How to check the floor price of my NFTs in Phantom wallet?

What Is the Floor Price of an NFT?

The floor price of an NFT refers to the lowest-priced item within a specific collection on a marketplace. It serves as a benchmark for collectors and investors, offering insight into the current market value of that collection. Understanding the floor price is crucial when assessing the potential worth of your own NFTs. If you're using the Phantom wallet, it's essential to know how to locate this information directly through supported platforms.

How Does Phantom Wallet Support NFT Viewing?

Phantom wallet is primarily a Solana-based wallet that supports both tokens and NFTs. While the wallet itself does not display detailed analytics like floor prices natively, it integrates seamlessly with popular NFT marketplaces such as Magic Eden and Solanart. These platforms allow users to view their NFT collections stored in Phantom and access real-time data, including floor prices. To check the floor price, you must connect your Phantom wallet to one of these compatible marketplaces.

Steps to Check Floor Price Using Magic Eden

To begin, ensure that you have your Phantom wallet installed and connected to Magic Eden:

• Open your browser and navigate to MagicEden.io.
• Click the 'Connect Wallet' button located at the top right corner.
• Select Phantom from the list of available wallets.
• Confirm the connection via the Phantom extension pop-up.
• Once connected, go to the 'My Profile' section.
• Here, you will see all NFTs currently held in your Phantom wallet.
• Look for the collection name or image thumbnail corresponding to the NFT you want to evaluate.
• Visit the main page or collection-specific page for that NFT series.
• On the collection’s overview, you’ll find the current floor price displayed prominently, usually in SOL or USD equivalent.

This process allows you to cross-reference your holdings with the broader market trends associated with each NFT collection.

Checking Floor Price via Solanart

Another reliable platform for checking NFT floor prices is Solanart, which also supports integration with Phantom:

• Go to Solanart.io in your browser.
• Locate and click the 'Connect' button at the top right.
• Choose Phantom as your wallet provider.
• Approve the connection in the Phantom wallet prompt.
• After connecting, navigate to the 'My Assets' tab.
• Your full NFT portfolio linked to Phantom will appear here.
• Hover over or click on a specific NFT to open its details.
• Then, visit the collection page by clicking the collection name or icon.
• The floor price for that collection will be visible on the top or side panel of the collection page.

This method provides a second source of verification, ensuring that you’re getting accurate and up-to-date pricing data.

Additional Tools and Considerations

Beyond Magic Eden and Solanart, other platforms like Digital Eyes and Exchange.art also support Phantom wallet connectivity. While their interfaces may vary slightly, the general steps remain consistent: connect your wallet, access your NFTs, and navigate to the respective collection pages to view floor prices. Some third-party tools and trackers offer aggregated data across multiple marketplaces, but they often require manual input or linking your wallet address for real-time insights.

It’s important to verify that any external tool or website you use is legitimate and secure before granting wallet access. Always double-check URLs and avoid suspicious links shared on social media or forums.

Frequently Asked Questions (FAQ)

Can I see the floor price of my NFTs directly inside the Phantom wallet app?

Currently, Phantom wallet does not display floor prices natively within its interface. You must connect your wallet to a compatible NFT marketplace like Magic Eden or Solanart to access this information.

Why do floor prices differ between marketplaces?

Floor prices can vary due to differences in liquidity, user activity, and listing volume across platforms. A collection might have more affordable listings on one marketplace compared to another, depending on where recent sales and bids are concentrated.

Do all NFT collections have a floor price?

Yes, every NFT collection with at least one listed item for sale has a floor price. If no items are listed, the floor price may not be visible or marked as “unavailable” until new listings appear.

Is the floor price the same as the average sale price?

No, the floor price represents the lowest active listing, whereas the average sale price reflects historical transactions over a set period. These metrics provide different insights into a collection’s performance and should be considered separately.