3 mins readBelieve it or not, it’s not always an NFT that is considered the most noteworthy thing in the world of non-fungible tokens. Just this weekend, a nugget of blockchain history was discovered when internet sleuths unearthed the first-ever documented financial transaction on the first blockchain of the world.
A user name Sabunir decided to try Bitcoin in January 2010. As a part of a test, Sabunir sold a digital picture in Bitcoin worth US$1.
Was this considered the first NFT sale in the world? Well, not really. However, this is the best example of NFTs’ use case. It preserves the ownership and provenance history of almost anything digital, and not only a jpeg.
January 24, 2010
The jpeg sale worth 500 BTC would amount to approximately US$13.7 million in the present day. If the image was tokenized as a form of NFT, this would have gone down as history’s most significant NFT to date. This image wouldn’t hold any value if it is recovered in the future.
However, if it was an NFT when it started, the world will know the original copy, and a single lucky person would have amassed wealth from it that would have lasted for generations.
BRC-20s and Bitcoin: Monthly Statistics Overview
For the past month, BRC-20s and Bitcoin Ordinals have shifted the OG blockchain to the blockchain that has the world’s second-highest volume in terms of sales. The Bitcoin NFTs are only getting started and sooner or later, it’s expected that Bitcoin will have a head-to-head competition with the all-time sales of Ethereum. There is even a possibility that they will also exceed it.
NFT Collection Rankings by Sales Volume - 7 days by Cryptoslam
Big figures are also coming in for Mythos Chain as more and more people are starting to take notice of gaming blockchain as well as their impressive products. Some gamers are surprised to learn that the field has the biggest CS: GO skins secondary market in the world together with Blankos Block Part, the new hit NFT Rivals, and a whole lot more lingering on the horizon.
By the time of this writing, three out of the top 10 collections during the 24 hours are all gaming NFTs, with the largest game makers such as Atari, Konomi, Square Enix, and Ubisoft only just starting to tap into NFTs right now.
So many things are happening beyond the NFT markets. The NFT communities and the people building them have gathered for the second VeeCon conference held annually, with Gary Vaynerchuck once again showing to the whole world Web3 and its pinnacle.
The people who support the belief that NFTs can function as collectibles, art, and access pass all in one were able to enjoy a treat when the State of the NFTs kicked off on May 18th at the Lucas Oil Stadium. CryptoSlam was also there to shake hands and fill the brains with the newest NFT happenings.
