Mint Price
The price a buyer pays to acquire a newly created NFT directly from the project during its initial sale, as distinct from the floor price in the secondary market afterward.
Mint price is the price a buyer pays to acquire a newly created NFT directly from the issuing project during its initial sale (minting) event, as distinct from the floor price (see Kaavon's "Floor Price" glossary definition), which refers to the cheapest available listing in the secondary market afterward, once the NFT is being resold among collectors rather than minted fresh by the project. A project's mint price is typically set by the team in advance, sometimes through a fixed price and sometimes through a mechanism like a Dutch auction (see Kaavon's dedicated glossary entry).
Comparing a collection's secondary-market floor price against its original mint price is a commonly watched signal of how the collection's value has evolved since launch — a floor price well above mint price suggests strong, sustained demand, while a floor price well below mint price suggests the collection's secondary-market value has declined since the initial sale, information that's particularly relevant to anyone considering buying into the collection's primary mint versus its secondary market.
Examples
- An NFT collection whose secondary-market floor price sits well above its original mint price suggests strong, sustained demand has developed since the initial sale.
- A buyer deciding whether to mint a new NFT directly or buy an existing one on the secondary market often compares the project's mint price against the collection's current floor price.