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.
