- The latest edition of the Guinness World Record listed Bitcoins and NFTs in the book under the “Cryptomania” column.
The Guinness World Record has started with a new section in its record book called “Cryptomania”. The feature in the logbooks adds Bitcoin and various historical blockchain events in its next edition.
The move to feature crypto and related events in one of the major record books reflects the importance of digital assets and their popularity in recent years.
The 2023 edition of the Guinness Book of World Records was released in September 2022 and includes Spanning Bitcoin, crypto adoption, fan tokens, and non-fungible tokens (NFTs).
Although in the book, Bitcoin is listed as the most valuable cryptocurrency, with a market capitalization of $816.69 billion as of March 24, 2022. Furthermore, Bitcoin is also recognized as the world’s first decentralized digital cryptocurrency, launched in 2009.
According to the official Guinness World Records website, “Bitcoin is a solution to the challenge of regulating a digital currency without any centralized organization or “trusted third party” to oversee transactions”, “Previous attempts to create digital currencies used similar cryptographic techniques to identify users and record transactions”, “Still, they required a trusted third party (acting as a bank) to ensure that people did not “double spend”, that is, spend the same money more than once” .
The OG Nonfungible project is the “most expensive NFT item,” after entrepreneur Deepak Thapliya bought CryptoPunk #5822 for $23.7 million, or 8,000 Ether, on Feb. 12, 2022.
It should be noted that Beeple’s record-breaking $69.3 million NFT sale was not enough, as the firm defined the NFT collectible as a “limited-edition set of artwork built around pre-rendered templates.”
Fan tokens are listed in a specific category in the book. Manchester City Tokens launched via Socios in June 2021 and was recorded as the “Most Valuable Fan Token” with a market capitalization of $47.1 million as of March 24, 2022.
The record book also singled out El Salvador and recognized it as the first country to adopt Bitcoin as legal tender in June 2021.
The record book noted that “This move, which was condemned by the World Bank, was expected to reduce the cost of international transfers, an important consideration for a country that relies on money sent home by workers abroad.”
In an interview with a crypto news website, the Guinness World Records spokesperson mentioned that each edition of the book “tries to reflect the zeitgeist of that year and the issues our readers are likely to discuss,” and that crypto joins to space travel. and TikTok as key topics.
The spokesperson further stated: “We will be watching this space with interest for years to come as the technologies underpin the development of cryptocurrencies and find a wider range of applications.
The interviewer asked the Spokesman about the most puzzling and monumental record of Cryptomania. The Spokesperson replied that the innovation of Bitcoin, since it took the company a long time to understand it.
The Spokesperson said: “Researching this title involved not only figuring out how to describe what a blockchain is […] but also to put decades of cryptocurrency research into context and what made it different from any previous project.”