#NFPCryptoImpact

Hello esteemed community.

On May 5, 2014, the world's first non-fungible token Quantum was created by artist Kevin McCoy in collaboration with programmer Anil Dash.

On June 10, 2021, the artwork was sold by the artist at the Natively Digital auction at Sotheby's for $1.47 million.

So what is it?

NFT is a non-fungible token. NFTs operate on a blockchain - a kind of ledger of records (tokens) in the network. In the same environment lives the more familiar Bitcoin. The distinctive feature of most tokens is fungibility.