The championship was first introduced on the August 2, 2012 edition of NXT when NXT Commissioner Dusty Rhodes announced a "Gold Rush" tournament, featuring four developmental roster NXT Superstars and four main roster WWE Superstars competing to be crowned as the inaugural NXT Champion in a knockout system format. The first NXT Champion was crowned on July 26, 2012, with Seth Rollins defeating Jinder Mahal in the tournament finals.[1][2]
As of November 3, 2014, there have been four title holders with one reign each. The inaugural champion was Seth Rollins, whose reign is also the shortest at 133 days. The longest reigning champion was Bo Dallas at 280 days.