While all eyes were on Bitcoin for years, these NFTs developed along the sidelines at breakneck speed.
And in this article we are going to show you 5 of the oldest NFT projects.
CryptoPunks was realized by LarvaLabs, two creative techies who did see a future in blockchain technology combined with NFTs. Besides CryptoPunks, they have other projects, but they became less successful than these pixelated NFTs on Ethereum's blockchain.
It's not your computer, but these cryptopunks are indeed pixelated figures. They are part of an entire collection of as many as 10,000 unique pieces.
Not only is this a big hype in the world of crypto, but these CryptoPunks are seen as new, modern art.
Are you wondering now what these pixelated images are worth? CryptoPunk with number #3100 is for sale for a whopping $91 million. A huge amount, but this one hasn't sold yet. One other CryptoPunk did turn out to be worth a lot. In March of 2021, it was sold for 4,200 Ethereum, which was equivalent to well over $7.5 million. That puts it in the top 5 most expensive NFTs ever sold.
Not convinced yet? Maybe you're getting FOMO now that you know that none other than VISA has invested $150,000 in CryptoPunks.
Were you the hero or heroine who could keep your Tamagotchi alive? Then CryptoKitties might be worth considering.
CryptoKitties is a blockchain-based virtual game that allows players to adopt, raise, trade and yes, even breed virtual cats. Cats, on a blockchain. From pure technology to the first interactive blockchain game.
The game is one of the first game-inspired decentralized applications, better known as dApps. This is an important part within the world of crypto and the further development of decentralized finance (DeFi). Specifically, this means that no one owns this game, but it is organized by all players. So you really own this virtual cat. Playing online with kittens, earning money with it and determining the future of the game at the same time? Yes, welcome to the world of blockchain technology and NFTs!
The game runs on Ethereum's blockchain and saw an explosion of players in 2017. The fact that you can make money with an online game brought a lot of people toward the world of NFTs. More than $12 million was reportedly once paid for the purchase of one kitten.
Does your free time also consist of watching memes? Memes, the random pictures with the most playful sayings, are unmissable. We use them daily and the harder we laugh, the better.
Back in 2017 when NFTs were the latest crypto trend, memes were also prevalent. Through the platform Peperium, memes were created and traded on Ethereum's blockchain. It was a veritable "meme marketplace" where anyone could create memes that would last forever.
Little remains of both the platform and Peperium's reputation. These have given way to other NFT projects we know today. Then just keep forwarding memes instead of trading them, a cheaper solution too.
Etheria is not the name of a Greek Goddess, but rather an interactive game built on Ethereum's blockchain. When you play a game, the creators can change the rules just like that. Have you just found all those cheat codes in the dark corners of the Internet, then you are nothing with them because the whole game has changed. Recognizable? Then blockchain games are your thing!
Currently, we have several NFT games such as Decentraland. Etheria is considered a primitive version of Decentraland where you could buy and sell virtual land tiles. This also laid the foundation for what we now know as GameFi: a comprehensive game platform that uses NFTs that you can use in several games at once.
Imagine being able to take Spyro the flying dragon as a means of transportation in Crash Bandicoot. In the world of blockchain technology and NFTs, it would be possible!
According to some sources, NFTs may even have originated in the early years of crypto with the Colored Coins. These colorful coins were not a political statement, but merely Bitcoins that were given a different color.
The reason? Everyone naturally wants something unique and therefore special.
They were colored to distinguish them from the other Bitcoins. With this, of course, they hoped it would be worth many times more than the current coins. Not shot is always wrong, right?
It was an attempt to extend Bitcoin's functionality that would allow other currencies to exist on Bitcoin's blockchain. But then where is the link to NFTs?
These colorful coins look anything but like the NFTs we know today, but with the hype that has been created since 2017, they obviously want to establish themselves as trendsetters. After all, having started an entire trend is a nice story!
They themselves have explained exactly what then is the link to NFTs, namely: when a payment is made with one of these colored tokens, ownership of this token is transferred to another person, just as it is done with an NFT token.
Of course, you can apply this philosophy to any transaction. Still, these are said to have opened the door for further experimentation with the same philosophy and to have laid a foundation for NFTs.
So from now on, shall we agree that we have also laid the foundation for the application of NFTs in the world of online marketing?
Written by: Daniel Kuipers
Daniel is the founder of Online Marketing Agency. He constantly scours the Internet for the latest gadgets and tactics and blogs about them in understandable language. Well, sometimes.