{"id":15313,"date":"2022-11-24T16:38:40","date_gmt":"2022-11-24T16:38:40","guid":{"rendered":"https:\/\/nftandcrypto-news.com\/art\/quantum-the-first-piece-of-nft-art-ever-created\/"},"modified":"2022-11-24T16:38:50","modified_gmt":"2022-11-24T16:38:50","slug":"quantum-the-first-piece-of-nft-art-ever-created","status":"publish","type":"post","link":"https:\/\/nftandcrypto-news.com\/art\/quantum-the-first-piece-of-nft-art-ever-created\/","title":{"rendered":"Quantum: The First Piece of NFT Art Ever Created"},"content":{"rendered":"
Despite what many may believe, NFT art didn\u2019t start with the Bored Ape Yacht Club. It also didn\u2019t start with CryptoPunks. So what was the first NFT, and who created it? Ultimately, this singular honor goes to Quantum, a generative piece of art that was created by digital artists Jennifer and Kevin McCoy. After its creation, Quantum was subsequently turned into an NFT by Kevin in 2014. <\/p>\n
And the reason he minted this particular piece of art? It\u2019s really rather simple. He did it for ownership.<\/p>\n
After he and his wife created Quantum, McCoy wanted to develop a way to sell the piece in its digital form. The problem? He didn\u2019t have a way of establishing the provenance of a digital piece of art. <\/p>\n
For the uninitiated, \u201cprovenance\u201d is the documentation that authenticates the creator, ownership history, and appraisal value of a particular piece of art. Unfortunately, provenance documents for digital art didn\u2019t exist at the time. In other words, there was no way to verify the creator and ownership history of digital works. After mulling over his options, McCoy joined forces with tech entrepreneur Anil Dash<\/a> to solve the problem. Eventually, the duo started to explore blockchain technology to see if it might provide a viable path forward. <\/p>\n Back in the early 2010s, blockchain technology was still a very <\/em>niche field. Bitcoin was only valued at $630 (its price at the time of writing is just over $16,500), Ethereum had just launched, and coin creators regularly overpromised, underdelivered, and got sued into oblivion. But McCoy and Dash weren\u2019t dissuaded, and the decision paid off \u2014 to put it lightly. <\/p>\n