“Sweep the floor” refers to a strategy in the buying of assets, particularly NFTs, where an investor purchases multiple items from a collection that are priced at the lowest tier. This approach can quickly raise the floor price—the minimum price at which any asset from that collection is available. By acquiring these lower-priced items, the buyer aims to create scarcity and potentially increase the value of their holdings. As more assets are bought at that lower price, the floor rises, benefiting those who hold assets from that collection.This tactic can enhance market visibility and attract more buyers, creating a buzz around the collection. However, it’s essential for investors to be aware of market dynamics and ensure that their purchases are strategic, as merely sweeping the floor doesn’t guarantee future profits.
Avalanche Treasury Co. to Go Public in $675M Deal With Mountain Lake Acquisition
Avalanche Treasury Co. (AVAT), a digital asset treasury company aligned with the Avalanche Foundation, said Wednesday it has agreed to