What Does Sweep The Floor Mean In NFT?

What Does Sweep The Floor Mean In NFT?

What Does Sweep The Floor Mean in NFTs?

“Sweep the Floor” in NFT is one of the jargon. It can be applied to both buyers and project owners. If the buyer does sweep the floor, it means that they purchased all the tokens or the respective project NFTs.

If the project owner does sweep the floor, it means that they purchased all NFTs of the project at the floor price. Here floor price means the minimum price of NFTs.

This means that tokens or NFTs are brought in a bulk manner. Generally, buyers sweep the floor because they find out that the price or market value of Tokens is increasing day by day.

   

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