WHAT IS MINT AND MINTING NFT
The word “Mint” literally means to coin, a term traditionally associated with the creation of physical currency. In crypto, when you’re “minting” a token or a NFT, it means you’re creating that NFT or token on whichever Blockchain you’re working with.
The process varies depending on the Blockchain you’re working with, but the concept of minting is the same across all of them.
On the Solana network, NFT are minted on “mint sites“: pages built specifically for minting.
The fee to mint is typically 0.02 SOL, which is pretty low compared to what you’d pay on other networks like ethereum.
Once a NFT collection is minted, it gets listed on the Secondary Market. This means marketplaces where holders and buyers can trade them freely. The most common ones are Magic Eden, Hadeswap, and Coral Cube.
Beat your competitors?
Join our Newsletter for weekly Blockchain updates tailored to web3 builders.
