International NFT Day

INTERNATIONAL NFT DAY – September 20, 2022 – National Today

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NFTs are the future of digital ownership and September 20 has officially been recognized as International NFT Day. On this day in 2017, the term NFT (non-fungible token) was officially coined by Dapper Labs Chief Technology Officer Dete Shirley in the form of the ERC-721 standard.

Since then, NFTs have become not only an industry of their own, but a cultural phenomenon where communities are built and people come together. Featuring incredible sports moments, breathtaking art, passionate communities, and innovative ideas, digital expression has taken a new meaning with NFTs, and continues to have a huge cultural as well as industrial impact.

International NFT Day is all about celebrating the creators and collectors in the NFT community. It’s also a day for people to learn about NFTs and get started with their own collection. For starters, NFTs are unique cryptographic tokens or digital collectibles on the blockchain. Creating an NFT is referred to as “minting,” and the ability to possess NFTs is secure, verifiable, and in total control of the owner. Any digital asset can become an NFT: images, art, music, videos – the list is endless.

History of International NFT Day

In a short period of time, non-fungible tokens (or NFTs) have made their mark in the digital world as tradeable tokens, as well as a form of artistic expression. Add to this the fact that NFTs cannot be replicated or have their ownership manipulated, and the result is a thriving community that’s a haven for passionate creators and collectors.

What began as an exploration of how blockchain can be used has now taken a life of its own. On September 20, 2017, blockchain technology company Dapper Labs’ Chief Technology Officer Dete Shirley published a paper called the ERC-721 standard. ERC-721 would become the template for non-fungible tokens and was the first time the term “NFT” was used. In this proposal, the term ‘Non-Fungible Token’ was first introduced and has become the abbreviation used since the entity’s introduction. International NFT Day marks not only the annual anniversary of this revolutionary publication but also the actual birthday of NFTs.

NFTs have only grown since then, with early staples like CryptoPunks becoming status symbols, Bored Apes reaching mainstream recognition through influencers and celebrities, and huge platforms like NBA Top Shot showing the power of authentic licensed collectibles from major intellectual property. It’s been estimated that the NFT industry is en route to becoming an $80 Billion industry by 2025, an outlook that solidifies the notion that NFTs are definitely here to stay.

NFTs are more than just an industry, though. Their popularity goes beyond the dollar signs, becoming collectibles that people cherish and identify with. They’ve become a way for collectors to…