Year: 2022

List of Historic NFTs With Scarce Initial Supply

This article is about Economic Grails – Historic NFTs that had their tokenomics set in stone already in 2014/15. In 2014 Counterparty jumpstarted the p2p economy by introducing custom ‘crypto currencies’ – or ‘crypto assets’ – on the Bitcoion blockchain. Anyone could issue their own tokens with parameters such as name, supply (locked or open-ended), divisibility, and meta-data. The stage was set for endless experimentation! Thousands of assets were created […]

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How to Extract OLGA’s Image From the Blockchain

An eternal token of love, OLGA’s image is stored on the most permanent medium known to man – the Bitcoin blockchain. Here I will explain how the image is encoded, and present a script which regenerates the image directly from a Bitcoin API. The Image The image is a stamp-sized .png file. A very small size was required to have it fit inside a bitcoin transaction. Base64 Encoding The file […]

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OLGA on Dogecoin (2014)

Shortly after I minted the original OLGA on Bitcoin, I made a second version on Dogecoin. Here’s the story. June 2014 Just having learned how to issue crypto assets on Bitcoin via Counterparty, I feel like surprising my girlfriend Olga with a very special token. Wanting to add a poem to it – and limited by the fifty or so character limit – I come up with the one-lined monostich […]

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A Timeline of Non-Fungible Tokens on Counterparty

Ever since 2014, NFTs have been minted on Bitcoin via Counterparty. This article focuses exclusively on NFTs true to the very definition of non-fungible — i.e. unique distinguishable tokens which by Counterparty jargon means a locked supply of one indivisible token. Only a handful of NFTs were minted each year until 2021, when usage finally went through the roof. Almost all of these NFTs have on-chain metadata which makes it […]

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Bitcoin – The First Ever NFT?

Back in 2009, Satoshi did more than just release computer code. He also painted a picture of what his invention symbolizes: 100,000,000 units make up a coin – named bitcoin. The coin is imagined to be money – peer-to-peer electronic cash. The coin is represented by a specific file – the whitepaper pdf Compare this with FDCARD, an early NFT and perhaps the first ever crypto trading card. 100,000,000 units […]

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Tips for Bitcoin NFT Archeologists

Several good timelines have been made of vintage tokens on Bitcoin. Most of these tokens are Counterparty assets. Here’s a guide on how to research Counterparty history, followed by my comments on specific tokens. DisclaimerI’m the creator of several vintage tokens. Most notable are OLGA and JPJA from 2014 and SALVATION from 2015. Some bias in inevitable but I do my best to stay objective. Xchain The only full block […]

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Counterparty News (2014)

CPNEWS (200 divisible tokens) was the last of my three 2014 financial experiments after the JPJA ebook and the JPBULL/JPBEAR bitcoin options. I made a blog, counterpartynews.com, with current events from the Counterparty ecosystem. Contributors received CPNEWS tokens at a pre-defined monthly schedule. “100 CPNEWS to be distributed monthly the first year. 50 monthly the second year, and so on. Content creators will share 90 CPNEWS, while 10 are reserved […]

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