Launched on July 29, 2016, BeerCoin is one of the oldest NFT projects on the Ethereum blockchain. It was created by Nick Johnson, the eventual founder of Ethereum Name Service (ENS), for the purpose of issuing (non-binding and just-for-fun) beer IOUs (see original announcement here).
In theory, infinitely many IOUs can be issued. However, at the end of 2017, only 94 beers were owed in total. The state of the contract was left unchanged from 2018-2020, and then people started playing around with it in 2021.
A stepping stone on the way to the ERC-721 standard for modern NFTs, the BeerCoin project holds a special place in Ethereum history. The 94 IOUs originating in that 2016-17 time period are indeed rare digital artifacts.
|Beercoin|
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