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There were some NFT-like projects or "proto NFTs" that pre-date CryptoPunks; Rare Pepes, for example, was released on Counterparty in 2014. [citation needed] The economic insecurity created by the Covid-19 pandemic sharply increased trade in risky investments like NFTs. The highest NFT trading volumes were achieved between August 2021 and May ...
Spiritual Machines 2 is the tenth studio album from Canadian alternative rock band Our Lady Peace, a sequel to their 2000 art rock concept album Spiritual Machines. [1] [2] The album was produced by Dave Sitek, [1] and released through BMG's Shelter Music Group [3] in the form of a non-fungible token (NFT) on October 29, 2021.
The first known "NFT", Quantum, [24] was created by Kevin McCoy and Anil Dash in May 2014. It consists of a video clip made by McCoy's wife, Jennifer. McCoy registered the video on the Namecoin blockchain and sold it to Dash for $4, during a live presentation for the Seven on Seven conferences at the New Museum in New York City.
For art collectors, NFTs are a means of making profits. You can buy an NFT in the hope it will increase in value a few years down the line. Then you can resell it for a profit.
It had just facilitated the lending of the NFT collection Stoner Cats. Stoner Cats NFTs give their owners access to an exclusive library of video shorts produced by actress Mila Kunis.
Fetch.ai was founded in 2017 by a team from Cambridge, UK. [2]It conducted an IEO on Binance in March 2019. [2] Fetch.ai launched its native token (FET). [3] [4]In 2021, the company launched the NFT machine-learning platform for AI-generated art.
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The concept of non-fungible digital assets that could be owned on a blockchain predated ERC-721, with projects like Colored Coins on Bitcoin in 2012. [7] In 2017, just prior to ERC-721’s publication, Larva Labs launched the CryptoPunks NFT project on Ethereum using ERC-20 (a fungible token standard).