Non-Fungible Tokens (NFTs)
Over 30 years ago, Hal Finney – co-creator of Bitcoin – made a blog post titled "crypto trading cards" predicting the rise of NFTs in mainstream culture. In 2015, Ethereum launched and would eventually lead to the creation of the first ever crypto "trading card": the ERC-721 token. In 2017, CryptoPunks used generative algorithms to create 10,000 unique characters - they gave them away for free. Flash forward to 2022, the cheapest CryptoPunk on the market costs over $200,000, and Hollywood celebrities and venture capitalists are buying and selling NFTs in bulk. Here's everything you need to know about non-fungible tokens.