Topic: The Historical NFT Speculation & Appreciation Thread (Read 813 times)

Quoting this from another thread which recently turned 10 years old:


For me, these types of tokens are the funnest to try to collect:

https://xchain.io/asset/BOMB

Unfortunately the only one for sale via dispenser is too expensive -- it gives it a market cap of $774,660,335 or 11,645 BTC, because the supply is so high. Still, its an early part of Bitcoin history. It has nothing to do with art or jpegs. It is just a "first of its kind"-type of token use case, which I think gives it some value as a collectors item.

Dogeparty Curated Collection on Emblem Vault is Right Around the Corner



The Emblem Vault team appears to be just about ready to roll out the Dogeparty Curated Collection for $DOGE assets on OpenSea and other ETH-based NFT marketplaces. What does this mean? It means a lot more exposure & liquidity for rare & ancient Dogeparty assets created between the years of 2014 and 2015.

With any luck, we will see a resurgence in interest in vintage Dogeparty assets; anything like with what followed with Rare Pepes when they got their own migrated collection would be fantastic. Been getting offers on 'em all the time since their collection opened last year.

Time to vault some Dogeparty assets? Yes. There's only 1 up there right now, you should have at it while its still fresh.

RAREPEPE Back to $200k Floor

The face of the Rare Pepe series on Counterparty, S1C1 RAREPEPE has once again surpassed a floor price of $200k, rendering it one of the most expensive NFTs on Bitcoin.



The last sale of a Rare Pepe on OpenSea took place on Aug 31st, fetching 55 ETH. This equates to a relatively-massively discounted price of roughly $90,475 at the time. Once one or more sales takes place on other marketplaces, the new floor could be as high as $400k, signifying a return to greatness for the Historical NFT scene and all Rare Pepes, as well.

New Counterparty Timeline Highlights Platform's Milestones

The following link is an interactive timeline that includes all the major projects, tokens and developments that happened on Bitcoin's Counterparty platform between 2014 - 2023:

https://time.graphics/line/858561

It covers notable early tokens like TEST, SEBUH, OLGA, JPJA, and projects like NILIcoins, Spells of Genesis, Sarutobi, Rare Pepe, Bitcorns, and Kaleidoscope.



A lot of project/token creators had/have presences on the forum -- some are gone, but a few are still active, such as nili, who was one of the first people ever to experiment with tokenized art projects.

The timeline was developed by davesta, who is a Rare Pepe artist and now one of the most active Counterparty ambassadors. He's a real cool dude and if you're on Twitter I recommend giving him a follow.

There is of course a lot of hype currently surrounding Ordinals, leading a lot of people to believe that this was the first time Bitcoin had NFTs. Well, that's not true at all: Counterparty has been doing it since 2014 and continues to this day with projects like Fake Rares, Notable Pepes, Bassmint, and others.

Dogeparty to Get Curated Collection on Emblem Vault

After the successful transition of vaulted Rare Pepes to their own curated collection, the Emblem Vault team is setting their sights on doing likewise for Dogeparty assets. This will help assure that the contents of vaults match their descriptions, making it easier for anyone to locate assets that have been wrapped for sale on OpenSea (or other ETH-based NFT marketplaces). There are currently 454 vaulted Dogeparty assets, many of which are considered historical or vintage assets. Here are the top 10 most popular vintage assets to be vaulted (assets with issuances from 2014):

 - GOLDENSHIBE (82)
 - HAPPYDOGE (70)
 - SUPERSHIBE (39)
 - JOLLYROGER (36)
 - MILKYWAY (24)
 - HAPPYSHIBE (21)
 - BENGALS (17)
 - FLOWCOIN (17)
 - DOGEDIME (13)
 - NISSANGTR (13)

(just want to point out that 6 of these 10 are Dogermint assets and I'm quite proud of that fact)

CryptoPunks sales picking up, signals new momentum for Historical NFTs

Though relatively quiet through most of the 2nd half of 2023, CryptoPunks are once again picking up in sales volume, even if still a blip of its former self (from 2021-22).



Usually there are only 16-30 sales per week, but this last week saw a whopping 159 sales, suggesting momentum is once again on the rise for NFTs valued for their historical aspects.

According to OpenSea:


CryptoPunks are often regarded as the 1st 10k PFP set, meaning they are images that can be used by avatars (as is certainly the case for Twitter, a bit less so in other places).


CryptoPunk #4041

The Rare Pepe Curated collection has amassed 231 ETH in trading volume across 1,013 sales since Aug 21st of this year. Among the highest sales are a RAREPEPE (S1C1) for 55 ETH about 2 weeks ago, and a FEELSGOODMAN (S20C50) for 5 ETH late last month.

FEELSGOODMAN was issued in Sept 2016 and set aside for a design by Matt Furie, the creator of Pepe the Frog. Furie finally got around to making the artwork a few years later, and the card has become one of the most iconic of all Rare Pepes since then.

25 of 60 full Bit Bowl team sets have been sold thus far. As the season progresses I expect more will sell, especially as the bull market continues to pick back up.

