Electric Objects shutters digital art display business and sells app to Giphy
In a Medium post today, Electric Objects founder and CEO Jake Levine announced that his digital art display company is shutting down. The hardware business will completely cease to exist while Giphy has acquired the Electric Objects iOS / Android app. The news comes less than a year after the launch of its second-generation EO2 display, which I reviewed here. At the time, I had hope for Electric Objects. In addition to revenue from the displays themselves, the company had just launched Art Club, its subscription-based service that provided users with quality digital art. In some cases, the company even commissioned artists to design for the electronic displays.
On the bright side of this deal, Art Club is being opened up to the public...