Mint Price

What Is Mint Price?

Mint price is determined by the original creator of a work of art, who allows it to be published on a blockchain. It is most commonly used for non-fungible tokens (NFTs).

How Does Mint Price Work?

Typically, larger NFT collections 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.

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