Final answer:
Nadar is the person recognized for taking the first aerial photographs from a hot air balloon, overcoming the challenges of the wet collodion process used during his time.
Step-by-step explanation:
The individual known for capturing the first aerial photographs from the basket of a hot air balloon is Nadar. Initially a caricaturist, Nadar opened his own photography studio in 1854 in Paris. He photographed notable figures such as Sarah Bernhardt and Charles Baudelaire, and was an avid enthusiast of hot air ballooning.
It was this passion for ballooning that led him to innovate and create the first aerial photographs, a feat which had its challenges due to the necessity of developing photographs with the collodion process, which required the chemical coating on the glass negatives to be wet during both exposure and development. This depiction of photography, including its difficulties, was captured by Honoré Daumier in his lithograph titled 'Nadar élevant la Photographie à la hauteur de l'Art'.