---

In Rare Pepe news, Emblem Vault has migrated the entire collection of vaulted Rare Pepes to their new format of curated collections, which means they are now easier to filter, sort and verify. This has resulted in a massive uptick in wrapped Rare Pepe sales through OpenSea.

A few days ago I finished the inaugural sale of a series of tokens I made back in Jun-July 2014 for a project called the Counterparty BitBowl. After doing a lot of research, I found that this was the first time tokens were created for the purposes of either gambling or sports, as well as prediction markets. Basically it was a Super Bowl wagering system in which anyone could buy a token that represented the NFL team they believed was going to win that year's Super Bowl. If the team won, the token was redeemable for a share of a grand prize. The tokens could be traded for BTC, XCP or any other Counterparty token on the Counterwallet DEX during the course of the season.

The sale lasted for about 19 hours, which was actually quicker than I anticipated, given the bear market for NFTs persists.

Here's a lil infographic I made that attempts to summarize the significance of this project:



Those who are interested can read more about this project here.

Been a while since I posted in this thread. Momentum is shifting away from Ordinals & BRC20 and back to HNFTs, slowly but surely.


LOL, sure, its one of the rarest of Rare Pepe's fault and not the fault of the never-ending glut of new NFTs.


Sure that makes sense. However, the reason why WINKELPEPE has value isn't just because it is unique, its because it was created at a time before it was fashionable to make picture tokens (Sept 2016).

https://pepe.wtf/asset/WINKELPEPE

If somebody made the same thing now and released it today, they'd be lucky to get $20 for it. But because it is part of one of the most iconic & recognizable NFT collections of all-time, it is a highly sought-after piece of blockchain history.


If you're still around, you should read the first post of this thread. It explains the value proposition behind Historical NFTs and perhaps will help make things like WINKELPEPE make sense.

i am a new NFT Designer. i have just accomplished my first collection and i am about to launch it soon.
NFTs like WINKLEPEPE are in my mind exactly the reason why the NFT market is taking damage day by day.
Sadly uniqueness alone is not a reason for value. Believing that something is valuable simply because it is unique is a serious misconception that lead countless talented NFT Designers on unprofitable ways and damaging the market consequently. The fact that there are now more NFT sellers than buyers on Opensea proves this conclusively. Buyers do not want to buy something that does not offer any added value. Simply being unique in existence is NOT added value.
whoever buys something like WINKLEPEPE is a human individual that actualle gives a dam about money. This is not representative for the main stream ore even 99% of humanity and it is clearly not an investment strategy that anyone should follow... If we ever want NFTs to become more than just a playground for super rhich kids & scammers this particular thing needs to change.

No matter what product it is, whether it's an NFT or something else, a combination of added value (use cases), the ratio of supply and demand, the rarity of an object, its external presentation as well as further improvements determine its value.
At least thats how i see things and this is how i will setup my collection.

Also this is a key reason for the flood of scammers rolling over the market. Added value is just harder to fake than just a picture...

Right.

So anyways, despite several of the original self-proclaimed NFT Histooorians and Archeooologists having ditched the thesis they made an identity on in favor of pumping the shiny latest (Ordinals, then Stamps, now BRC-20 and even $PEPE FFS), I remain committed to the original proposition:

Millions of new NFTs are being created every day, most of which have no buyers, and the value of the rest depends on social capital expended by influencers. After the dust settles, serious collectors of blockchain knick-knacks (and there will be more in the future, its almost guaranteed) will focus on assets created before it was popular to do so.

A few interesting sales of note lately, and just an opportunity to showcase some early, definitive Rare Pepes:

SHITCOINCARD (Rare Pepe S1C3) sold for 0.55 ETH



GOXPEPE (Rare Pepe S1C2) sold for 2 ETH (4 sold in the last month)



LUCKYPEPE (Rare Pepe S1C19) sold for 0.0045 BTC



One of my favorite twitter accounts to follow is @mayaNFT who posts a different Rare Pepe every day. It's great to be able to see all the different Pepes. So many good ones I had no idea existed.



Some of them are out of circulation or really hard to find, but its cool to at least know about them.

My understanding about the "historical NFT" is "It doesn't matter if it was a scam or an actual event, a real event or a faked event." But I have a sense of "The thing is that "any new NFT project" is going to be a very impressive product. It is possible that the company can actually be in the space and has a high chance for success. The real-world project is far out the market (no, its not!). In fact, there is already more NFTs than a whole year, so this is already a very interesting question. 
 
Even if these historical NFT projects are used to the actual industry, the only real thing that changes is the company's willingness to adapt. 
 
That's for a very specific reason. The thing is that historical NFTs have proven themselves and people around them who are already successful will always look for them because even today, some projects have a lot of merit/speculation but most of these projects are quite unique. 
 
However, in the end, it's a very different story. The NFTs I have written here are real but not actual historical

I'd say they don't have enough history behind them yet to be "historically significant" (as they are too recent), but you're right, they certainly are a thing and at least somewhat significant because they helped onboard a new breed of users to the NFT space. Same thing with Trump NFTs for that matter (and they are both on Polygon).

