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The standard coincided with the launch of several NFT projects, including Curio Cards, CryptoPunks , and rare Pepe trading cards. The first known "NFT", Quantum, was created by Kevin McCoy and Anil Dash in May 2014. McCoy registered the video on the Namecoin blockchain and sold it to Dash for $4, during a live presentation for the Seven on Seven conference at the New Museum in New York City. McCoy and Dash referred to the technology as "monetized graphics". This explicitly linked a non-fungible, tradable blockchain marker to a work of art, via on-chain metadata . The total ownership utility may not be 500 times bigger because exclusivity of ownership is reduced and so is the prestige, but the is still bigger than one person's utility of ownership. This is not what we see in practice, but NFT technology is ripe . Most -- if not all -- NFT platforms use cryptocurrency to trade NFTs . A dollar bill, likewise, is equal to any other dollar bill (or 4 quarters, ...