An NFT sale between the NFT artist and the first collector is considered a primary market sale. It’s common for NFT creators to sell their crypto art NFTs directly from their website to NFT investors and collectors. This initial sale is called a “Mint”. Once the NFT mint is completed, all subsequent sales are considered secondary market sales. Several significant NFT secondary marketplaces specialize in creating liquid NFT markets with active NFT buyers and sellers.
NFT Term
Secondary Market
Definition of Secondary Market from the NFTguild.com glossary.
