History of NFT
Before delving into the history of Crypto NFT , it is important to note that it is a relatively new concept with recent origins. Because technology is constantly evolving, this will become a technological revolution in the future due to the benefits and features it provides to people. Let’s introduce you to the origins of digital art NFT . Many people believe it is an ethereum concept, but NFT has roots dating back to 2012, using the bitcoin blockchain. Yes, you read that correctly. Few people have heard of Bitcoin blockchain, but it was the first blockchain. How did the concept of NFT develop? On December 4th, 2012, a document was released by Mini Rosenfeld which introduces the concept of “colored coins” that were issued on the bitcoin blockchain. You may ask what are colored coins, The token standard is, in a nutshell, a subset of the smart contract standard. The token standard is frequently included in the blockchain that supports smart contracts to instruct u...