NFT Art, or non-fungible token art, has taken the art world by storm in recent years. This new form of digital art is unique in that it is verified and secured through the blockchain, making it a valuable and one-of-a-kind creation. Here is a more detailed timeline of NFT Art, from its beginnings to the present day.
2014: The first NFT artwork, “Quantum,” is created and sold by artist Kevin McCoy and technologist Anil Dash. This was the first time that a digital artwork was tokenized on the blockchain, paving the way for the NFT Art market to emerge. “Quantum” was sold for 1,000 Bitcoins, or roughly $500 at the time.
2015: Interest in NFT Art begins to slowly grow. At this time, there are few platforms for buying and selling NFT Art, and the market is still very small. However, the potential of the technology starts to become more widely recognized, and artists begin to experiment with the medium.
2016-2017: A few artists begin experimenting with NFT Art. Artist and coder Joshua Davis creates a series of animated digital artworks that are sold as NFTs on the blockchain. Digital artist Osinachi also begins creating and selling NFT Art pieces, gaining a following on social media. These early pioneers help to establish NFT Art as a new form of digital art. In 2017, artist Michael Manning exhibits a series of NFT Art pieces in a physical show at Transfer Gallery in New York. This was one of the first physical exhibitions of NFT Art, helping to legitimize the medium as a form of art.
2018-2019: The launch of SuperRare, a platform for buying and selling unique, one-of-a-kind digital art pieces as NFTs. The platform quickly becomes popular with NFT artists and collectors, and several successful NFT artists emerge on the platform, including Trevor Jones, Mad Dog Jones, and Pak. KnownOrigin, another platform for buying and selling NFT art, also launches around this time. The emergence of these platforms helps to grow the NFT Art market and make it more accessible to artists and collectors.
2020: Musician and artist Grimes sells a series of digital art pieces for nearly $6 million. This sale, conducted on Nifty Gateway, attracts widespread attention to the medium from both art collectors and mainstream media. It is one of the first high-profile sales of NFT Art, and it helps to establish the medium as a valuable and legitimate form of digital art.
2021: Beeple’s landmark sale of “Everydays: The First 5000 Days” for a record-breaking $69 million at Christie’s auction house. This sale is a watershed moment for NFT Art, bringing it to the mainstream and establishing it as a legitimate art form. “Everydays” is a collage of the first 5,000 digital artworks in Beeple’s “Everydays” series, which he had created and posted online each day for 13.5 years.
2022-2023 (and beyond): We are now in the new age of NFT Artists. With innovative technology and limitless creativity, artists are making history and changing the art world forever. The potential for NFT Art is vast and exciting, and we can expect to see more incredible works of digital art emerge in the coming years.
In conclusion, NFT Art has come a long way since the creation and sale of “Quantum” in 2014. From the early pioneers of the medium to the record-breaking sales of Beeple and others, NFT Art has established itself as a legitimate and valuable form of digital art.