FinTech Magazine - July 2022 | Page 16

TIMELINE

THE BIRTH OF

THE NFT

NFTs ( non-fungible tokens ) are units of data stored on the blockchain and can be anything from a simple image to a soundtrack or video

2014

NFT QUANTUM
The very first NFT was named Quantum and was created by crypto fans Kevin McCoy and Anil Dash . Quantum was essentially a video clip made by McCoy ’ s wife , which was then registered on the Namecoin blockchain . It sold to Dash for US $ 4 during a live presentation and was originally dubbed a Monetised Graphic .

2015

VALUE-ADDED NFTS
By 2015 , there was enough interest in this niche area of crypto to attract the attention of serious contenders . The very first official NFT project was called Etheria . It was launched in October of that year in London , at Ethereum ’ s very first developer conference .

2017

MONETISED GRAPHICS IS RENAMED
The familiar ‘ NFT ’ name was first proposed in 2017 by the Ethereum GitHub . Moving to rename these digital assets followed the launch of several more NFT projects that year , including Curio Cards , CryptoPunks and the 2017 online game CryptoKitties .
16 July 2022