In 2014 I did several experiments in line with Counterparty’s vision of ‘pioneering peer-to-peer finance‘. Also, the first true NFT was minted by me that year. In 2015 I let creativity loose and made a few trading cards. The following two years I only tokenized one asset, a Pepe which got rejected. Date Token Supply Price Description 2014-06-11 JPGOLD 1000 ** First scarce 1/N 2014-06-12 OLGA 1 ∞ First 1/1 […]
From 2015 to 2017 I worked on a side-project, XCP CARDS, which aimed to be a crypto trading card platform. Although the website never grew beyond beta, it did lead to some of the first immutable NFTs. CHURCHHILL, GENET, GRAYWOLF and LOCHNESS each has a supply of 100. These tokens were created as part of my intention to notarize the entire Bitcoin trading card ecosystem. Here’s a screenshot of the […]
For my pet-project Electrum Counterparty I need to replicate the various op_return messages used by Counterparty. Beware, this blog post is very technical – not very interesting for most people – but I share my insights to other developers who may be interested. A good starting point is the counterpartylib python code. Each transaction type (also called message) has its own .py script. The overall structure is added to a […]
The token ecosystem of 2014 and 2015 is characterized by creativity and experimentation. Little money was involved at the time and a handful of visionaries, driven by ideas not greed, came up with some pretty fascinating stuff. The tokens I present here are all on Bitcoin/Counterparty, which was the dominant standard pre Ethereum. My list is by no means complete. I merely list the most exciting tokens I can remember […]
JPJA is arguably the very first 1/N NFT and possibly the first ever DeFi contract. One hundred tokens were issued with a promise of a future dividend based on the verifiable result of an underlying asset. I also made JPGOLD and the JPBULL/JPBEAR bitcoin options around the same time. Their stories are further down this article. TimelineOn 27 June 2014 I tokenized an eBook and promised a future dividend based […]
The OLGA NFT is for sale at a price of 88.88888888 BTC. The symbolism of eternal eights aside, the old money equivalent is $4,000,000 at $45,000 per Bitcoin. Here are eight reasons we think the price is fair: Olga is the first ever NFTDespite what some may claim, I have yet to see an older true NFT. Typically the earlier pre-NFT experiments were not properly tokenized. They expired and fresh […]
OLGA is perhaps the first NFT ever created. Here’s its timeline and some background information. 12 June 2014 – NFT MintedOLGA token is minted through two Bitcoin transactions. The first sets the supply at one indivisible token with description “Моя Вечная One & Only”. The second transaction locks the supply, meaning no more tokens with this name can ever be issued on the Counterparty standard.#1 View on Xchain.io and Blockchain.com.#2 View on Xchain.io and Blockchain.com.Comment: This […]
As a general token platform, Counterparty is perfectly suited for non-fungible tokens (NFTs). Crypto Token vs Art Token vs NFTBefore we start talking about NFTs it’s essential to clarify what we mean. Art tokens are a subset of crypto tokens. An art token has an on-chain description of the artwork it represents. NFTs are a subset of art tokens. Each non-fungible token must be distinguishable from all other tokens, even […]
I spent one full day pondering before concluding the best answer is “Neither”. An NFT is essentially an autograph. An Art NFT has the artist’s artwork linked to the token to magnify the value proposition of the autograph. Autograph is more than an analogy to the handwritten original. Crypto in its core is made up of signatures. Every time you spend Bitcoin, Ether, or any other crypto token, you sign […]
Shortly after OLGA was discovered, this fact was added to the Wikipedia NFT article. The exact text was; A single-unit coin was minted with the name OLGA and the description “One & Only”. It was minted at the following time 2014-06 12T19:19:02:107 GMT. This is the first true NFT ever minted. Sources backing up the claim were also included. Believe it or not, all references to OLGA are now removed […]