DeutschWhat is NFT sweeping? In the crypto scene, the term refers to the purchase of all the cheapest NFTs in a particular collection. Professional traders, in particular, use the strategy to make a profit. They focus on valuable NFT collections such as BAYC.
NFT sweeping is also known as Sweep The Floor. In German, this means: “Wipe the floor.” By buying the cheapest artworks in an NFT collection up to a predefined value, traders practically increase the floor price. The aim of the measure is to drive up the trading value of a collection.
The NFTs acquired are then resold by the trader for profit. The strategy is similar to NFT sniping. In the past, users mainly used the Genie.xyz and Gem.xyz platforms. Since October 2022, Blur has enjoyed enormous popularity. Sweeping is made easier than ever for users on the NFT marketplace.
