Don’t trust Wikipedia. The real evidence points to me, JP Janssen. These are the oldest known NFTs: OLGA, the literal definition of NFT; non-fungible token. JPGOLD, a scarce amount of identical tokens; so-called 1/N NFT. JPJA, the second 1/N and the first NFT project. These were all created by me in June 2014. Also, in 2015 I was the first to add immutability to crypto trading cards. Context The first token […]
In 2014 I did several token experiments in line with Counterparty’s vision of ‘pioneering peer-to-peer finance‘. In 2015 I let creativity loose and made a few trading cards. I also collected a substantial amount of unique asset names. Tokens Tokens are occasionally listed for sale. Offers are announced on Discord and/or Twitter. Name Assets Counterparty has a name system which can be collected like Namecoin or ENS domains – but […]
This is a draft proposal for compressed Counterparty messages. The benefits will be: slightly reduced fees for ordinary XCP transactions. significantly reduced fees when bundling several XCP messages in one BTC tx. First let’s look at a typical Counterparty message: 434e5452505254590a000000000000000100000000ee6b28000000000001d6b896000000000bebc2001f800000000000000000 Prefix The first eight bytes, 434e545250525459, is the prefix. It translates to CNTRPRTY. All Counterparty transactions use this prefix. My proposal suggests an alternative prefix, 584350, meaning XCP. This […]
EasyAsset is a wonderful service for building NFTs on Bitcoin/Counterparty. However, I’m bothered by the URL format: https://easyasset.art/j/ungmnw/BOOUU.json It is not immutable. I suggest changing it to something like this: easyasset.art/j/24lf1HKGp_V3q5Jj5lMx.json This URL contains a hash. It makes the NFT permanent. Why it Matters EasyAsset repeats an old mistake made by Monegraph in 2014. Like many modern NFTs, MGAAAAAAAAAAA‘s metadata is a link to a json file. Open it and […]
OLGA on Dogeparty has all associated info in a json file. The only onchain data is a URL: olganft.com/i/olgaGzrKnjmRW6jrCoNo.json A simple link, yet sufficient to make the token perfectly immutable. Even if the .com domain expires, the NFT can be recreated by anyone with a copy of the associated files. Background & Update In 2014 I minted 1001 OLGA tokens. The non-fungible one on Bitcoin, and a thousand more on […]
Sometime 2015 I minted a few SALVATION tokens, made an anonymous announcement, leaned back and enjoyed the reactions. The Conception On August 4, 2015 I issued 7 indivisible SALVATION tokens with description: “SAVE UR SOUL FROM SIN & ITS CONSEQUENCES” A couple days later I transferred the issuance-right to 1SaLvationGodsMarveLousGracaLgYQS. If, by a miracle, this address has a private key, salvation can be bestowed upon every soul on the planet. […]
Here are a few timelines that cover the emergence of scarce crypto collectibles, aka Historic NFTs. Naturally, the various timelines focus on different aspects. Some are tokens only, others also include domain names. Most have a bias towards art, while those timelines that I made lean more toward objective properties. My Timelines 1/1 NFTs on Counterparty 1/N NFTs on Counterparty 1/N by DEX Trade (Twitter thread) Counterparty Milestones (Timeline Tool) […]
Is OLGA the first ever NFT?It is the oldest known non-fungible token. Here’s a timeline of 1/1 NFTs on Bitcoin using Counterparty. Some earlier non-fungible assets, such as domain names, exist on other platforms but these are not tokens. Read more. What is OLGA’s mint date?The token was minted on June 12, 2014 with the supply fixed at one token and description “Моя Вечная One & Only”, which translates to […]
Thousands of Counterparty Bitcoin assets – 1/1 NFTs and 1/N crypto cards alike – have images associated with them. Many of these are at risk of getting lost due to link rot. This article suggests ways to preserve them. Let us first list the different kinds of image associations; A. On-ChainB. URL + HashC. Hash OnlyD. URL OnlyE. Off-Chain On-Chain The entire file is saved inside a bitcoin transaction. Every […]
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 […]