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www-theatlantic-com-5784		NFTs Were Supposed to Protect Artists. They Don't. - The Atlantic			.html	text/html	2303	153	72	Seven on Seven was modeled after tech-industry hackathons, in which people stay up all night to create a working prototype that they then show to an audience. The system of verifiably unique digital artworks that we demonstrated that day in 2014 is now making headlines in the form of non-fungible tokens, or NFTs, and it's the basis of a billion-dollar market. Last week, Kevin Roose, a technology writer for The New York Times, offered a digital image of his column for sale in a charity auction, and a pseudonymous buyer paid the equivalent of $560,000 in cryptocurrency for it. I don't want to let go of the optimistic ideal behind NFTs. McCoy still believes that blockchain technologies can help artists sustain their work. Our initial NFT demo in 2014 was so well received that McCoy and I were invited to present the tech again a week or two later—this time at TechCrunch Disrupt NY, one of the technology industry's highest-profile conferences.	./cache/www-theatlantic-com-5784.html	./txt/www-theatlantic-com-5784.txt