How Rare Pepes Actually Work: Counterparty, XCP, and Token Issuance on Bitcoin
The protocol mechanics. What gets written to Bitcoin, what gets parsed off-chain, and why the design has aged better than most of its 2014-era peers.
Before NFTs had a name, a small group on a Telegram chat made the first ones. This site collects what's been documented about Rare Pepes from primary sources: interviews with the people who built it, contemporary writing from inside the community, and the technical record from the Counterparty protocol itself.
Read the articlesHow an anonymous trader named Mike, a Counterparty Telegram chat, and a developer named Joe Looney built every component of an NFT before the term existed. The first Rare Pepe was a Satoshi Nakamoto card minted in early September 2016. Within two months the community had a custom currency, a verification system, and a marketplace.
Read the articleThe protocol mechanics. What gets written to Bitcoin, what gets parsed off-chain, and why the design has aged better than most of its 2014-era peers.
The mechanical engineer who built the first cryptoart marketplace, took no commission, and shipped features in 2016 that NFT platforms re-discovered five years later.
A direct comparison of the two main Bitcoin NFT protocols. What each does well, where they actually differ, and what their coexistence says about Bitcoin.