What you have to remember from a value standpoint is Reddit NFTs were launched after millions of NFTs had already been created. So will they maintain value in the future based on their own merit, or are they yet another latest flash-in-the-pan? Only time will tell, and I'd say as of right now not enough time has passed to establish that.



One of the greatest grifts in the Historical NFT space is perpetuating the idea that anyone can create something historical today. All you need is an influencer to declare a new mint "historical", and then if enough of their followers agree with them, then it is so. "Because after all, what is historical anyway? It's all subjective." And without fail, you can be sure that said influencers have already loaded up hefty bags with something they recently deemed "historical."

I'd say give any NFT 3 years at a _minimum_ before trying to ascertain their place in the history of NFTs.

I can't see reddit nft avatars in there. Does he consider them insignificant event historically or is he even aware of them? They are already at gen3. Sadly you can't browse their shop with web broser but only with the reddit app it seems. But they have a real use case (people are using them as a special avatars, or even as parts of avatar. With 50 million active reddit users that are exposed to nft avatars, i think it's a huge thing for nfts.

If you don't have an app, you can find them in opensea, even though they are divided in different sections between the creators. But you can see some pics in here
https://www.reddit.com/r/avatartrading/

What do you think about the historical significance of reddit avatars op?

It absolutely does. Even if it has dope artwork that is iconic in some way, it won't be worth much if there's 10,000 of them. Its exactly why (most) CryptoKitties are worth pennies. Think about it in terms of any other type of sought-after collectible.


It is within a collection, the Rare Pepe collection.


It was purchased by 6529capital, which is a fund run by punk6529.

Can I be the first to say it? $630K for an NFT is a hideous price. The fact it's effectively 1/1 doesn't make it anymore valuable, if anything the opposite is true imo. I understand it's a year older than CryptpPunks for example, but even so 20 BTC is an insane evaluation. If it was a 1/1 within a collection or 1000 or 10,000 it might actually make more sense, but who's going to pay more than 20 BTC for this?

This looks like it was either a vanity buy or wash trading  

WINKELPEPE Sells for 20.75 BTC

One of the rarest of Rare Pepes was purchased today via Counterparty dispenser for 20.75 BTC, which is about $631.8k at today's BTC price.

https://twitter.com/rarepangolin/status/1646989400763518977




With only 2 in existence (1 of which was sent to a burn address and is thus out of circulation), WINKELPEPE was issued on Sept 29, 2016. It is Card 34 of Rare Pepe Series 2, made by DanDarkPill, who created 12 Rare Pepes with relatively low supplies (the highest supply being WEAREALLPEPE with an issuance of 100).

Rare Pepes have been enjoying something of a resurgence in popularity as new Bitcoin NFT converts look to expand their horizons beyond Ordinals.

NFT business may be going up, tho many others down ...

https://www.benzinga.com/money/celebrities-that-own-bored-ape-yacht-club-nfts
https://www.benzinga.com/go/nft-pro

"First NFT" Artist & Sotheby's Win Lawsuit Filed by Web3 Patent Troll

https://www.nytimes.com/2023/03/21/arts/design-nft-quantum-lawsuit-dismiss-mccoy.html

Story is behind a paywall, here are the main details:


As per the title of this post "First NFT" is in quotations because its a highly debated claim. First of all, are Namecoin assets NFTs? If yes, what happens to the NFT after it expires on the blockchain (a feature unique to Namecoin)? Also, was his really the "first"? That distinction actually belongs to d/bitcoin, which has been continuously registered since April 2011 (never expired).

What McCoy did was indeed a "first" of sorts but d/Quantum expired and was re-registered by someone who goes by the name EarlyNFT on Twitter. EarlyNFT basically claimed that what McCoy sold wasn't the "real Quantum" and then sued him and Sotheby's after it was sold for $1.47 million. To me this is the equivalent of Web3 patent trolling as he was trying to apply his take on how NFT ownership works in a court of law. Of course its an unsettled matter as nobody even referred to Namecoin assets as NFTs until 2021.

I can't paste the art as a GIF b/c the file size is too big, but this is what it looks like:

https://miro.medium.com/freeze/max/360/0*QLQAL9R5JNDIpVNt.gif

Punisher.eth Publishes Blockchain Collectibles Clock (v2023.3)

https://twitter.com/PunisherEth/status/1636870596960169985

Punisher.eth (formerly w3b.eth) is a personal favorite of mine in the Historical NFT space -- he's super dedicated to providing quality content and doesn't exhibit the bag bias that so frequently comes with the NFT Histooorian territory. Instead, he looks at blockchain collectibles from a fair and objective manner, and the latest version of his clock is jam-packed with cool information (which is why I'm posting it in full screen, still recommended to open the image in its own tab):



Most of the stuff I personally collect happened between 9 am (June 2014) and 4 pm (Mar 2018). The Namecoin stuff doesn't particularly interest me (as most of it has expired) and most Ethereum stuff is too new & plentiful. There's just something about collecting assets on popular Proof of Work chains that feels right, which narrows things down to Bitcoin and Dogecoin.

