How did non-fungible tokens change from niche crypto collectibles to a multi-billion dollar business? Before 2021, NFTs were a fringe asset. Over the last 10 years, developers and crypto enthusiasts periodically experimented with non-fungible tokens, from the Rare Pepes that were created on Counterparty as early as 2012 to the now legendary Crypto Punks. Few outside the blockchain ecosystem had heard of them.
Day: May 10, 2022