Looking back at the article “The Most Expensive GIF of All Time Is Being Sold for $5,800” from 2014 is very interesting. Green's creation and auction of his GIF is basically a statement that times are once again changing and with it, the evolution of art medium.
Nowadays digital pieces of art are sold for millions of dollars. This transition of medium has sparked huge debates regarding the authenticity and technology of NFTs and blockchain networks. It’s a totally different ball game. Digital artworks are sold in “series” and generated in sets of thousands at a time. Similarly to physical art the success of NFTs are widely dependant on the popularity of the series or vendor. One NFT could be subjectively more pleasing to the eyes but if the other comes from a famous series or creator then it will undoubtedly sell for more.
This switch to digital art seems like the beginning of holding digital assets as a form of status. Much like owning a famous painting from Van Gogh or Monet. This article captured probably some of the first notions of the digital art trend. Green’s excerpt was spot on calling the internet the museum of 2014.
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