The floor price is the lowest 'Buy Now' price for an NFT within a collection.
For example, if the floor price for an NFT collection is 5 ETH, it means the lowest price you can pay for an NFT that is not currently in an auction is 5 ETH.
For example, if the floor price for an NFT collection is 5 ETH, it means the lowest price you can pay for an NFT that is not currently in an auction is 5 ETH.