In general the starting date is considered way back in 2017 when the crypto-punks were released on the Ethereum blockchain. A two-man team of John Watkinson and Matt Hall came up with this concept. But, as a matter of fact, the history of NFTs dates back to 2012-13 with the concept of "colored coins", which were tokens that stood for actual assets on the blockchain. These NFT tokens were referred to as "new technology" holding a great potential for the future.

In 2015, a company called COUNTEPARTY shook hands with a creators team called SPELL OF GENESIS. They were among the first to introduce an ICO (Initial Coin Offerings) launching their own NFT, an in-game currency called BitCrystals.

In 2017 Ethereum started gaining significance with the boom in crypto trading. At the same time Louis Parker started to run the first live auction where the purchasing and selling took place for NFTs. But it was the CRYPTO PUNKS, inspired by a 1990s bitcoin experiment, that became famous in the crypto NFT space. This project made the ERC721 popular. The ERC721 is the NFT standard on the Ethereum blockchain. With the use of a single smart contract, ERC721 enables the tracking of token ownership and transactions.

Between 2018 and 2021 NFTs slowly move into public awareness before making it into mainstream adoption in early 2021. A partnership between an artist Kevin Abosch and GIFTO led to a $1 million transaction of a beautiful art piece called "The Forever Rose". Artists like Abosch, Banksy and many more played a major role in giving popularity to NFT transactions by pushing their boundaries. The NFT market is more feasible and liquid compared to traditional means of asset transfers.

NFTs today have paved the way for small and large businesses all around the world. Be it gaming to meme, identification and certification, digital collectibles, etc. Platforms like Opensea, Mintable, Nitfex are right now the flag bearers of the NFT marketplace community.

NFTs have an intriguing past, but there are countless opportunities for them in the future. NFTs may soon become an essential to daily life thanks to tokenization, programmability and closer links between sellers and buyers. Merely a few years ago, ideas like DAOs, token-based Metaverses and NFT Art were just small-scale experiments. They now stand for a multimillion-dollar business. The concept of NFT can be looked at as complicated but once understood there is no way back.

And that's why in verse of the concept of NFT, an organization called BocasDAO is presenting a unique way to use such NFTs. Precisely in the field of real estate and entertainment the company has created a great value for their holders.