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Sotheby's Institute of Art

History of Art, Architecture, and Archaeology

NFTs

Publication Year

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Full-Text Articles in Fine Arts

How Nfts Are Driving The Latest Evolution Of Art From Physical To Digital In A Pandemic Age., Isabel Dominguez De Haro Jan 2022

How Nfts Are Driving The Latest Evolution Of Art From Physical To Digital In A Pandemic Age., Isabel Dominguez De Haro

MA Theses

Prior to 2014, the art industry did not know a lot about NFTs and the benefits of
blockchain technology. That is because when the technology was created in 2008,
it had nothing to do with art. In fact, it was primarily developed as a way to
decentralize a broken financial system.1 And, even when the art industry began
successfully using the technology in 2017, it was the digital art world and not
traditional artists, galleries, auction houses, or dealers who first recognized the
benefit of using digital tokens to represent ownership of a unique asset. So why
now are NFTs …


The Brave New Virtual Art World The Evolution Of Digital Art: Nfts And Their Effects On The Art Market In 2021, Sophie Delaplaine Jan 2021

The Brave New Virtual Art World The Evolution Of Digital Art: Nfts And Their Effects On The Art Market In 2021, Sophie Delaplaine

MA Theses

The first half of 2021, NFT crypto art captured both the public’s attention and the art market due to the escalation of sales prices and the auction houses acceptance of cryptocurrencies. As an artform, digital art is not new. It began in the 1960s and 1970s with roots as early as the 1940s. During this evolution the lines between technology and art have intersected, often become blurred and in many cases have merged into new artforms. Even when scholars trace the origins of digital art to present day it is difficult to tell if scientists are influencing artists or artists …