Go read this story on the real history of NFTs

Go read this story on the real history of NFTs

Illustration by Alex Castro / The Verge

Non-fungible tokens (NFTs) are big business now, at least for the moment. Everything from one of Creepy Chan’s first Myspace posts to a New York Timesarticle has been put up for sale. (The Times piece went for the Ether equivalent of $560,000.) But they weren’t always a speculative, suspiciously scammy garden. In fact, according to Glitch CEO Anil Dash in a new piece in The Atlantic, the whole thing started as a project kludged together for a hackathon that brought artists and technologists together.

It all started in May 2014, Dash writes, when he was paired up with the digital artist Kevin McCoy. “This was around the peak of Tumblr culture, when a raucous, wildly inspiring community of millions of artists and fans was sharing images…

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