The Forgotten Story of Counterparty: NFTs on Bitcoin Before Ethereum!
In this episode of Once Upon a Coin, we explore the incredible story of Counterparty, the pioneering platform that introduced NFTs before the term even existed—all on the Bitcoin blockchain. Founded in 2014, Counterparty allowed users to create, issue, and trade unique digital assets, bringing to life the first collectible card games and crypto art like Rare Pepes long before Ethereum's rise.
Discover how Counterparty became Bitcoin's first Layer 2 solution with its token XCP and decentralized exchange, supporting groundbreaking projects like Spells of Genesis and rare collectibles. We delve into its "proof of burn" token issuance, smart contract innovations, and the rise and fall of this remarkable platform as Ethereum and other blockchains emerged.
Join Jason Cassidy as he uncovers the untold history of Counterparty, highlighting its role in shaping the NFT movement on Bitcoin. From the crypto winter of 2018 to the recent resurgence with Emblem Vault, this episode offers a rich look at how Counterparty was ahead of its time in creating a digital asset economy on the Bitcoin blockchain.
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