Where did MKR originate?

Could you possibly enlighten me on the genesis of MKR? I'm quite fascinated by its emergence within the cryptocurrency realm. Could you provide a concise yet informative narrative on its origins? Was it born out of a specific technological advancement, a particular financial need, or perhaps a combination of both? I'm eager to understand the circumstances surrounding its inception and how it has managed to carve out a niche in this rapidly evolving industry.