Mint Price

Mint price is determined by the original creator of a work of art, who allows it to be published on a blockchain. Most commonly used for non-fungible tokens (NFTs), larger NFT collections typically have a ‘minting website’, where an individual can mint NFTs.

Artists determine the mint prices of artistic pieces. This is the price that an individual would need to pay in order to publish the NFT on a blockchain. For example, the widely popular collection Mad Meerkat Degen was first released on a website and, once minted, arrived on marketplaces like Ebisu’s Bay.

Key Takeaway

Mint price is the cost an individual would need to pay to publish an NFT on a particular blockchain.

Related Words

Market Cap

Market cap refers to the total dollar value of a cryptocurrency in circulation. It is calculated by multiplying the token price by the total number of tokens.

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Circulating Supply

Circulating supply is the amount of a cryptocurrency currently on the market. The number can grow or shrink for various reasons.

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TradFi

Traditional finance, or TradFi, is a conventional approach to financial activities that relies on established institutions, such as banks, insurance companies, investment companies, and stock exchanges.

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Collection Value

Collection Value is the aggregated monetary value of all the NFTs in a collection.

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NFT Sales Volume Index (7D)

The NFT Sales Volume Index (7D) shows the price and number of editions of a non-fungible token (NFT) collection sold over a 7-day (7D) period.

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Crypto Asset

Crypto assets are transferable digital representations of value made possible by cryptography and blockchain technology.

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24H Volume

24H Volume shows the number of a cryptocurrency’s tokens traded over a 24-hour time frame.

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7D

7D, short for seven days, refers to price data that has been collected for a cryptocurrency over a 7-day period.

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Floor Price

Floor Price is equal to the lowest-priced NFT in a collection.

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Gas (ETH)

Gas is the cost of a transaction on the Ethereum network.

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