Prior to the Liquid NFT Marketplace, NFTs could be characterised as both a blessing and a curse.
Their introduction into the world of crypto in 2014 was pioneering at the time, and in-keeping with the best traditions of new technology and shifts of paradigm.
For many people, the creation of NFTs felt like the logical progression in the natural development of the crypto ecosystem.
One that was much needed.
The advent of Bitcoin and every subsequent cryptocurrency introduced fungible tokens on the blockchain. It was only a matter of time before non-fungible tokens would follow suit.
While there are currently dozens of blockchains in existence, after the Bitcoin revolution of 2009, Ethereum was the blockchain that held the most promise for the innovation of digital currencies.
Ethereum is the name of the blockchain. Ether is the native token on that blockchain. Colloquially, the names Ether and Ethereum are used interchangeably to describe the native token. In all honesty, though, most people use Ethereum to describe both the blockchain, and the native token.
For the sake of avoiding confusion for the uninitiated, moving forward, I will also refer to the native token on the Ethereum block as Ethereum.
The significance of the Ethereum blockchain to the world of cryptocurrency cannot be understated.
It introduced to the world the paradigm of programmable money. As a result, the concept of the smart contracts on the blockchain was born.
An Image of a Hyper-Visualisation of the NFT Landscape
