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There were some NFT-like projects or "proto NFTs" that pre-date CryptoPunks; Rare Pepes, for example, was released on Counterparty in 2014. [citation needed] The economic insecurity created by the Covid-19 pandemic sharply increased trade in risky investments like NFTs. The highest NFT trading volumes were achieved between August 2021 and May ...
NFTs, or non-fungible tokens, were first introduced in 2014. But it wasn't until famed auction house Christie's sold Beeple's Everydays: The First 5000 Days for $69.3 million that people, beyond a...
It seems like only yesterday that the crypto community was bemoaning the siloed design of blockchains. Thankfully, the industry moves at something approaching warp speed, and a number of recent ...
Non-fungible tokens have been a hot topic of discussion during the past two years. Some pieces in popular collections, like the Bored Ape Yacht Club, have sold for millions of dollars. Artists have...
The concept of non-fungible digital assets that could be owned on a blockchain predated ERC-721, with projects like Colored Coins on Bitcoin in 2012. [7] In 2017, just prior to ERC-721’s publication, Larva Labs launched the CryptoPunks NFT project on Ethereum using ERC-20 (a fungible token standard).
The project was built on top of the Flow blockchain. [132] In March 2021 an NFT of Twitter founder Jack Dorsey's first-ever tweet sold for $2.9 million. The same NFT was listed for sale in 2022 at $48 million, but only achieved a top bid of $280. [133]
Until the end of the project on October 29, the total raised amount reached $11.7 million, and the number of people participating in the project was 4,632. [ 62 ] [ 63 ] 51
Actual use of the word "NFT" was not known prior to ERC-721 for NFT-related projects. [35] The decision to formally include the word choice of NFT / Non-fungible Token in the final publication was made after Entriken held a vote among the stakeholders involved for the possible words they believed would be best to use in reference to the concept ...