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Sale Date:
Starting next week,
Sotheby’s will host “
Natively Digital” a weeklong online auction foregrounding 28 influential new media artists whose works surface the historical roots and future prospects of NFTs as a medium. Anchoring the sale is
Quantum, a generative digital animation backed by the
first non-fungible token ever minted.
The work’s origin is the 2014 edition of
Rhizome’s “Seven on Seven” conference, where
Kevin McCoy and collaborator
Anil Dash premiered what they then (semi-ironically) called the monetized graphic (or “monegraph”) a digital image time-stamped and registered to its creator on the blockchain, allowing the artist to retain ownership (and be paid appropriately for authorized use) of a file that is otherwise by its nature infinitely replicable.