Kind of interesting, but they were all Yuga Labs NFTs (Bored Ape Yacht Club, Mutant Apes, Otherdeeds -- I would dump them too), and then he


A huge day for Dogeparty yesterday.

NFT dump or sign of the coming new wave...

https://cointelegraph.com/news/whale-sells-1-010-nfts-in-48-hours-in-largest-nft-dump-ever

"Whale sells 1,010 NFTs in 48 hours in ‘largest NFT dump ever’ "

Well yes, basic kitties, or shitty kitties as I prefer to call them, are more or less worthless given the ever increasing supply. Baring in mind CryptoKitties was intended as an NFT game by breeding them, rather than a collectable. However they did reach $10 in 2021, even 0.025 ETH in 2020, but this was due to gas costs on opensea increasing, meant it was cheaper to "adopt" via uniswap rather than buy on the open market for breeding purposes. At least that's what it looked like once the kitty vault was established.

As I said, unless they are limited edition - like Gen0's that are currently worth $100 / 0.058 (after a 2021 high of $1K / 0.3 ETH), which in dollar terms I think is actually a fair value, even if by Ether value they continue to make new lows - then these NFTs have no real value overall. By comparison the ones I got were some "Purrstige" X-mas edition, but even some of these LE collections are only worth 0.01 at floor, compared to others around 0.05 (Gen0 price). Still worth a lot more than basics, but with zero volume. To sell them they'd need wrapping and putting up for sale on opensea, as there are virtually no trades on the main market anymore.

Overall CryptoKitties was an interesting experiment, but after all the LE traits like special edition / exclusive / fancy / whatever were released, collectors simply lost interest. My only reason for not selling the ones I had for 50-100x what I paid for them, when they reached around 0.5 ETH, was also sentimental value to be honest! Especially since it cost me around $20 / 0.2 Ether in total, and ended up at the peak with a collection worth 2 ETH. I remember looking at CryptoPunks at the same time and thinking $100 was way too much for an NFT, this is the only reason I ended up with CryptoKitties lol.

This is the crux of it... at least a hundred thousand new NFTs are being produced every day. True collectors (not flippers) will be drawn toward the ones made back when it wasn't fashionable to do so.

With CryptoKitties, the problem is there are so damn many of them. Apparently now slightly over 2 million in all. It was actually the first NFT I ever bought, in 2018, I wanted to see what the fuss was all about. I recently recovered it -- turns out it had been sitting on their marketplace unsold for about 4 years.    am just keeping it now for sentimental value.

I have a handful of limited edition CryptoKitties from December 2018. They cost me around 0.02 ($2) each and after reaching a high around 0.5 ($1000) in 2021 and now worth around the same 0.03 ($50). Personally I wouldn't recommend these as even the limited edition collections (~1K only) there are about 40+ of them and therefore no real demand (as of yet). Probably better off with a Gen0 / Gen0 virgin. I otherwise didn't bother selling them as they were my first ever NFTs so happy to leave them be for a while in case a demand returns for these old school NFTs. Should of got a CryptoPunk back then for 1 ETH instead.

I'm otherwise a big fan of MoonCats and hold a decent bag. They not only pre-date CryptoKitties but there are only 25K of them, as opposed to the million of generic CryptoKitties that exist (that more or less killed the collection imo). These I plan to hold long-term as they only started trading in early 2021, despite originating from 2017 (close to CrytpoPunks date), so still has a few more years of trading before value stabilises/increases imo. It's also one of the few (or only?) collections which isn't just based on attributes but also accessories, that were/are developed by the community, so have a handful of limited editions accessories.

I did previously swing trade some of the more modern collections, due to the 10x gains that were occurring within a matter of days, but wouldn't bother with any of them anymore. The NFT market is general is now over-inflated with thousands of collections as you pointed out (very much like the shitcoin space). So I think only long-term the NFTs that are at least 4-5+ years old stand a chance long-term.

Hmm that is interesting. Makes sense. The dude's biggest fault was he didn't do his collection anonymously I suppose.

In the NFT world, Ordinals are front and center right now. Don't really want to get into the technicals of it here but what is interesting is the most successfully-selling collection is called Bitcoin Punks, which are straight ripoffs of the original Crypto Punks series on Ethereum, except they are set against an orange background.



Crypto Punks (2017) vs. Bitcoin Punks (2023)



Crypto Punks are currently owned by Yuga Labs (the Bored Apes people), who claim to own IP rights to that collection.

Because Bitcoin Punks are doing huge numbers on OpenSea (they are wrapped for Ethereum using Emblem Vault), Crypto Punks holders have been pleading with Yuga Labs to do some kind of intervention, fearing these "fake punks" will lessen the value of their originals (I suppose there could be other reasons as well).

No word from them yet if they are going to try to sue to the Bitcoin Punks people, but its probably the biggest example of copyright infringement in NFT-dom at the moment. Will be interesting to see how it pans out.

