Have you ever wondered how @opensea became the largest NFT Marketplace? Who were predecessors before them? Who paved the way and who may unseat the champs in the future?
This NFT Marketplace Roadmap will take you down the path of of NFT Marketplace History. Here we go! (1/38)
BUT FIRST! If you are a nerd and would like a more in-depth experience surrounding the rich history of NFT Marketplaces then dive into this @Medium article that will explain in full detail the history of the NFT Marketplace ecosystem.
medium.com/@jakegallen/th…
Who: @CounterpartyXCP on Bitcoin
When: January 2014
What: Buy, sell, and trade digital assets on the @bitcoin network. Originally created as a platform for DeFi products which became home for a rich NFT culture including @SpellsofGenesis, @pepe__wtf, and @FAKERARES_XCP.
Who: @DogepartyXDP on Dogecoin
When: August 2014
What: Buy, sell, and trade digital assets on @dogecoin. This fork of @CounterpartyXCP began as an experiment for creators in 2014 and quickly faded in 2015, only to be revived by the Dogeparty Foundation in 2021.
Who: Ascribe on Bitcoin
When: 2014-2018
What: A platform built on Bitcoin as a place for artists to monetize their work through blockchain technology. After the platform was shut down in 2018 all 31,900 tokens were lost.
Who: @EtherId2015 by @AlexNa
When: November 2015
What: A digital identity protocol that succeeded @namecoin_ids from 2012 and predated @ensdomains from 2017. This early ETH project had a built-in marketplace for buying, selling, and trading IDs. Which may be the first on ETH.
Who: @SpellsofGenesis by @shaban_shaame
When: March 2015
What: First token project on @CounterpartyXCP which is also the first Gaming NFT(s) in blockchain history. Cards were sold via an ICO and a native marketplace was deployed later to facilitate trading.
Who: @PixelMapNFT by @KenErwin88
When: November 2016
What: Very early Ethereum NFT pixelated "ad board" pre-mints tokens and sells directly on website. Primitive marketplace coming nearly 18 months before ERC721 standardization.
Who: Rare Pepes
When: September 2016
What: A decentralized art/meme community forms towards the end of 2016 via a Telegram chat. After some time @wasthatawolf realizes the project needed a wallet and marketplace, deploying RarePepeWallet shortly after.
Who: @MyCurioCards
When: May 2017
What: First collective art project on Ethereum has artists submit work and is voted on by community. NFTs were sold through "vending machines" that were all listed on the website.
Who: @v1punks & @cryptopunksnfts by @larvalabs
When: June 2017
What: Native 0% fee marketplace deployed with 10k NFT contract. V1 exploit is found and V2 NFTs are airdropped to holders with patched marketplace. Possible first NFT Marketplace bidding system w/ images.
Who: @mooncatrescue by @ponderware
When: August 2017
What: Early Generative NFT project featuring nameable cats and a proof-of-work style mint. Marketplace features the first bonding curve (Genesis MoonCats increase in 0.3 ETH increments) and similar CryptoPunks bidding system.
Who: @dadacreeps by @PowerDada
When: October 2017
What: Decentralized Marketplace with first instance of Creator Royalties. A place for for creators to capture value for their tokenized art.
Who: @MonapartyXMP on Monacoin
When: Late 2017
What: A fork of @CounterpartyXCP, Monaparty is a token creation platform focused on Japanese themed art to buy, sell, and transfer. The most popular collection MonaCard is closing in on 7,000 unique tokens.
Who: @CryptoKitties by @dapperlabs
When: November 2017
What: Breedable NFT Kitties who became the most popular collection in 2017 and iconic brand today. Native marketplace curated a simple interface and user-friendly appearance.
Who: @opensea by @dfinzer and @xanderatallah
When: December 2017
What: First NFT "Compartment Store" that sold multiple ERC20 collections and eventually standardizing ERC721 compliance within the marketplace.
Who: @SuperRare by @SuperRareJohn
When: April 2018
What: Early artist-focused NFT curation marketplace offering creator royalties and unique artwork for purchase.
Who: @KnownOrigin_io by @selfmadeheroes, @jimbob_87, & @awaygray
When: April 2018
What: Platform for artists to authenticate, showcase, and sell their art and collectibles. Was acquired by @eBay in June 2022.
Who: @niftygateway by @dccockfoster & @gcockfoster
When: Late 2018
What: May be the first NFT Marketplace to allow NFT purchases with USD. Pioneered NFT auction system and onboarded @beeple in 2020. Acquired by @Gemini in 2019.
Who: @rarible by @insider0x
When: Late 2019
What: First NFT Marketplace to utilize native token ($RARI) and offer incentives for buying and selling on its platform. Has a DAO and has integrated @Solana, @Tezos, @0xPolygon, and @Immutable.
