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A Brief History of NFT Art

  • 1982

    David Chaum proposes first block-chain-like Protocol

    David Chaum writes about the blockchain idea in his dissertation “Computer Systems Established, Maintained, and Trusted by Mutually Suspicious Groups.”

  • 1991

    Scott Stornetta and Stuart Haber Introduce the concept of Blockchain

    Stronetta and Haver introduce securing of chained blocks quickly followed by the introduction of Merkle trees into the design.

  • 2008

    Satoshi Nakamoto conceptualizes bitcoin

    Bitcoin.org is registered in August of 2008 and Satoshi releases a paper titled “Bitcoin: a peer-to-peer electronic cash system” in October

  • 2008

    Bitcoin Genesis Block

    As a response to the instability of reserve banking, Satashi mines the starting block of Bitcoin known as teh Genesis block.  embedded within the block was the text:  “The Times 03/Jan/2009 Chancellor on brink of second bailout for banks”

  • 2009

    Laszlo Hanyecz Buys Pizza for ₿10,000

    In what may result in the most expensive pizza purchase of all time, Hanyecz purchases two Papa John’s pizzas for ₿10,000.  This is the first known commercial transaction using bitcoin. In early 2021 dollars this would be ~$380 million.

  • 2011

    The Black Market

    Silk Road gains traction as users leverage Bitcoin for black market purchases. Bitcoin peaks to around ~$30 in june. 

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