September 9, 2016
The first ever NFTs Rare Pepes were minted in Bitcoin block 428919 using the Counterparty protocol which was released in 2014 for creating and trading custom digital tokens on Bitcoin.
Rare Pepes are NFTs avant la lettre. That is they predate the coining of the term non fungible token.
A total of 1774 Rare Pepe cards have been released across 36 series.
In October 2021, a Rare Pepe NFT called 'Pepenopoulous' which was created in 2016 was sold for a record $3.6 million at Sotheby's auction.
Counterparty was launched by anonymous developers through 'proof of burn' without premine or ICO to eliminate any source of unfairness in bootstrapping and make sure that initial distribution of funds was fair and decentralized.
XCP tokens were created by sending 2140 BTC to a provably unspendable Bitcoin address. None of the funds went to the creators. XCP is used to create and trade custom user assets, security tokens and participate in prediction markets. You can read all about it in the archived article below from 2014.
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