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Bitcoin lore They’re widely seen as a precursor to NFTs (non-fungible tokens) because they were among the first ways to make Bitcoin’s fungible coins represent unique or specific assets via metadata Colored coins are normal Bitcoin coins that are “tagged” to mean something special. That tag can say the coin represents a share, ticket, property, or any asset. So the Bitcoin blockchain becomes a way to prove who owns those things, not just money https://bitcointalk.org/index.php?topic=347398. https://x.com/huuep/status/2054302309161787851?s=46