Breaking News
Investing Pro 0
Cyber Monday SALE: Up to 54% OFF InvestingPro+ CLAIM OFFER

NFT Turns Five: Creators and Collectors Celebrate Intl. NFT Day

Cryptocurrency Sep 20, 2022 10:30AM ET
Saved. See Saved Items.
This article has already been saved in your Saved Items
 
NFT Turns Five: Creators and Collectors Celebrate Intl. NFT Day

  • On September 20, 2017, the term “non-fungible token” was coined.
  • Dapper Labs’ CTO, Dete Shirley, created this term.
  • OpenSea is celebrating the day by highlighting some historic NFT projects.

With the burgeoning popularity of NFTs, September 20 is marked as International NFT Day. This celebration began five years ago on this day, when Dapper Labs’ CTO, Dete Shirley, coined the term “non-fungible tokens.” Shirley proposed the term in a paper he released, the ERC-721 standard, which eventually became the framework for NFTs.

International NFT Day is about honoring the NFT community’s creators and collectors. Moreover, celebrating this day encourages people to learn about NFTs and develop their own collections.

While celebrating the fifth anniversary of NFTs, Dapper Labs commented,

Since then [September 20, 2017], NFTs have become the heart of countless communities, innovation, and mainstream adoption of blockchain technology — especially right here on Dapper!

The NFT industry is estimated to be a $231 billion behemoth by 2030, and that’s too big a business to be ignored, believes Tarusha Mittal, COO and co-founder of UniFarm, a multi-token reward-taking program.

However, NFTs would become more than merely an industry. Their appeal extends beyond valuation, as they become collectibles that people cherish and identify with. Edul Patel, CEO & Co-Founder of crypto platform Mudrex reiterated this statement by stating,

They [NFTs] are capable of replacing the physical paper documents in every sector, ensuring better security. NFTs will soon be a part of our everyday lives for their unique way of proving ownership.

We are very close to a day when NFTs will be as widespread as, if not more prevalent than, credit cards, reckons Kameshwaran Elangovan, co-Founder & COO, GuardianLink. Elangovan expects that users will get so accustomed to NFTs’ convenience, dependability, and transparency that they will become the de facto standard for digital collectibles and gaming assets.

NFT enthusiasts throughout the world are celebrating International NFT Day with creative approaches. For instance, OpenSea NFT marketplace highlighted some historic NFT projects on their homepage.

The post NFT Turns Five: Creators and Collectors Celebrate Intl. NFT Day appeared first on Coin Edition.

See original on CoinEdition

NFT Turns Five: Creators and Collectors Celebrate Intl. NFT Day
 

Related Articles

Add a Comment

Comment Guidelines

We encourage you to use comments to engage with other users, share your perspective and ask questions of authors and each other. However, in order to maintain the high level of discourse we’ve all come to value and expect, please keep the following criteria in mind:  

  •            Enrich the conversation, don’t trash it.

  •           Stay focused and on track. Only post material that’s relevant to the topic being discussed. 

  •           Be respectful. Even negative opinions can be framed positively and diplomatically. Avoid profanity, slander or personal attacks directed at an author or another user. Racism, sexism and other forms of discrimination will not be tolerated.

  • Use standard writing style. Include punctuation and upper and lower cases. Comments that are written in all caps and contain excessive use of symbols will be removed.
  • NOTE: Spam and/or promotional messages and comments containing links will be removed. Phone numbers, email addresses, links to personal or business websites, Skype/Telegram/WhatsApp etc. addresses (including links to groups) will also be removed; self-promotional material or business-related solicitations or PR (ie, contact me for signals/advice etc.), and/or any other comment that contains personal contact specifcs or advertising will be removed as well. In addition, any of the above-mentioned violations may result in suspension of your account.
  • Doxxing. We do not allow any sharing of private or personal contact or other information about any individual or organization. This will result in immediate suspension of the commentor and his or her account.
  • Don’t monopolize the conversation. We appreciate passion and conviction, but we also strongly believe in giving everyone a chance to air their point of view. Therefore, in addition to civil interaction, we expect commenters to offer their opinions succinctly and thoughtfully, but not so repeatedly that others are annoyed or offended. If we receive complaints about individuals who take over a thread or forum, we reserve the right to ban them from the site, without recourse.
  • Only English comments will be allowed.

Perpetrators of spam or abuse will be deleted from the site and prohibited from future registration at Investing.com’s discretion.

Write your thoughts here
 
Are you sure you want to delete this chart?
 
Post
Post also to:
 
Replace the attached chart with a new chart ?
1000
Your ability to comment is currently suspended due to negative user reports. Your status will be reviewed by our moderators.
Please wait a minute before you try to comment again.
Thanks for your comment. Please note that all comments are pending until approved by our moderators. It may therefore take some time before it appears on our website.
 
Are you sure you want to delete this chart?
 
Post
 
Replace the attached chart with a new chart ?
1000
Your ability to comment is currently suspended due to negative user reports. Your status will be reviewed by our moderators.
Please wait a minute before you try to comment again.
Add Chart to Comment
Confirm Block

Are you sure you want to block %USER_NAME%?

By doing so, you and %USER_NAME% will not be able to see any of each other's Investing.com's posts.

%USER_NAME% was successfully added to your Block List

Since you’ve just unblocked this person, you must wait 48 hours before renewing the block.

Report this comment

I feel that this comment is:

Comment flagged

Thank You!

Your report has been sent to our moderators for review
Continue with Google
or
Sign up with Email