Well this is just insanely stupid lawyer then. This isn't a NFT or Free speech issue, it's a copyright issue.
If i sell t-shirts or use anyone's brand for making money with digital projects it's a copyright issue and i need a permit to do that. It doesn't mean anything if i say that this is just commenting the brand. That's not free speech, it's freaking piracy.

There's a reason why Rockstar won't use real brands in GTA or fictional tv shows rarely if ever use real products or why porn films blur any brands from the video.
There are exceptions but it's case by case issue and not everything is considered trade mark infringement, but this is so clearly it.

This one found from the "other news" :
https://www.bbc.com/news/business-64573513

If making NFT art, make it from your own head

Top 4 Emblem Vault Sales of Last Week Total 115 ETH



Four Ethereum-wrapped Counterparty assets sold for a combined 115 ETH last week, which is close to $181k at current prices:

1) FDCARD - 50 ETH
2) SATOSHICARD - 50 ETH
3) ETHEREUMCARD - 7.5 ETH
4) NINJASUIT - 7.5 ETH

The first two are considered "grails" among Historical tokens on Counterparty, and all are highly sought-after relics of the pre-Ethereum NFT era. The sales help confirm the trend of Historical NFTs holding up in value during the bear market better than any other NFT category, and they are likely to continue doing so in the future.

Other recent big sales include HAIRPEPE @ 0.85 ETH, PEPEBROS @ 1.4 ETH, and CAMPEPE @ 0.65 ETH.

You can see all the recent Emblem Vault (an NFT wrapper for assets on Counterparty, Dogeparty, Monaparty, Namecoin, Emercoin, and Ethereum) here.

I was in time for that as well, however I sold my stake far too early... Way she goes.

In a way its good that Dogeparty went down for several years and froze the assets I created with it like they were in some kind of time capsule... prevented me from getting rid of them too early. Then in October 2021 I had access to them again, and all of the sudden they are now "historical."

I'd really like to get a hold of some kind of expert in NEM assets/mosaics as there could very well be stuff of value yet to be unearthed. Its a perfectly good chain, just never gained a foothold in popular culture. Perhaps it could undergo a renaissance thanks to treasures buried within?

There are some old chains which still thrive as people are creating NFTs on them. Take a look at Monacoin for instance: Monaparty is alive and well and probably the most interesting thing happening on that blockchain.

NXTdrop was a really cool asset made for NXT which does have some collector appreciation. Unfortunately the asset creator kind of botched the attempt to remint this project on Ethereum in that he issued asset holders ETH NFTs that represent this project without ever collecting the tokens from them on the NXT side. There are cleaner ways to go about doing it.

Nevertheless, its an example of a "historically-significant" asset on an unpopular chain (there are probably a few others on NXT still waiting to be discovered as well):

NFT rising?

https://news.bitcoin.com/nft-market-sales-climb-16-higher-43-48-increase-in-buyers-in-third-week-of-2023/

"The blockchains that saw the largest seven-day gains in terms of NFT sales were Theta, up 239%; Fantom, up 144%; Palm, up 97%; and Wax, up 73% this week. The top-selling cryptographic collections this week included Mutant Ape Yacht Club (MAYC), Bored Ape Yacht Club (BAYC), Bored Ape Kennel Club (BAKC), Azuki, and Otherdeed."

Unfortunately I have not had time to read this thread
Well... I have not been fast in this crypto world. Maybe the NEM stake claming is the only case, where I have been in time 
 

I'll give you that Eth is too expensive to use (for the moment at least). But i see the overall development interesting and could be rather easily adapted by others too. Importance of speaking about eth is relevant imho as the whole current concept has been mainly developed from erc-721 and just implemented to other chains. This is why i am interested in innovations in tech happening in this sector. Even if that would be happening mainly in Eth layer 2 only.


Agreed. In fact all current non-fungible implementations that i have seen are mainly smoke and mirrors. And some of the future innovations dealing with real world assets requires tech that doesn't exist yet, mainly because lack of auditable confidential smart contracts that has privacy baked in L1.

This is why i am personally am skeptic that this revolution would continue to happen in eth2.0 but as it has most developers it has a change.

But now i'll tune off my rant as this might get too much off the topic.

Not really relevant to the scope of this thread... involves turning new NFTs into newer NFTs for the sake of metaverse-related platforms on Ethereum. TBH I don't really care about what goes on with Ethereum. Its far too expensive for NFT gaming, for the most part.

I saw the rise of games like Axie Infinity and Zed Run whose gamepiece NFTs are still way overpriced. I think Decentraland is probably the best metaverse out there, but land parcels remain ridiculously overpriced and most of what people have built is advertisements for NFTs. Not to say it won't be more widely trafficked in the future but for now its kind of a ghost town.

https://twitter.com/dogermint/status/1520014209978826752

Since we are talking current historically significant turning points of NFTs, have you by any change taken a look new Ethereum Implemention Proposal eip-5606?
That could be another turning point point for NFTs and seems very interesting.

