Immutable Record NFT Collection: Unveiling Blockchain’s Forgotten Origins Nov 23, 2023 Nov 23, 2023 Kelly Cromley http://1AZFjzw2#Nwf63pYaMWq#xIY
Market NewsNovember 23, 2023 by Kelly Cromley

Immutable Record NFT Collection: Unveiling Blockchain’s Forgotten Origins

Stuart Haber and Scott Stornetta, renowned for creating the first blockchain in 1989, have introduced the Immutable Record NFT collection. Operating on the Kadena blockchain, this collection pays homage to the inaugural commercial implementation of blockchain, featuring a unique use of the New York Times for assurance purposes.

 

Blockchain’s Pioneers:

In the late ’80s, Haber and Stornetta authored seminal papers advocating for blockchain technology’s application to secure digital records. AbsoluteProof, Surety’s product, emerged in 1994, predating Satoshi Nakamoto’s Bitcoin whitepaper by nearly fifteen years. The software enabled users to “seal” digital documents for integrity, a concept later cited in Nakamoto’s historic work.

 

The Unique Approach of Immutable Record:

The Immutable Record collection adopts a whimsical approach, focusing on the physical assurance provided by the weekly publication of hash values in the New York Times classified ads. Consisting of twelve consecutive weeks of published hashes, each is auctioned as a 1/1 NFT Kadena. Collaborating with graphic artist Steven Straatemans, Haber and Stornetta incorporate a signed New York Times page and an original illustration depicting a significant news story of that week into each NFT.

 

Universal Recognition and Accessibility:

The creators, emphasizing universality, aim to bring this lesser-known history to the forefront within the crypto community. They express their hope that the collection fosters awareness beyond the crypto sphere, deeming the use of “accessible” as encapsulating their intent.

 

Blockchain’s Overlooked Roots:

Despite its foundational role in web3 and crypto history, the first blockchain’s obscurity stems from a lack of widespread acknowledgment. Haber and Stornetta attribute this to the oversight of footnotes and the public’s narrow association of blockchain with digital currency, overlooking its broader applications in immutability and verifiability.

 

Acquiring the NFTs:

To acquire these unique NFTs, individuals can use KDA, the native token of the Kadena blockchain, and participate in conventional or Dutch auctions on the minting website. The first NFT, commemorating President George H.W. Bush’s fainting incident, was sold for 3500 KDA, equivalent to over $1700.

 

Security and Future Endeavors:

Choosing the Kadena chain for its robust security, the creators envision future collections uniting the blockchain community. The decision to collaborate with Kadena was influenced by shared values in prioritizing security. The duo hints at forthcoming offerings, expressing a shared interest in various technical topics, including steganography.

 

Conclusion:

As the Immutable Record NFT collection unfolds, it not only commemorates the historical roots of blockchain but also hints at a future where these pioneers continue to contribute to the evolution of blockchain technology. The creators’ decision to unfold their story through NFTs serves not only as a testament to their foundational role but also as an invitation for enthusiasts to delve deeper into the intricate history of blockchain.

AuthorKelly Cromley

Kelly is our in house crytpto researcher, delving into the stories which matter from blockchains being used in the real world to new ico coming out.