NFT project
I´ve created this artwork celebrating the Bitcoin and the freedom it represents. The art piece is made from solid walnut wood and the Bitcoin logo is plastically brought out with inlays gold-plated in hand with 24 karat gold. The artwork is assembled of 51 parametric segments creating the one-of-a-kind work of art.
This sculpture depicts the uniqueness of Bitcoin among the mass of traditional currency along with celebrating the economy in its complexity. Every aspect of the artwork reflects one of the main components of the financial system. The decision-making right that the owners gain represents a parallel to the stock market, where each vote affects the direction the project takes. The straight connection to the current price of Bitcoin then symbolizes the connection with currency markets where the value varies depending on the current price of the cryptocurrency.
The physical presence of 24 karat gold refers to the commodity market and its historical value in maintaining the value. Gold as one of the most stable commodities represents permanent value and connection of traditional wealth with the modern world of cryptocurrency. The Bitcoin logo, rightfully seen as the king of cryptocurrency, ties the whole project together, and refers to the financial system revolution that Bitcoin represents.
Each single segment is introduced with detailed technical documentation in the visually corresponding style of cyanotypes that had been digitized into the NFT format on the Bitcoin blockchain network. That results in a collection of 51 NFTs where each of them relates to one of the segments of the physical artwork.
Aside from the ownership share, the NFT owners also gain the decision-making right that decides the placement of the artwork in art galleries. Each NFT represents one vote and the major owner or a group of owners have the right to decide which gallery the artwork will be displayed at. The direct connection to the Bitcoin price causes the value of the NFTs to vary depending on the current price of the prime cryptocurrency.