From colored coins to a multibillion-dollar industry, NFTs have come a long way since their early days.
A brief history of NFTs can be segregated into a timeline:As mentioned, the story took off with colored coins, which were created to represent and manage ownership of real-world assets on the blockchain. They were different from Bitcoin because of the “nonfungible” element that provided them with a unique utility.
Demonstrating a humongous leap in Bitcoin’s capabilities, colored coins were composed of tiny fractions of a Bitcoin, which could be as minuscule as a satoshi. Use cases of colored coins, such as the representation of property, coupons, or usage as digital collectibles, subscriptions, shares and access tokens, helped people realize the potential of blockchains for issuing assets.
Bitcoin, however, was never intended to be used as a database for tokens, which meant that colored coins just remained at the concept level. However, the development did set off a series of experiments that culminated in NFTs. The first of the NFTs was “Quantum,” as mentioned before, an octagon-shaped animation. The arrival of Ethereum provided NFTs with the platform they required to flourish.
A major project of this period that enabled the development of digital assets was The Counterparty platform built on Bitcoin. A spectrum of “Rare Pepes” NFTs was released on The Counterparty, initiating the use case of NFT as artwork. “Spells of Genesis,” created on Ethereum, was another big NFT project after The Counterparty.Ethereum introducing a set of token standards facilitated the steady movement of NFTs toward the blockchain.
The success of the Rare Pepes was followed by Larva Labs, a software development company that launched, its own generative series of NFTs, created by John Watkinson and Matt Hall. Inspired by London punk culture, the project has 10,000 unique pieces, with no two characters resembling each other. CryptoPunks became a huge success and was the foundation of many other NFT projects, including the Bored Ape Yacht Club, one of the biggest NFT collections.
日本 最新ニュース, 日本 見出し
Similar News:他のニュース ソースから収集した、これに似たニュース記事を読むこともできます。
Top 10 crypto artist Trevor Jones on being rich, rekt and rich again: NFT CreatorTrevor Jones is one of the world's Top 10 crypto artists. trevorjonesart teamed up with the Evening Standard recently to create NFTs to celebrate the new King — 20K were minted — and his total artwork value has topped $24 million.
続きを読む »
NFTs in the academy: Fighting fake credentials and unfair wagesTinyTap CEO Yogev Shelly sees blockchain and customized smart contract protocols as crucial tools for decentralizing education and ensuring a fair experience for its stakeholders.
続きを読む »
What Is ERC-6551? Explaining the New NFT Token Standard | CoinMarketCapERC-6551 is a new token standard for NFTs that is tipped to become a game-changer for the scene. 💪 Very soon, NFTs may become more than profile pictures (PFPs). Buckle up because your NFTs are about to evolve.🔥
続きを読む »
Blue Bell, Dr Pepper Swirl Iconic Flavors Into the Most Texas Ice Cream EverTwo iconic Texas brands are joining together to fuse two classic flavors into one indulgent bite with the creation of Blue Bell’s Dr Pepper Float flavored ice cream.
続きを読む »
Will Emmitt Smith's NFL Rushing Record Ever Be Broken?Emmitt Smith is the NFL’s rushing king and there’s little evidence that anyone will ever dethrone him. Let's break down why that is.
続きを読む »
Camila Cabello’s Hair Is Now The Darkest It’s Ever BeenWho says summer hair can't be a bit goth?
続きを読む »