Don’t worry if that sounds confusing! NFTs are just digital collectibles that exist on the blockchain. Any digital asset can be made into an NFT: Photos, art, music, video, and more. When you create an NFT, that’s referred to as “minting” an NFT. Identity, self expression, and ownership is in our hands like never before. Learn more about the NFT basics in OpenSea’s article, “What is an NFT?"
NFTs can live in different places depending on the blockchain they are minted on. On Ethereum, NFTs are held in smart contracts with ownership pointing towards your wallet address, similar to how a bank holds your $5, but knows it belongs to you. NFTs can also “live” in your wallet by utilizing a resource-oriented paradigm, like Flow blockchain - think of it as a $5 bill that is actually in your wallet.
As long as you have a wallet, you have access to your NFTs. There are a lot of wallet options but here are some recommendations to get you started: Metamask (Ethereum), Dapper (Flow), XUMM (XRP Ledger). Fun fact: You can now connect several different wallets to Instagram to show your NFT collection on your profile.
What makes NFTs special is the ability to prove ownership, meaning an NFT can’t be replicated, changed, or moved without the owner's permission. This provides a new level of security and utility to digital assets. NFT Projects have taken this concept in many directions, such as authenticating ownership of an NFT to provide access to exclusive events, rewards, airdrops and a range of other forms of utility. All of this is made possible through the public and decentralized ledger that is the blockchain.
All it takes to start collecting is to open a wallet that’s compatible with the NFT you’re interested in, adding the currency you need to purchase that NFT you have your eye on, and a marketplace or drop page to purchase from. Some NFT projects have their own primary marketplace, while there are other collective marketplaces like OpenSea and Rarible, among others, that feature NFT collections from multiple blockchains and creators. You can also visit NFT project directories, like Flowverse (specializing in Flow) and DappRadar (multi-chain coverage).
September 20, 2017, is the day Dapper Labs Chief Technical Officer, Dete Shirley, published ERC-721, which is the standard from which NFTs are built. In this proposal, the term Non-Fungible Token was first coined. Since then, NFTs have taken on a life of their own, featuring incredible sports moments, breathtaking art, passionate communities, and innovative ideas. In many ways, September 20th is the day NFTs were born, and that’s why we’re celebrating.
Looking for one of the easiest ways to mint your very own NFT? Even if you don’t currently own a wallet, within minutes you can be all set up and ready to mint your very first NFT on Rarible – completely free – on Flow with a Blocto wallet. Bring your original art and photos to blockchain, completely free, with a frictionless experience. Then, you can sell them on Rarible’s marketplace, or keep them in your wallet and hold onto your very own digital collectibles.
OpenSea is the world’s biggest marketplace for NFT collections. If you’re a creator interested in minting your own collection of NFTs, OpenSea offers an easy way for creators to get started. Their full suite of tools make it easy for creators to mint the NFT collection of their dreams, meaning there’s no coding or development time required. Read more about minting in their “What is Minting” article or follow their guide to create an NFT!
Building an NFT project is easier than you think! Get started right away by diving into a hands-on coding project, or sign up to our online workshop, where you’ll learn about the tech behind an NFT project as well as a comparison across chains for a more complete understanding.
Celebrate NFT day with an exclusive NFT! We’re giving out a completely free to claim NFT to anyone who wants one on September 20, 2022, minted on the environmentally-friendly Flow blockchain.
Collect your NFT Day FLOAT with Dapper and automatically be entered into a drawing to win NFT Day merchandise.
The First NFT Smart Contract Goes Live
Etheria launched the first ever NFT Smart Contract, including the first virtual land AND first pixel NFTs, on the Ethereum blockchain. The First NFT Smart Contract Goes Live
Larva Labs Launches Free to Claim Cryptopunks
The Larva Labs team launched the first algorithmically generated project “Cryptopunks,” a collection of 10,000 NFTs that were free to claim. Now, they’re considered NFT history as one of the first standout profile picture collections.
NFTs are Born with ERC-721 Proposal
The first draft ERC-721 proposal was published by Dapper Labs CTO Dete Shirley, which included the first formal usage of the term NFT.
CryptoKitties Claw Their Way onto Ethereum
Dapper Labs launched the first NFT blockchain game “CryptoKitties.” These furry NFTs became so popular they crashed Ethereum by causing unprecedented transaction volume on Ethereum shortly after launch.
Sailing the OpenSea
OpenSea, the first NFT marketplace, goes live. OpenSea is the largest marketplace, becoming a melting pot for creators, collectors, and everyone else in the NFT space.
NFT.NYC Conference Kicks Off
The first NFT.NYC conference is held, kicking off a yearly event that’s become a huge celebration for the entire NFT community.
Flow Blockchain Becomes Operational
Proof-of-stake blockchain Flow, designed and built by Dapper Labs – the same team that broke Ethereum with the CryptoKitties NFT craze – becomes operational.
NBA Top Shot is Nothing But Net
NBA Top Shot launches on Flow blockchain and is widely considered the spark that sets off the NFT craze. Since launch, NBA Top Shot has generated over $1 Billion in secondary market sales, becoming a beacon of mainstream user adoption for NFTs.
Bored Apes Live on the Blockchain
Bored Ape Yacht Club goes on to become one of the most recognizable NFTs in the space. Not only do NFT collectors rally around the Bored Ape Yacht Club, but celebrities, influencers and more collect and share their Bored Apes as a status symbol.
NFTs are More Than Doodles
Doodles come to colorful life, another highly-influential generative profile picture NFT project. Their huge success leads to Pharrell Williams being named the Chief Brand Officer of Doodles.
NFT Day Becomes an Officially Recognized Holiday
Five years after ERC-721 is published NFT Day becomes an officially recognized holiday.