFTs in the collection.

## Origin of the Idea of Floor Price

The concept comes from traditional markets, like stock or real estate, where it refers to the lowest price point.

## Why is Floor Price Important?

-   **Investor Guidance**: Helps investors make informed decisions.
-   **Market Health Indicator**: Shows the overall demand and health of the NFT market.
