NON FUNGIBLE TOKENS

HISTORY OF NFTs

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The idea of NFTs emerged from what is called a “colored coin”, initially issued on the Bitcoin blockchain in 2012-2013. Colored coins are tokens that represent real-world assets on the blockchain and can be used to prove ownership of any asset. The first man to create and mint and NFT was, Kevin McCoy, on May 3rd, 2014. He minted his non-fungible token “Quantum," way before the crypto art market exploded.Even though there have been Between 2018 and 2021 NFTs slowly move into public awareness before exploding into mainstream adoption in early 2021.