NFTs Have Been Around for Longer than you Think

Digital cryptocurrency based assets may be new, but the concept saw its inception in the early 2000's


I remember a long time ago when I used to play MMORPGs. I was always looking for ways to get ahead in games that required expending hours of real world time to make progress and become competitive against other players. After a while I stumbled across gold farming, the practice of purchasing virtual gold in the game for real money to purchase in game goods that can put you ahead.


Although cryptocurrency and blockchain technology did not exist at this point, this was the first iteration of NFTs as a concept. The virtual gold was a digital asset that in an of itself derives its value from an entirely digital metaverse that can be monetarily valued in fiat currency...