What is Quantum NFT?
Quantum is a digital artwork created in 2014 by Kevin McCoy, and it is widely recognized as the first NFT (Non-Fungible Token) in history.
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📌 Key Facts
Name: Quantum
Artist: Kevin McCoy
Year: 2014
Blockchain: Originally minted on Namecoin
Medium: Generative digital art — an animated, cyclical shape
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🧠 Notable Features
Historical Significance: Quantum was created before the term “NFT” even existed. Back then, McCoy referred to it as “monetized graphics.”
Technological Difference: Unlike today’s NFTs on Ethereum, this piece was inscribed on the Namecoin blockchain.
Purpose: To establish and prove ownership of a digital artwork via blockchain.
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💰 Auction & Sale
Auction date: June 2021
Auction house: Sotheby’s
Price: Around $1.47 million USD
👉 However, the sale sparked legal controversy:
Someone else had claimed ownership of the Namecoin entry linked to Quantum, raising the question — who truly owned the piece?
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Legal Dispute
The issue: Namecoin domains need to be renewed; otherwise, they can be taken by others.
Another individual re-registered the original domain tied to Quantum and claimed ownership.
This led to debates about how blockchain records, renewals, and NFT ownership rights should be interpreted in law.
---
🔍 Fun Fact (Nice-to-Know)
Quantum’s code is based on generative art logic.
It continuously redraws itself in an infinite loop, producing a meditative, ever-changing digital form.
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BTC vs ETH Inflation Bitcoin (BTC) Maximum supply: 21 million BTC Current supply increase: Bitcoin block rewards (new BTC issuance) halve approximately every 4 years (“halving”) Annual supply increase as of 2025: Around 1.7% Inflation trend: Decreasing over time because block rewards diminish. By around 2140, all BTC will be mined, and inflation will approach 0% Ethereum (ETH) Maximum supply: Unlimited (theoretically no upper limit) Supply increase: With Ethereum 2.0 and EIP-1559, a “burn mec...
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90% of “Flash Loan” attacks are not hacks in the technical sense, but rather actions carried out within the rules of the smart contract system itself. --- 📌 What does this mean? A flash loan allows users to borrow funds without collateral as long as the loan is borrowed and repaid within the same transaction block. The system prevents funds from being withdrawn before the transaction is completed. However, malicious actors can exploit this mechanism by manipulating price feeds or market dyna...
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Information you need or don't need about web 3 - 8
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What is Quantum NFT?
Quantum is a digital artwork created in 2014 by Kevin McCoy, and it is widely recognized as the first NFT (Non-Fungible Token) in history.
---
📌 Key Facts
Name: Quantum
Artist: Kevin McCoy
Year: 2014
Blockchain: Originally minted on Namecoin
Medium: Generative digital art — an animated, cyclical shape
---
🧠 Notable Features
Historical Significance: Quantum was created before the term “NFT” even existed. Back then, McCoy referred to it as “monetized graphics.”
Technological Difference: Unlike today’s NFTs on Ethereum, this piece was inscribed on the Namecoin blockchain.
Purpose: To establish and prove ownership of a digital artwork via blockchain.
---
💰 Auction & Sale
Auction date: June 2021
Auction house: Sotheby’s
Price: Around $1.47 million USD
👉 However, the sale sparked legal controversy:
Someone else had claimed ownership of the Namecoin entry linked to Quantum, raising the question — who truly owned the piece?
---
Legal Dispute
The issue: Namecoin domains need to be renewed; otherwise, they can be taken by others.
Another individual re-registered the original domain tied to Quantum and claimed ownership.
This led to debates about how blockchain records, renewals, and NFT ownership rights should be interpreted in law.
---
🔍 Fun Fact (Nice-to-Know)
Quantum’s code is based on generative art logic.
It continuously redraws itself in an infinite loop, producing a meditative, ever-changing digital form.
Support 0x5351
Information you need or don't need about web 3 - 8
Information you need or don't need about web 3 - 15
💥 The Biggest Losses in Crypto History Several major events have caused massive financial damage, shaken investor confidence, and reshaped the crypto landscape. Here are some of the most notable ones: 🔥 1. Mt. Gox Hack (2014) Loss: ~850,000 BTC (worth billions of dollars today) What happened? At the time, Mt. Gox was the largest Bitcoin exchange. It was hacked and eventually went bankrupt. Impact: A huge blow to trust in Bitcoin. Prices plummeted. 🔥 2. Terra / LUNA Collapse (2022) Loss: Be...
Information you need or don't need about web 3 - 1
BTC vs ETH Inflation Bitcoin (BTC) Maximum supply: 21 million BTC Current supply increase: Bitcoin block rewards (new BTC issuance) halve approximately every 4 years (“halving”) Annual supply increase as of 2025: Around 1.7% Inflation trend: Decreasing over time because block rewards diminish. By around 2140, all BTC will be mined, and inflation will approach 0% Ethereum (ETH) Maximum supply: Unlimited (theoretically no upper limit) Supply increase: With Ethereum 2.0 and EIP-1559, a “burn mec...
Information you need or don't need about web 3 - 11
90% of “Flash Loan” attacks are not hacks in the technical sense, but rather actions carried out within the rules of the smart contract system itself. --- 📌 What does this mean? A flash loan allows users to borrow funds without collateral as long as the loan is borrowed and repaid within the same transaction block. The system prevents funds from being withdrawn before the transaction is completed. However, malicious actors can exploit this mechanism by manipulating price feeds or market dyna...
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