👋Hey Nimbus Community,

Everyone wants to get their hands on the next Cryptopunks or Azuki's before it's too late to Ape. But how do you define a value of an NFT? How do you know that an NFT is even valuable?

Although evaluating an NFT is complex as it depends on many factors, including utility and other factors. This is where the metric ✨The Floor Price✨ comes into play. 

🧮 Who sets the floor price? The creator is usually the one who sets the floor price. It can also be set by someone who owns an NFT in a particular project and decides to list it for sale on a secondary market at a lower price than the other sellers in that project.

⚠️It’s important to note that the floor price is volatile, which means that you should be prepared for unexpected rises and drops. In time, as a collection becomes famous, the floor price rises as well. As the lowest asking price you can pay for an item in a collection (unlike the average price), provided it’s not in auction at that time, the floor price is updated in real-time. 

💡Tracking floor prices is important and challenging, especially if you want to flip NFTs. NFT floor price tracking tools can help with that.

Here are some NFT evaluation tools that should help you keep on top of your game:
☑️For checking the floor price of your NFTs (Opensea) all at once: https://floorchecker.com
☑️For finding the latest NFTs that are being aped on the most: https://www.apefinder.app
☑️For researching/tracking the rarity of an NFT: https://chrome.google.com/webstore/detail/rarity-tool-researcher/gagfonbgflhdcnlefcmlpcblpkflkaf