The early history of NFT
- 2012-2013: Colored Coins. These are tokens that represent real-world assets on the blockchain and can be used to prove ownership of any asset, from cars to real estate. The idea was to use the Bitcoin blockchain.
- 2014: Counterparty platform. Counterparty, a peer-to-peer financial platform, allowed asset creation and had a decentralized exchange, enabling users to create their own tradable currencies.
- 2015: Spells of Genesis on Counterparty. Counterparty partnered with Spells of Genesis. They were pioneers for issuing in-game assets onto a blockchain via Counterparty and also launched an ICO.
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NFTs provide a bright future. Any artist can and should tap into this powerful blockchain technology to reach new audiences that are excited to collect and appreciate their work.
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