Here are some links for it:
https://eips.ethereum.org/EIPS/eip-5606
https://ethereum-magicians.org/t/eip-5606-multiverse-nfts-for-digital-asset-interoperability/10698
https://www.youtube.com/watch?v=PajykC_RV9Q

Historical Dogeparty NFT Timeline by @HarryBTC

https://twitter.com/HarryBTC/status/1587185347359899650

HarryBTC, the author of a few other great Historical NFT timelines published the following breakdown of early Dogeparty assets today, coming up with a unique categorization system for the different types of image tokens (technically they are proto-NFTs as most have a supply >1 and are therefore fungible).



He assembled the following categories which I feel accurately contain about 99% of all tokens issued on Dogeparty in 2014:



Tokens from Category 1 are the most sought-after and among the most scarce. They include the likes of JOLLYROGER, MILKYWAY, and another one I'd never heard of until today, MINICANVAS.

Here is one of the two images in the imgur link that was placed in the description for MINICANVAS:



- Tokens from Category 2 had images added to them off-chain (BACON, BITBEG, DOGEDIGGERS)

- Tokens from Category 3 had images associated with them at the time off-chain (DOGECAR, SHITCOIN, MILLERLIGHT)

- Tokens from Category 4 had images attached to them on-chain in 2021 or 2022 (JEDI + other Little Shibe tokens, GOLDENSHIBE + other Dogermint tokens, RUNNER + other Dogeparty Runner tokens)

Historic NFT Fest Set to Kick off in Barcelona



https://hnft.community/


I won't be attending as most of my net worth is in illiquid jpegs, but it is cool that such a thing exists. I did donate a GOLDENSHIBE for the Treasure Hunt portion of the contest, to make sure Dogeparty is represented.


(taken from a popular, recently-published Twitter thread making the case for investing in HNFTs)

Too many left out even from Counterparty and EVM days with 80 byte OP_RETURNs when EVMPARTY-base merged before scrapping.

Also Monaparty is technically even more ancient bc they have other things than Counterparty with tokens on chain without images since 2015s too. These are the first ancient extensible NFT from the blockchain. Other's exist purely on this inside script. Which is not turing complete but like an atomic namecoin nft transaction if triggered.

Creator of First "Phygital" Token Wakes Up, Makes >1 BTC in <24 hours


The issuer of Counterparty token SEBUH proved he still had the seed phrase to his Counterwallet and opened a dispenser selling 100 tokens at 0.00555 BTC / ea. The dispenser sold out in about 5 hours. Earlier today he opened another dispenser, selling 50 SEBUH at 0.01 BTC / ea. That dispenser sold out in 1 hour. Not bad for a day's haul. He still has 840 tokens in his possession.

The owner of the token broadcast the following Counterparty message on 6/13/14, the first time the broadcast feature had been used to mention their own token:




More background on the token can be found here:

https://bitcoinmagazine.com/culture/wearesatoshi-latest-issue-sebuhs-crazy-deal
https://web.archive.org/web/20140701023358/http://sebuh.com/sebuh-xcp/

A tremendous day for Historical NFTs.

Dogeparty BKEYCHAIN token sells for 1.575 ETH on OpenSea



Rob Mitchell, creator of the original Bitcoin Keychain in 2013, minted some tokens on both Counterparty and Dogeparty in 2014 that were made to be redeemable for one of his keychains. He didn't get any token sales for that purpose, but he did only make 10 of each, which makes it a very scarce, older token. His intention was placed in the Description field of the asset.

For Counterparty, minted 8/22/14:


For Dogeparty, minted 8/15/14:


This makes it one of the oldest tokens to be redeemable for a physical product, on any blockchain (there are a couple of older instances; the most notable of which is COMICBOOK, which was indeed later published as a graphic novel about Satoshi).

He also registered BKEYCHAINUSA, which were likely meant for buyers in the USA. In the last 24 hours, 2 BKEYCHAIN and 2 BKEYCHAINUSA tokens were sold via auction on OpenSea, all netting between 1.3 - 1.575 ETH. Not too shabby for these current market conditions.

Haven't updated this thread in a while. I thought it would be cool to post some prior forum references to historical NFTs (these are posts from non-issuers/creators).

This one is from Robness who is a fairly well-known crypto artist (he also went by the name GrounBEEFTaxi on the forum):


At the price of BTC on the date of the post, he wanted around $21k, which seems like a lot, but now they go for $220k to $300k.

Many people don't see the unlimited potential in nft space hence they take it for granted, they only regard it as jpeg with no value. Time will make them understand how interesting and valuable this nft space is. This historical nft looks cool and very rare which means there won't be any such copy available elsewhere, and the price though..... can't believe each can be this expensive 

Two RAREPEPEs (Nakamoto Cards) Purchased in Same Day

https://twitter.com/EmblemVaultBot/status/1563077252983635969



Two wrapped RAREPEPE cards (the original & most valuable Rare Pepe) were sold within a few hours of each other; one for 6.64 BTC (~$142,400) and the other for 6.54 BTC. This is huge, not only in dollar terms and significance, but because the new price floor for these cards in now 12 BTC.

Here's 11 "Counterparty Grails," which tend to be extraordinarily valued and somewhat hard-to-find. I don't own any full ones, but I own fractions of a couple (some "grails" are actual divisible tokens, lol):



The ones I'd like to get my hands on that are within my price range are UMBRELLA and CCGBTCONE (anime-looking one that Elon once used as his Twitter PFP).

