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In the late 2000s, an anonymous fellow named Satoshi Nakamoto proposed a system based on some previous research projects. Satoshi authored the now famous ‘Bitcoin: A Peer-to-Peer Electronic Cash System’ whose stated goal was to create a new electronic cash system” that was “completely decentralized with no server or central authority.”


A non-fungible token (NFT) is a non-interchangeable unit of data stored on a blockchain, a form of digital ledger. NFTs can also be associated with reproducible digital files such as photos, videos, and audio. NFTs use a digital ledger to provide a public certificate of authenticity or proof of ownership, but do not restrict the sharing or copying of the underlying digital files or the re-creation of identical NFTs.