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NFT

History Of NFT’s

Bitcoin pioneer Hal Finney first mentioned an older version from NFT in 1993. he called them “Crypto Trading Cards”.
In a forum thread, Finney referred to a definable scarcity, exclusive ownership, and origin. These concepts are
now at the center of every NFT. This discussion took place when trading card games were popular like Magic:
The encounter and Pokémon cards. The idea of ​​NFTs wouldn’t see much development until 2012 when Yoni Assia
wrote about “colorful bitcoins,” which eventually became“Colored coins”.

Built on the Bitcoin Blockchain, Colored coins created semi-fungible tokens that they were should represent real-world assets, such as real estate, commodities, and bonds. Due to the programmability of Bitcoin
limits, the concept did not take off.

One of the first iterations of NFT, “Quantum”, has been created. in 2014 by Kevin McCoy and Anil Dash and presented at the New Museum in New York. how much it was a unique blockchain token linked to a piece of digital
Graphics via Namecoin metadata. In 2015 the first.

Ethereum-based NFT called Etheria launched in Devcon 1. This is largely considered the former
truly non-fungible token. Each token represented 914 virtual land blocks, which remained largely unclaimed
and remained inactive until the 2021 NFT craze.

The term “NFT” emerged in 2017. Although little known at that time, two very important NFT projects, CryptoPunks
and CryptoKitties, were launched in 2017. In the same year, the first NFT home was sold through Propy. This scored
the first wave of popularity of NFT, which was synchronized with the cycle of the cryptocurrency market. NFTs, therefore, remained largely dormant until 2019, reflecting the bearish sentiment of the market
cycle.

But interest grew in the background as the technology has found applications. 2020 was the rebirth
year for NFT, always in the wake of a cryptocurrency market bullish cycle. Currently, in 2021, the scale of the NFT market is fantastic. Sales grew from just $ 41 million in 2018 to a staggering $ 2.5 billion in the first half of 2021,
which represents a 60-fold growth in three and a half years.

Number of NFT Projects on Ethereum

History Of NFT's
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History of NFTs

History Of NFT's
History of nft
History Of NFT's
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