Bored Ape Yacht Club gets flipped by CryptoPunks:

An exciting development in the world of Historical NFTs.

Even though I own neither, its worthy of a mention.

https://decrypt.co/107911/cryptopunk-ethereum-nfts-floor-price-flips-bored-apes-for-first-time-in-5-months



On Aug. 19, the average price and floor price of CryptoPunks, recognized as the first truly popular 10k PFP NFT collection (2017), briefly overtook the same metrics from Bored Ape Yacht Club (2021), representing a shift in market appreciation from projects with social media-driven clout to those with historical provenance.

Today let's mention a few of my NFT bags.

I bought these b/c I believe they fit the Historical NFT Thesis (as stated above) and will increase in value as more collectors enter the crypto economy. I also try to buy stuff that is aesthetically pleasing to me. This combination rules out just about everything on Ethereum. These are all somewhat affordable compared to the ridiculous price tags of some leading NFT brands.

Up first, we have DOGECOINCARD on Counterparty (BTC). This is from Spells of Genesis, a project that is considered to be the first crypto collectible series. It was a trading card game that still works to this day (kinda). Cards for the game could be purchased or won in-game by completing certain requirements. DOGECOINCARD didn't actually serve a function in the game but it looks cool.



Next up we have Adam Bomb on WAX. Adam Bomb is the most recognizable and iconic of the Garbage Pail Kids series, which started out as trading cards in 1985. Adam Bomb is card #8 of series 1. The first two years of GPK got released as NFTs on WAX before Topps pulled the plug on them. Nevertheless, Adam Bomb NFTs are somewhat scarce and a cool digital artifact to own.



For #3 we have JOLLYROGER, which is a Dogeparty token (DOGE) from Aug. 19, 2014 (coming up on its 8th birthday next week). JOLLYROGER is HUGE because it is one of the first instances of somebody ever using a blockchain protocol to associate an image with a token. It predates anything like it on Bitcoin or Ethereum. With a supply of 550, it is somewhat limited and considered to be the "Dogeparty Grail Token."



The final item for today, we have LORDKEK, which is one of the most famous Rare Pepes. With a supply of only 10 and a market cap of $163 million, its pretty near-impossible to buy a whole LORDKEK and whole ones seldom change hands. Since it is a divisible token, however, you can buy mere satoshis-worth of one at a time (which is how I buy it, and I own but a tiny fraction of one, lol). It is said that LORDKEK brings good luck to all who hold it, and my few satoshis worth of one still look cool sitting in my Counterwallet.

There needs to be a system already in place that is capable of individually identifying each token as unique. But its not even a token to begin with, because there is no smart contract or protocol guided by an enforceable set of rules to define its properties or move it with.

For example, if I mint myself a Bored Ape using my own contract, just copying the original contract, it won't magically be added to OpenSea's collection of Bored Apes with all the others. This is because Bored Apes have individually defined properties assigned to them through their particular contract.

People had been embedding image-related data in Dogecoin OP_RETURN transactions years prior but nobody ever claimed them to be NFTs. By Feb 2014, there had already been quite a few images put on the Bitcoin blockchain this way:

http://www.righto.com/2014/02/ascii-bernanke-wikileaks-photographs.html

However, since they lack a means of transfer, they are not tokens.

CMIIW but you can pretty much do that with any NFT. The way to spot the real one is to find the first one or the one that is linked with the known address/smart contract that "minted" the original one
Or am I over simplifying it ?

Good question. I like Counterparty more because it is simply a protocol that reads extra data in Bitcoin transactions, as opposed to Stacks which is its own blockchain that interfaces with Bitcoin. All Counterparty txs occur as BTC txs, so it seems to be "purer" from my point of view, which also includes Bitcoin being the gold standard network for NFTs. Meaning, if you want your NFT to have a good shot at lasting "forever," Bitcoin is the best chain to mint it on. And might as well do it with Counterparty as it is 100% on-chain.

What inevitable360 "made" isn't actually an NFT -- its simply an image hash embedded in the OP_RETURN field of a Dogecoin transaction, which is actually the field Counterparty (and Dogeparty) uses for its transaction data. The main difference is Counterparty/Dogeparty data is encrypted and interpreted by a protocol run by a node.

A while back I actually recreated his transaction and sent it to myself and to him as well, so now there are 3 copies of his "NFT" out there.  

You can verify it by checking the content of the OP_RETURN field as shown in the block explorer in each transaction.

(which is funny because you're not supposed to be able to "copy" an NFT -- that's one of the things that makes it an NFT -- nevermind the fact he never actually built a protocol that transfers it)


So yeah, the tech behind Counterparty has been quietly brilliant for over 8 years now. Its what has allowed Rare Pepes to have such huge success, as well as Spells of Genesis and several later projects. Its pretty much tamper-proof as there is no way to trick the protocol into copying tokens or giving you other peoples' tokens.

