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NFT History Infographic
The Most Significant Events That Shaped the Industry
NFT is the biggest hype today. People aren’t apathetic about it especially when it comes to millions of dollars. But before achieving such fame, let’s go to the past of NFT and identify what history it lived until it became today’s most discussed topic.
But how exactly did we get here?
The first NFT, Quantum
A digital artist Kevin McCoy minted the first-famed NFT Quantum on Namecoin blockchain. Quantum is an octagon-shaped pixelated art that pulses in a hypnotic way. Later in November 2021, the one-of-a-kind Quantum art piece sold for over million in a Sotheby auction.
3 May 2014
ERC-20 Has Been Formalized
Ethereum’s ERC-20 standard – which sets the rules for token issuances – has been finalized after being introduced in 2015. An ERC20 token is a standard used for creating and issuing smart contracts on the Ethereum blockchain. Smart contracts can then be used to create tokenized digital assets or collectibles.
11 Sept 2017
Release of Cryptopanks
The Larva Labs studio launched the Cryptopunks collection. There are a total of 10,000 Punks, each with its own distinct characteristics. Cryptopunks collection is considered one of the first and most iconic collections. The Most Expensive CryptoPunk Was Sold for M in ETH.
23 Jun 2017
Alex Atallah and Devin Finzer based in NEW York founded OpenSea which is considered the most popular and largest NFT marketplace. OpenSea value is rated at billion in the new round of venture funding. And it took just 4 years to achieve such success.
10 Jan 2017
CryptoKitties: The World’s First Ethereum Game
CryptoKitties is a blockchain game on Ethereum developed by Canadian studio Dapper Labs that allows players to purchase, collect, breed, and sell virtual cats. Each CryptoKitty is a non-fungible token that’s it’s unique and owned by the user, validated through the blockchain, and its value can appreciate or depreciate based on the market.
28 Nov 2017
The Public Launch of Decentraland
Decentraland is a 3D virtual world browser-based platform. Users may buy virtual plots of land in the platform as NFTs via the MANA cryptocurrency, which uses the Ethereum blockchain. Users can develop the land by using the Decentraland’s own editor or importing 3D models from external software.
20 Feb 2020
The Release of the NBA Topshot
Top Shot is an NFT marketplace for Basketball fans. It allows users to buy, sell and collect influential NBA scoring Moments. Moments are minted in Packs much as you’d expect from physical trading cards: you buy a pack, open it up and see what you get.
Each Moment is an NFT issued on the Flow blockchain that presents a single highlight from a great play in NBA history. People have spent more than million buying and trading digital collectibles of NBA highlights.
1 Oct 2020
Beeple Sold an NFT for Million
Digital art by the artist Beeple sold for million on Christie’s auction. The work of art is titled ‘Winkelmann’s Everydays: The First 5000 Days.’ The artwork is a collage of digital images which Beeple has taken every day since 2007, for a total of 5,000 days straight.
11 Mar 2021
The Release of BAYC
Developers from Yuga Labs launched the Bored Ape Yacht Club NFT collection BAYC is a collection of 10,000 NFT Apes, each with completely unique traits. Based on traits each ape has its rarity rank. The rarer an NFT the more expensive it is. Later the BAYC released its second collection called Mutant ape yacht club. People who owned BAYC could use serum to mint their second NFT. The community of BAYC includes celebrities such as Eminem, Justin Bieber, Kevin Hart, and many more.
Twitter launches NFT Profile Pictures
Twitter introduced a new feature that allows users to show off their NFTs, as a way to certify digital assets stored on the blockchain. The company had earlier hinted toward its plans to more fully embrace NFTs, which has become a big topic of conversation on the platform. Many crypto-enthusiasts have already set their profile picture to a photo of their NFT.
20 Jan 2022
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