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- The latest edition of the Guinness World Record featured Bitcoins and NFTs in the book under the column of “Cryptomania.”
The Guinness World record has started featuring a new section in their record book called “Cryptomania.” The feature in record books adds Bitcoin and several blockchain historical events in their upcoming edition.
The step of featuring crypto and related events in one of the leading record books mirrors the importance of digital assets and their popularity in the last few years.
The 2023 edition of the Guinness book world record was launched in September 2022 and includes Spanning Bitcoin, crypto adoption, fan tokens, and nonfungible tokens(NFTs).
Although in the book, Bitcoin is listed as the most valuable cryptocurrency, with its market cap of $816.69 billion as of 24 March 2022. Moreover, Bitcoin is also acknowledged as the world’s first decentralized digital cryptocurrency, launched in 2009.
According to Guinness World Records’ official website, “Bitcoin is a solution to the challenge of regulating a digital currency without any centralized organization, or “trusted third party” to oversee transactions,” “Earlier attempts at creating digital currencies used similar cryptographic techniques to identify users and log transactions,” “Still, they required a trusted third party (acting like a bank) to ensure people didn’t “double spend” – spending the same money more than once.”
The OG Nonfungible project is the most “expensive NFT collectible,” after CryptoPunk #5822 was purchased for $23.7 million, or 8,000 Ether, on 12 February 2022 by businessman Deepak Thapliya.
It should be noted that Beeple’s record $69.3 million NFT sale didn’t cut it there, 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 specified category in the book. Manchester city tokens were launched via Socios in June 2021 and were recorded as the “most valuable fan token” with a market capitalization of $47.1 million as the 24 March 2022.
The record book also highlighted El Salvador and recognized it as the first country to adopt Bitcoin as a legal tender in June 2021.
The record book noted that “It was hoped that this move, which was condemned by the World Bank, would reduce the cost of international transfers — an important consideration for a country that is reliant on money sent home by workers overseas.”
In an interview with a crypto news website, the Spokesperson of the Guinness World Records mentioned that each edition of the book “tries to reflect that year’s zeitgeist and the topics our readers are likely to be discussing,” with crypto joining the likes of space travel and TikTok as key subjects.
The Spokesperson further stated, “We will be watching this space with interest over the next few years as the technologies underpin crypto develop and find a wider range of applications.
The interviewer asked the Spokesperson about the most puzzling and monumental record of Cryptomania. The Spokesperson replied that Bitcoin’s innovation, given that it took the company a long time to get its head around it.
The Spokesperson said, “Researching this title involved not only figuring out how to describe what a blockchain is […] but also putting into context decades of cryptocurrency research and what made it different to any earlier projects.”
With a background in journalism, Ritika Sharma has worked with many reputed media firms focusing on general news such as politics and crime. She joined The Coin Republic as a reporter for crypto, and found a great passion for cryptocurrency, Web3, NFTs and other digital assets. She spends a lot of time researching and delving deeper into these concepts around the clock, and is a strong advocate for women in STEM.
