NFTs were framed as tools to destroy platform capitalism’s data extraction model

Evidence

NFTs promised to solve two nagging problems: how to establish ownership over digital files and how to compensate creators for future resales. Moreover, as The New York Times’ Zachary Small put it, “NFTs were about creating a decentralized society, where users traded digital artworks like money, and about bankrupting the toxic business model of social-media platforms that siphoned their personal data for profit.” — W. David Marx, Blank Space, 721

Categorization

• DEFINE: Concise summary of the two problems NFTs claimed to solve plus the ideological pitch.