Last Modified By: @0xSchatz
For suggestions please contact @oldnftcom on Twitter
1. TERMS USAGE DISCLAIMER
1A. NON-FUNGIBLE TOKEN (NFT)
The term ‘NFT (Non-Fungible Token)’ used in this website doesn’t necessarily refer to or automatically meet the modern technical standard for non-fungible token (NFT) ERC-721 or any other modern, well-defined standard designed for Non-Fungible Token (NFT).
The usage of the term ‘NFT’ (Non-Fungible Token) in this website for all existing pre-NFT (ERC-721) Crypto Collectibles is simply to honor and pay homage to earlier Crypto Collectible which undoubtedly and provably contributed to today’s NFT standards and technical definitions.
The term old is relative and subjective. However, in this instance, the term ‘old‘ used in this website is relative to the birth of Crypto Collectible which is widely believed to have been initiated in 2011 on and/or by the Namecoin blockchain.
“Commonly cited alternative applications of blockchain technology include using on-blockchain digital assets to represent custom currencies and financial instruments (“colored coins“), the ownership of an underlying physical device (“smart property“), non-fungible assets such as domain names (“Namecoin“)….”- Vitalik Buterin, Ethereum Whitepaper, 2014.
The term ‘old’ used in this website, otherwise explicitly noted, is set inbetween 2011 – 2018 where ERC-721 Standard is first realized and utilized.
1C. CRYPTO COLLECTIBLE
A blockchain entry that can be traded from one identity to another identity, natively on top of the platform and/or blockchain or through custom function (smart contract, codes).
1D. OLD COLLECTIBLE & OLD ASSET
Generally refer to an asset or collection established before world’s first Non-Fungible Token standard which was designed within Ethereum ecosystem in their EIP-721 Standard.
Su Squares NFT project created by William Entriken in March 19, 2018 (earliest version) is the first to utilize ERC-721 Standard in Ethereum blockchain.
2. OLDNFT.COM’S OLD CRYPTO COLLECTIBLE (CC) CRITERIA
2A. NATIVE TRADE AND/OR TRANSFER FUNCTION
Asset(s) has to be natively transferrable or tradable from one identity (ie; crypto address, crypto wallet, decentralized id, etc) to another identity.
In other words, the respective asset(s) must be explicitly tradeable or transferrable through and/or with already existing, upon discovery a custom function or native function (blockchain or platform with native transfer or trade function: eg. Namecoin, Emercoin, and Counterparty)
Blockchain entry with no native trade or transfer function do not fall into OLDNFT.COM’S old Crypto Collectible and may not be featured as old Crypto Collectible but maybe mentioned as historical fact.
This statement is written in good faith.
OldNFT.com has zero intention, and zero interest in censorship. The effort is simply done to distinguish between “true” original old Crypto Collectible from “false” old Crypto Collectible.
Otherwise, every existing Blockchain entry or data in the past can be narrated to, or subjected to as an old Crypto Collectible with added or artificial transfer and/or trade function, which can be counter-productive and damaging to Enthusiasts, Collectors and old Crypto Collectible community.
Using the site, means you agree with this terms.
2B. VERIFIABLE PRIMARY & SECONDARY ASSET
2A1. Primary Asset
Primary Asset refers to token (blockchain entry, or data) which in today’s standard is commonly identified by _tokenID (in ERC-721 Standard), or Name (in Namecoin Token Standard) within Pre-ERC721 era.
A token is a transferable and an identifiable blockchain entry and is generally universal and a common features in any blockchain.
2A2. Secondary Asset
Secondary Asset refers to anything that the identified token is embedding, linking or containing, such as but not limited to; Metadata (JSON files, etc), Codes (P5.JS, etc), Files (JPEG, GIF, PNG, MP3, MP4, Doc, etc) and URLs.
In this Instance, old Crypto Collectible (CC) must have a verifiable (explorable, examinable, and testable) on-chain primary asset or token respective to their own blockchain.
2B1. Secondary Asset ≠ Primary Asset
Primary Asset and Secondary Asset are two generic components found in almost any old Crypto Collectible, and they are also the fundamental components used in modern NFT standard (i.e ERC-721 Token + Metadata = What we know today as BAYC, CoolCats, etc).
Secondary Asset must not constitute the validity of the Primary Asset as a verifiable Crypto Collectible within a blockchain, but might be a complementary factor in valuing said Primary Asset or Token subjectively.
On this instance, we see Secondary Asset as an ‘added value‘ to the Primary Asset or the Token itself.
“Token A used to link apple.jpeg via URL, token owner then decided to add/change the link to car.jpeg via URL, thus the Secondary Asset changed and the changes can be seen and verified on the blockchain.“
Our Verdict: As an objective fact, Token A is still a verifiably an old Primary Asset (Token) in the blockchain, but the perceived value of the token might change since the original Secondary Asset, or the jpeg art is what people find valuable.