There's a pretty strong scene of artists in Counterparty at the moment. Dogeparty lags in this department, but also has its own scene, albeit much smaller.

Is still Counterparty the way to go in regards to BTC NFTs ? (genuinely curious)
What about staks or others... even this one ?

Yes, most of the NFTs in the price infographic are illiquid. No doubt about it. Only way to make them "liquid" is to put in a sell offer significantly below the price floor. Or a buy offer significantly above price floor.




There likely is some of that in the NFT world in general, but not these. People that buy historical NFTs are either serious collectors, or serious flippers, or both.

---

POV: you waited too long to collect some decent historicals at low prices, and now the bull run has started again



Q: But where do I start?

A: I will break it down for you in my next post.

Here's some free alpha in the meanwhile:

1. Download the Counterparty Freewallet,
2. buy some XCP from a Dispenser, and
3. search the Exchange markets for deals on Rare Pepes.

Oh wow, you are correct!

But it seems those seem to have been only sold once, making them highly illiquid store of value. I guess that's pretty usual in very small niche markets since collectors have to really love or to believe in them. Then there's obviously that cynical view that these could be just money laundering trough art (layering), which isn't that unusual.

But then again, +500k usd deals are always money considered to be laundering until they buy it from you .

Nope, the prices are based on either today's price of ETH or higher.

The ones in the top row don't change hands very often because most of them are 1 of 1s. Except for Cryptopunks (the first ones), which have a current floor price of 281 ETH.

QUANTUM was famously sold in a Sotheby's auction last year for $1.4 million.

A RAREPEPE sold for 200 ETH in Sept 2021, when the price of ETH was $3,300.

A SATOSHICARD sold for 300,000 USD in January.

A FDCARD sold for 147.39 ETH in February.

Here's another good graphic, though it leaves out Dogeparty, where most of my stuff is:



For a more detailed timeline, click here.

I am assuming those eth prices of those earlier nft prototypes were from the past when eth was way more cheaper and not their current estimation market rates. If they are trading at all these days. Because i seriously would be surprised to know that 100 to 249 eth works were actively traded at that price.

OK so I'm gonna make it my mission to get this forum interested in Historical NFTs.

Where can we start...

You will definitely want to own at least a few of these going into the next bull market. When I came into the scene, a lot of these had huge price tags which are now significantly reduced due to bear market conditions. DYOR, feel free to ask questions here, but you'll definitely want to get at least a couple of these:



Here is the tweet containing the full image for those who want to see it in its full glory, and have a bit of context from the graphic's creator.

These are the true blockchain collectibles out of the trillion+ NFTs that have ever been minted. A lot of them aren't actually "NFTs" per their strict definition, but rather simply tokens or assets. The fact that they have an early mint date is what makes them valuable. Of course having good art is nice, but creation date far supersedes aesthetic value for HNFTs.

Hi everybody.

I took a half year break from the forum, got a lot done, and now I'm back to spread the word about the Historical NFT movement. Of course everybody knows about NFTs by now, but what you might not know is that a lot of aged tokens now possess collector value.

Its true that a lot new NFT projects (2020-present) are gonna go the way of ICOs and DeFi, and will never recover their previous price highs. However, just like the good cryptos that were down a lot in 2014-15 and 2018-19, the "good NFTs" will come roaring back when the market picks back up again.


So what's a "good NFT"? Most NFTs (art-based NFTs) are only valuable for their collectability. They possess characteristics that are sought out by collectors (these among others):

 - novelty of creation
 - aesthetic of artwork
 - strength of brand / community
 - accessibility

Even though we have been hit by a bear market this year, sentiment is down and interest has been slowed, this could make for a great opportunity to purchase NFTs that will be coveted for years in the future at bargain prices.

The thesis for Historical NFT investing goes like this:

There will be an infinite amount of new NFTs manufactured in the future. We already saw a damn near infinite amount minted in the last couple years. So, the ones that are older and scarce - before NFTs really exploded in ~2020 - are going to be the most valuable as they were among the most unique at their time of creation.


"Historical NFTs" go all the way back to 2011 (now that Namecoin IDs are considered "NFTs) and all the way up to 2018; arguably 2019. The most popular blockchains they are found on include:

 - Ethereum (Cryptopunks, Realms of Ether, CryptoKitties)
 - Bitcoin (Rare Pepes, Spells of Genesis, Sarutobi, NILICoins)
 - Namecoin (Punycodes, Twitter Eggs, early .bit domains)
 - Dogecoin (JollyRoger, Bitbeg, Dogecar, Goldenshibe)

Other blockchains with collectible assets (though more esoteric) include Emercoin, NXT, NEM, and WAX. I currently hold NFTs and other assets on 7 of these (all except Emercoin). There are also "colored coins" on the Bitcoin blockchain but those remain elusive for now as their supporting systems have long been dismantled.

Another of my favorite "NFT Historians" is w3b.eth, who recently put together an amazingly informative Historical NFT Price Catalog that is a great resource for anybody who is looking to get started collecting historicals.

So, what Historical NFTs do you own? Which ones am I missing that you think have a lot of future potential?


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