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secondary
What does secondary mean?
The secondary market where NFTs are bought and sold after the primary mint, e.g. on OpenSea; where floor prices and royalties play out.
"Missed the mint? You'll have to buy on secondary."
Origin
Finance term 'secondary market' applied to NFT resales.
Frequently asked questions
What is secondary in NFTs?
Secondary is the resale market where NFTs trade after the initial mint, on marketplaces like OpenSea, and where floor prices and royalties come into play.
What's the difference between primary and secondary?
Primary is the creator's first sale (the mint), while secondary is every resale between collectors that happens afterward.
Why buy on secondary instead of minting?
If you miss the mint or the project is already established, secondary is the only way to buy, letting you pick specific traits at the current market price.
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