Floor Sweeping NFT refers to the practice of purchasing multiple non-fungible tokens (NFTs) from a particular collection or project at or near the lowest available price, often referred to as the “floor price.” This strategy is typically employed by investors wanting to acquire assets before their value potentially increases.By sweeping the floor, buyers can quickly raise the overall price of the remaining NFTs in the collection. This tactic can create a perceived scarcity, encouraging others to buy in and drive prices higher. Investors might do this to build a more valuable portfolio or to take advantage of anticipated market trends.While floor sweeping can lead to significant profits, it also involves risks. If the collection doesn’t gain popularity or value as expected, the investor may face losses. Additionally, this practice can create volatility in the market, as the rapid purchasing activity can lead to price fluctuations. Thus, it’s essential for buyers to conduct thorough research before engaging in floor sweeping tactics.