NFT Day Is September 20: What You Should Know About The First Annual Holiday – Ethereum (ETH/USD)
Several large NFT companies and organizations are behind the creation and launch of a new holiday, NFT day.
The first ever NFT day is September 20. Here’s what you should know about the holiday and the reasoning behind the date.
NFT Day: International NFT Day is the celebration of non-fungible tokens. The term non-fungible token was first coined on September 20, 2017 by Dete Shirleywho is chief technology officer for Dapper Labs.
The date was when the NFT standard ERC-721 was first submitted along with the term “non-fungible token.”
“Since then, NFTs have become the heart of countless communities, innovation and mainstream adoption of blockchain technology — especially here at Dapper!,” Dapper Labs said in an email.
The vacation includes Dapper Labs, Open sea, Flow, Ripple, Metaverse HQ, The First Mint, a16z Crypto, and Coinbase NFT from Coinbase Global Inc COIN among the organizers.
“NFT Day provides an annual moment for our collective industry to show everyone how Web3 experiences can add real value to what you already participate in and enjoy.”
The day includes giveaways and NFT drops according to Dapper Labs.
Related link: How to buy NFTs
NFT’s history: The International NFT Day website shared a timeline of the history of NFTs, which included several things that happened before the term non-fungible token was ever muttered.
In 2014, Quantum was minted on decentralized name registration database Namecoin. While Quantum was not known as an NFT at the time, it may be the first ever NFT according to the website.
A key event was the launch of CryptoPunks in June 2017, one of the first Ethereum ETH/USD-based NFT collections. CryptoPunks were free to claim and have been considered among the original NFT collections and a top valued NFT project.
In September 2017, the first ERC-721 proposal was published by Shirley, which is the first site to use the term NFT.
Dapper Labs launched CryptoKitties in November 2017, the first NFT blockchain game. The collection was incredibly popular after launch and helped increase the volume for Ethereum. CryptoKitties is also considered a top historical NFT collection.
Leading NFT marketplace Open sea also launched at the end of 2017 and has been among the pioneers in the space.
Gatherings like NBA Top Shot and Bored Ape Yacht Club were also highlighted on the NFT timeline as two top gatherings that brought new people into the NFT space.
“NBA Top Shot launches on the Flow blockchain and is widely regarded as the spark that started the NFT craze,” the International NFT Day website said.
Why it’s important: Non-fungible tokens took the cryptocurrency market by storm in 2020 and 2021 with new investors entering the sector tirelessly searching for the next hot project.
Billions of dollars flowed into collections such as NBA top shot and Bored Ape Yacht Clubwith celebrities and athletes investing and collecting alongside ordinary people.
Despite a bear market for crypto, NFTs continue to attract investment from companies, investors and collectors.
The celebration of the first ever NFT Day can shine a spotlight on a sector that has been shunned of late and bring it back into focus.
Photo: NFT Day site
