Post
Topic
Board Development & Technical Discussion
Merits 3 from 1 user
Re: Can't NFTs work on Bitcoin?
by
BBGC NFT
on 19/12/2021, 12:21:39 UTC
⭐ Merited by nutildah (3)
NFTs already existed in Bitcoin well before they became such a popular trend. Rare Pepes are probably the most well-known one. Bitcoin NFTs never had as much hype and marketing as other blockchains and the Counterparty protocol didn't have much development along with the high fee issues never allowed NFTs to gain significant traction on Bitcoin.
Yes, back in 2015, there was a service to tokenize ownership on the Bitcoin blockchain, ascribe.io. I started to create 'NFTs' even without knowing the name NFT.

https://twitter.com/bbgc58
https://opensea.io/collection/bbgc-bitcoin-blockchain-gold-coin
''Originally, Bitcoin Blockchain Gold Coins were registered in 2015 through ascribe.io (a service to tokenize ownership on the Bitcoin blockchain) to test what we call now Non Fungible Token (NFT). To have a fixed number of pictures in the set, something new should be tested: first, creating "empty frames" as editions (registering) and then linking the different pictures to these "empty frames" (minting). The idea behind that is, to avoid an increase of the number of pieces in the set in the future. Unfortunately, ascribe is no longer active. Now, Bitcoin Blockchain Gold Coins are on the Ethereum blockchain. The 32x32 pixel images are coins with a Base58 character.''

First of all, I'd like to confirm that I have the correct technical background of the way NFTs work in my mind.

If you can bring NFTs to the Bitcoin blockchain, I will bring back my 2015 'NFTs' to your project.