We have been talking about NFTs and how they are changing the way in which people and companies interact with blockchain technology. But there might be a new collection piece that could be worth several million in the future. We are talking about the NFT Genesis on top of the RSK network.Â
What is the NFT Genesis?
The NFT Genesis is the first NFT to be created on top of a Bitcoin sidechain, in this case, RSK. This unique piece was created by Watafan, a company that wanted to celebrate the 10th anniversary of the creation of Bitcoin.Â
This is why, on January 3, 2019, 10 years after the official launch of Bitcoin, they released the first NFT on top of RSK. With this milestone, Watafan created a new collectable piece that is known for being the first NFT to be released on top of Bitcoin.Â
There are 21 copies that were issued and all of them include a commemorative image. These images were created by Joseph DĂaz, a recognized artist that has more than 15 years of experience working in some of the largest companies in the world, including Disney, Netflix, HBO and many others.Â
The NFT Genesis has been designed using unique colours and displaying a radiant Satoshi Nakamoto looking like a superhero. The goal was to celebrate the 10th anniversary of the largest cryptocurrency in the world.
RSK’s Involvement
RSK has played a very important role in making that possible. RSK was created as the most secure smart contract platform in the world as it uses a “two-way-peg” in which Bitcoin miners do not only protect the Bitcoin network but also the RSK blockchain, which works as a sidechain to Bitcoin.Â
This has allowed for unique solutions and projects to be released on top of RSK leveraging the security aspects of the Bitcoin network. Moreover, thanks to its compatibility with Ethereum (ETH), it is possible for companies, projects and developers to deploy smart contracts on RSK without having to learn a new programming language.
Thanks to the expansion of the non fungible tokens industry, RSK became a chosen network to release NFTs on top of Bitcoin. This is why Watafan decided to create the first NFT on a Bitcoin sidechain using RSK. Furthermore, there are unique solutions that are going to change the way in which NFT holders interact with each other.Â
Could the NFT Genesis Become the Next Millionaire Collection Piece?
We have seen how NFTs have been expanding over the last years and how they attracted the attention of investors from all over the world. Tweets, penguins, punks and many other NFTs have been sold for very high prices.Â
Now, the question is whether the NFT Genesis could reach a high valuation in the future. The NFT Genesis has never been put up for sale. What does it mean? It means that it remains immaculate and in the possession of the owner that created it.
