Yugocean
Valued Contributor
The full form of NFT is "Non-Fungible Token", this is a unit of the non-interchangeable digital asset, which is stored in blockchain.
The first ever NFT was the tradable blockchain marker, which was launched by Kevin McCoy and Anil Dash on 3 May 2014. However, the first full-fledged considered NFT was "Etheria" that was released on the Ethereum blockchain in October 2015, with 457 hexagonal tiles.
When Etheria failed to get noticed, Ethereum's developers launched awareness program in 2017, the success of awareness program resulted in launch of new NFTs, for example CryptoPunks was released by the American studio Larva Labs to trade cartoon characters, and CryptoKitties by Dapper Labs to trade virtual cats.
NFT got proper fame in the year 2020, when Covid-19 pandemic hit artists started using digital ways to promote their arts, and it was proved in the year 2021, when on March 13, 2021, Etheria's unnoticed tiles were sold in single day .for Ethereum valued nearly 1.4 million dollars.
NFT can be anything digital like image, audio, video, GIF, games, academia etc., it provides proof of ownership of the digital asset and does not require copyright.
(Simple way to understand Difference between FT and NFT)
The first ever NFT was the tradable blockchain marker, which was launched by Kevin McCoy and Anil Dash on 3 May 2014. However, the first full-fledged considered NFT was "Etheria" that was released on the Ethereum blockchain in October 2015, with 457 hexagonal tiles.
When Etheria failed to get noticed, Ethereum's developers launched awareness program in 2017, the success of awareness program resulted in launch of new NFTs, for example CryptoPunks was released by the American studio Larva Labs to trade cartoon characters, and CryptoKitties by Dapper Labs to trade virtual cats.
NFT got proper fame in the year 2020, when Covid-19 pandemic hit artists started using digital ways to promote their arts, and it was proved in the year 2021, when on March 13, 2021, Etheria's unnoticed tiles were sold in single day .for Ethereum valued nearly 1.4 million dollars.
NFT can be anything digital like image, audio, video, GIF, games, academia etc., it provides proof of ownership of the digital asset and does not require copyright.
(Simple way to understand Difference between FT and NFT)
