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> NFTs are only 3 years old No they're not. I co-founded Fabrica.land in 2017, and in mid 2018 we used an NFT to perform a real estate transaction. That's alr
by simonebrunozzi 5y ago
> NFTs are only 3 years old
No they're not.
I co-founded Fabrica.land in 2017, and in mid 2018 we used an NFT to perform a real estate transaction. That's already 3.5 years, and NFTs were already around.
The first transaction was a bit "rough", but perfectly valid. Lot of progress since then.
From [0]: The ERC-20 (Ethereum Request for Comments 20), proposed by Fabian Vogelsteller in November 2015, is a Token Standard that implements an API for tokens within Smart Contracts.
Note: yes, ERC-20 has a few flaws [1], and subsequent ERC have improved on it.
[0]: https://ethereum.org/en/developers/docs/standards/tokens/erc-20/ https://ethereum.org/en/developers/docs/standards/tokens/erc...
[1]: https://github.com/ethereum/EIPs/issues/20 https://github.com/ethereum/EIPs/issues/20
- TigeriusKirk 5y agoERC-20 is for fungible tokens, not NFTs, as I'm sure you know. If you want to trace that idea back, you can go to Vitalik's colored coins idea for bitcoin that predates Ethereum all together. But yes, it's true that NFTs are older than 3 years old. I thought that was an odd statement.
- 70rd 5y agoAn ERC-20 token with supply of 1 is non-fungible.
- simonebrunozzi 5y agoBefore ERC-721, the first non fungibles used ERC-20. Useful recent discussion here [0]. [0]: https://levelup.gitconnected.com/which-one-to-choose-erc-20-vs-erc-721-vs-erc-1155-ethereum-token-smart-contract-red-pill-9bb827148671 https://levelup.gitconnected.com/which-one-to-choose-erc-20-...