The term "floor" feels outdated for the majority of new NFTs. Every time I see it on a media, commemorative, or app NFT, it almost makes the product feel broken. No way floor goes away, but I do wonder if the successful NFT products and marketplaces from the previous cycle will be held back by this in the next one.
The way around ‘floor’ is to make each NFT truly nonfungible and unique. Most collections are essentially fungies with jpegs.
I feel like a better metric might be the average sale price using some moving average, like 7 day or 30 day or something. Super easy to game though.
For art (crypto art / NFT) floors by collection do not make any sense. There are hundreds of artists on SuperRare they all get one floor. If anything we need a way to sort by value per artist across many platforms.
“sweeping the floor” sounds so personal and such a positive community web3 for all vibe doesnt it?
it seems related to the view that "NFTs = shitcoins with pictures" which is ofc very limited
ERC-6551 will reshape the concept of a 'floor' in the NFT world. When every NFT in a collection is unique, carrying diverse attributes, value can't be standardized. Imagine gaming NFTs: A gun with different mods isn't equal to its peers.