Who: @NBATopShot by @dapperlabs on @flow_blockchain
When: Mid 2020
What: Native marketplace launches for a sports NFT collection on Flow. Sleek and simple user interface onboards thousands and is a precursor to the NFT bull-run. Can sort moments by multiple categories.
Who: @NFTX_ by @gaus_eth
When: January 2021
What: First protocol for NFT-backed index funds, bringing traditional finance properties to the world of NFTs and creating a true DeFi x NFT product. Issue ERC20 tokens against a pool of ERC721s.
Who: @join_royal by @3LAU
When: Early 2021
What: First dedicated Music NFT marketplace that is solely dedicated to the emerging world of tokenized music. First category specific marketplace since Art NFT platforms like Super Rare, KnownOrigin, and Foundation.
Who: @objktcom on @tezos
When: July 2021
What: Originally a tool application for the now failed XTZ NFT Marketplace Hicetnunc (HEN) is now the largest Marketplace on Tezos, the place for #CleanNFTs and incredible art.
Who: @MagicEden by @0xLeoInRio, @sidazhang, @ZhuoxunYin, & @zhouzhuojie on @solana
When: September 2021
What: Largest NFT Marketplace on Solana, launched 7 months after the first NFT project on SOL @kreechures. Raised $130M in 2022 and has integrated @0xPolygon.
Who: @scarcedotcity by @ctramount and @AryanJabbari on @bitcoin via Lightning Network
When: Physical - 2019, Digital - 2021
What: Originally a marketplace for physical Bitcoin themed art that later added a digital storefront in 2021. Payments utilize the lightning network.
Who: @TheBinanceNFT by @binance & @cz_binance
When: June 2021
What: NFT Marketplace rolled out to support the emerging NFT community on @BNBCHAIN.
Who: @QuantumNFT by @justinaversano
When: October 2021
What: NFT Marketplace created to support the emerging NFT Photography space. Since creation has added Digital Art to the platform and opened up a physical storefront in LA.
Who: @sudoswap
When: October 2021
What: Fully on-chain AMM NFT Marketplace that offers 0.5% marketplace fee and 0% creator royalties. Has released its own governance token SUDO and NFT collection XMON.
Who: @LooksRare by @ZoddLooksRare
When: January 2022
What: Decentralized NFT Marketplace launched by anonymous team. Vampire attack on OpenSea with airdrop of $LOOKS token based on NFT trading volume. Staking rewards and seller rebates. Upcoming V2 and more in 2023.
Who: @the_x2y2
When: February 2022
What: 0.5% marketplace fee with staking rewards via native token $X2Y2. Private seller portal for 0% fees all together. Removed royalties, then reenabled. NFT Loan program gaining marketshare.
Who: @Coinbase_NFT by @coinbase
When: April 2022
What: Announced October 2021 with over 100 featured creators then launched 7 months later. Catastrophic start which failed to break 1300 users after 3 months. Social Media features including friend requests and comments.
Who: @ensvision
When: March 2022
What: Originally a tool for @ensdomains that later added a native marketplace when @10kclubofficial created demand that OpenSea couldn't meet. Many features added including club categories, bulk listing, and leaderboards.
Who: Uniswap NFT by @Uniswap
When: Late 2022
What: After acquiring NFT Aggregator @geniexyz earlier in the year Uniswap announces their move to add ERC721s to the platform. $USDC airdrop for previous sweepers and planned addition of a variety of ERC20 options for purchase.
Who: @blur_io by @PacmanBlur
When: Late 2022
What: The "Bloomberg Terminal" for NFTs built for traders. Raised $11M round led by @paradigm. Three incentivized rounds of variety boxes of $BLUR tokens to be airdropped in January. Built-in Aggregator from launch.
Well there you have it! The history of NFT Marketplaces from 2014-2022! It's quite a list!
Reply below with your responses to these questions:
-Which marketplaces did I miss?
-Which marketplaces are we to lookout for in 2023?
-Which marketplace is your favorite?
-Did you learn?
Finally! Be sure to follow @EmblemVault and the team as we gear up to launch a Historical NFT Marketplace for BTC, DOGE, NMC, and many more assets in 2023!
-@EmblemVault
-@shannoncode (Founder/ Lead Dev)
-@ericporper (Biz Dev)
-@adamamcbride (NFTs)
-@jakegallen_ (NFTs)
If you enjoyed this content and would like to know more about the History of NFTs then please subscribe to my channels here:
Youtube: youtube.com/channel/UCgwcU…
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Twitter: @jakegallenpod, @jakegallen_
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