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What is Minting?

Crypto Glossary Definition

Minting typically refers to the creation of an NFT. The person who mints an NFT is the first person to own it.

Why Minting Matters

Minting is the act of creating a new token or NFT and recording its existence on the blockchain for the first time — for NFTs specifically, "minting" is the term used when a buyer purchases directly from the original collection drop, as opposed to buying on the secondary market afterward.

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Related Crypto Terms

MiningThe process by which new blocks are created on a blockchain …Mining AlgorithmThe nature of the computational work that must be performed …Mining PoolA group of miners who share their processing power over a ne…MixingAlso called 'tumbling', it is the randomizing of pool of cry…Multisig (Multisignature) WalletA wallet that requires more than one key to authorize a tran…NFT (Non-Fungible Token)An NFT is a unique piece of data stored on a blockchain. It'…
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