We all heard of NFT at some point, yes? But did you ever wonder how they came about? Who minted the first one and what was it?
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We all heard of NFT at some point, yes? But did you ever wonder how they came about? Who minted the first one and what was it?
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The idea or concept is said to have stemmed from a paper written by a Machine Learning specialist, Meni Rosenfield in 2012. He called it Colored Coins on the Bitcoin blockchain. But the project was pushed in the background.
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In 2014, Quantum was minted on the Namecoin blockchain by Kevin McCoy. It's said to be the first-ever NFT. McCoy and Anil Dash collaborated and they referred to digital assets as Monetized Graphics at that time.
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Little did they know that they unwittingly started something that would soon become a multi-million dollar industry.
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More about these on today's article:
https://leofinance.io/posts/ifarmgirl/did-you-know-how-nfts-came-about
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#gosh #nfthistory