Why Your .JPEGs Aren’t Making You A Millionaire

Link: [#DIGART] Why Your .JPEGs Aren’t Making You A Millionaire | The Creators Project

The commodification of internet art is not going to happen in the way the art market has traditionally operated or in any way currently being attempted. This all comes down to a simple square-peg-in-a-circular-hole economic dilemma, which is that digital content is infinitely reproducible and free while physical commodities are scarce and expensive. “But wait!” a Sean Parker-esque voice says in the distance, “What about Facebook, Spotify, Kickstarter? They’re making money and they exist online!” Indeed they are making money Mr. Timberlake, but let’s look at some of the business models today’s online companies employ and see if they’re able to provide a sustainable market for internet art.