Hal Finney Predicted The NFT Boom In 1993

You probably do not know that there has been insinuations that Hal Finney could actually be Satoshi Nakamoto, the anonymous founder of Bitcoin. Some of the pointers is the fact that Finney is one person that actually predicted that digital money would come into existence in the future. This was a time that the internet was not even widespread. Finney also predicted the boom of NFTs as early as 1993.

According to the computer scientist:

Giving a little more thought to the idea of buying and selling digital cash, I thought of a way to present it. We’re buying and setting ‘cryptographic trading cards’. Fans of cryptography will love these fascinating examples of the cryptographic arts. Notice the fine way the bit patterns fit together – a mix of one-way functions and digital signatures, along with random blinding. What a perfect conversation piece to be treasured and shown to your friends and family.

In the statement, Finney actually described cryptographic arts which we know now as non-fungible tokens (NFTs). He also described how they are made and the possibility of trading them. He further stated that these cryptographic works of arts would grow in popularity because people would love them.

Finney who was the recipient of the first Bitcoin transaction and a 1979 Engineering graduate also described the factors that determine the value and rarity of NFTs. He also explained that these collectibles would be made as single tokens or a collection in batches. According to him:

Your friends will undoubtedly Iove these cryptographic trading cards just as much. They’ll be eager to trade for them. Collect a whole set! They come in all kinds of varieties, from the common 1’s, to the rarer 50’s, all the way up to the seldom-seen 1000’s. Hours of fun can be had for all..

Author: Jofor Humani

Jofor is a crypto journalist with passion for investigative review of projects with the aim to determine the authenticity of their claims.