Glossary
Glossary: Mint
Minting is the act of creating a new token or NFT on a blockchain, writing it into existence onchain and assigning it to a wallet, thereby increasing the asset's supply.
What is Mint?
Minting is the act of creating a new token or NFT on a blockchain, writing it into existence onchain and assigning it to a wallet, thereby increasing the asset's supply.
Mint Explained
A government mint is where new coins are physically created and put into circulation. Before that, the coin simply does not exist.
Onchain minting is the same idea in code. A smart contract creates a new token or NFT, records it on the blockchain, and assigns it to a wallet. Before the mint, that specific token did not exist anywhere.
Minting is how NFT collections launch, how stablecoins issue new units against deposits, and how protocols create reward tokens. Its opposite is burning, which removes tokens from existence.
What Mint Means For
Audience | Use Case |
|---|---|
Creators and NFT projects | Launch collections by letting collectors mint tokens directly from the contract |
Protocol and token teams | Control token supply through mint mechanics tied to deposits, rewards, or emissions schedules |
Analysts and growth teams | Track mint events as core conversion and demand signals for launches |
Examples
A collector mints an NFT from a new collection's contract, paying gas plus the mint price to create token number 4,021.
A stablecoin issuer mints new units when users deposit dollars, keeping supply matched to reserves.
A protocol mints reward tokens to liquidity providers each block according to its emissions schedule.
A growth team measures a launch funnel from page visit to wallet connect to completed mint transaction.
FAQs
What does it mean to mint an NFT?
It means creating that NFT onchain for the first time, usually by paying a mint price to the project's smart contract, which generates the token and assigns it to your wallet.
What is the difference between minting and buying?
Minting creates a brand-new token directly from the contract. Buying acquires an already-minted token from its current owner, typically on a secondary marketplace.
Who can mint tokens?
Whoever the contract allows. Some contracts restrict minting to the team, others open it publicly, and many use allowlists or onchain conditions to control access.
Does minting increase token supply?
Yes. Every mint adds new units to circulating supply, which is why mint permissions and emission schedules are central to tokenomics.
What is a mint price?
The amount a contract charges to mint a new token, separate from the gas fee paid to the network for processing the transaction.
Related Terms
A/B Testing
An experiment that compares two versions of a page, feature, or campaign to see which performs better.
Account Abstraction
Account abstraction is an approach that turns blockchain accounts into programmable smart contract wallets, enabling features like gasless transactions, social recovery, session keys, and paying fees in any token.
Activation Rate
Activation rate is the percentage of new users or wallets that complete a key activation milestone, such as a first transaction, out of all users who signed up or connected within a given period.
Active Users
Active users are people or accounts that interact with a product, app, website, platform, or protocol during a specific time period.
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