> For the complete documentation index, see [llms.txt](https://docs.starfish.finance/llms.txt). Markdown versions of documentation pages are available by appending `.md` to page URLs; this page is available as [Markdown](https://docs.starfish.finance/defi-x-nft-fi/nft-fi/nft-tier-matrix.md).

# NFT Tier Matrix

There are more than 80,300 NFT projects on the Ethereum chain alone, and less than 0.1% percent of the projects are considered blue chips. In order to come up with a reasonable and trustable floor price algorithm, there should be a NFT Tier Matrix to categorize different types of NFT projects into classes, based on the following factors: volatility, trading volume, average trading activity, community size, team reputation, NFT utility, and project roadmap delivery.

Ultimately, NFT projects will be classified into 3 Tiers: Blue chips NFT, Average NFT, and Volatile NFT.