noun
Internet Slang
primary
PRY-mair-ee · noun · informal
The creator's first sale of an NFT (the mint).
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Definitions
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The primary market — the initial sale of an NFT directly from the creator/project to the first buyer, i.e. the mint, as opposed to later resales.
“Primary was 0.08 ETH; it's 2 ETH on secondary now.”
by community
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primary In A Sentence
Primary was 0.08 ETH; it's 2 ETH on secondary now.
Origin & Usage
Finance term 'primary market' applied to NFT minting.
Variants
primary market
People Also Ask
What is primary in NFTs?
Primary is the initial sale of an NFT straight from the creator or project to the first buyer — in other words, the mint.
What's the difference between primary and secondary sales?
Primary is the first sale by the creator (the mint), while secondary sales are all later resales between collectors.
Does the creator earn more on primary or secondary?
Creators earn the full price on primary sales, whereas on secondary they only receive their royalty percentage of each resale.
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