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1 results

  • 1 - A Brief History of NFTs

  • from Part I - Introduction and Background
  • Edited by Nizan Geslevich Packin, Baruch College (City University of New York)
  • Book:
    The Cambridge Handbook of Law and Policy for NFTs
    Published online:
    02 November 2024
    Print publication:
    17 October 2024, pp 10-37

  • Summary

    For better or worse, non-fungible tokens (NFTs) are the most peculiar and least expected art market innovations of the early twenty-first century. This chapter provides a brief history of NFTs and the NFT market, beginning with the invention of blockchain technology, through the creation of the Bitcoin, Namecoin, and Ethereum blockchains, and the NFT phenomenon. It describes a selection of NFT projects and artists and provides a theoretical account of both the art market and the NFT market.