Several large NFT companies and organizations are behind the creation and launch of new holidays, NFT day.
The first NFT day is September 20th. Here’s what you need to know about the holiday and the reason for the date.
NFT Day: International NFT Day is a celebration non-fungible tokens. The term non-fungible token was first coined on September 20, 2017, by Aunt Shirleywho is the chief technology officer for Lab Lab.
The date when the NFT ERC-721 standard was first proposed along with the words “non-fungible token.”
“Since then, NFTs have been at the heart of countless communities, innovations and adoption of blockchain technology – especially at Dapper!,” Dapper Labs said in an email.
Holidays include Dapper Labs, OpenSea, Flow, Ripple, Metaverse HQ, The First Mint, a16z Crypto, and Coinbase NFT of Coinbase Global Inc coins between organizers.
“NFT Day provides an annual moment for our collective industry to show everyone how the Web3 experience can add real value to what they already participate in and enjoy.”
The day includes giveaways and NFT drops according to Dapper Labs.
Related links: How to Buy NFTs
NFT History: International NFT Day website shows the NFT history timeline, which includes some items that happened before the term non-fungible token was ever muttered.
In 2014, Quantum exists printed in Namecoin’s decentralized name registration database. While Quantum was not known as an NFT at the time, it may have been the first NFT according to the website.
A key event was launched from CryptoPunks in June 2017, one of the first Ethereum ETH/USD– based on NFT collection. CryptoPunks is free to claim and has been considered among the top NFT collections and top NFT projects.
In September 2017, the first ERC-721 proposal was published by Shirley, who was the first to use the term NFT.
Dapper Labs launched CryptoKitties in November 2017, the first NFT blockchain game. The collection was very popular after its launch and helped increase the volume for Ethereum. CryptoKitties is also considered the top historical NFT collection.
The leading NFT market OpenSea also opened at the end of 2017 and has been among the pioneers in the space.
Collections such as NBA Top Shot and Bosen Ape Yacht Club were also highlighted on the NFT timeline as two of the top collections bringing new people to the NFT space.
“NBA Top Shot was launched on the Flow blockchain and is considered the spark that ignited the NFT craze,” the International NFT Day website said.
Why It Matters: Non-fungible tokens took the cryptocurrency market by storm in 2020 and 2021 with new investors entering the sector and searching tirelessly for the next hot project.
Billions of dollars flow into such collections NBA Top shot and Bosen Ape Yacht Clubwith celebrities and athletes investing and collecting together with everyday people.
Despite the bear market for crypto, NFT continues to attract investment from companies, investors and collectors.
The first-ever NFT Day celebration can highlight sectors that have been avoided lately and bring them back into focus.
Photo: NFT Day site