A brief history of NFTs: From inception to global

 recognition:

What started with Bitcoin-based colored coins in 2012–2013 became a phenomenon in 2021 and is still thriving. The Ethereum blockchain had a pivotal role in popularizing NFTs.

Though 2021 turned out to be the year of  nonfungible tokens (NFTs), it wasn’t the year when the technology was invented. Kevin McCoy minted the first NFT, “Quantum,” on the Namecoin blockchain in 2014. Nonetheless, the inception of Bitcoin-based colored coins in 2012–2013 marked the beginning of the concept that led to the development of BRC-20 tokens . This idea stemmed from a paper authored by Meni Rosenfield in 2012, and it paved the way for the evolution of digital tokens on the Bitcoin blockchain.

The world, however, noticed NFTs in 2017. This was mainly due to the arrival of the Ethereum Blockchain, which overcame the limitations in the blockchains prior to it when it came to hosting NFTs. Ethereum not only provided NFTs with a reliable solution for critical things such as token crration storage, programming and trading but also lowered the entry barrier for launching NFT projects.