A groundbreaking orchestral project in Brazil is set to transform Bitcoin price data into live music, following its approval to fundraise through one of the nation’s tax-incentive programs for cultural projects.
As stated in Brazil’s Federal Register, the authorization permits the project to raise as much as 1.09 million reais ($197,000) from private entities and individual supporters for an instrumental concert that creatively weaves financial data into musical compositions, influencing elements from art, mathematics, economics, and physics.
The publication does not clarify if any blockchain or on-chain technologies will be involved in the performance, which is set to occur in Brasília, the country’s federal capital.
The project aims to transpose monetary values into musical notation through an algorithm that monitors Bitcoin (BTC) price fluctuations and related technical metrics in real time during the concert. These data points are designed to inform melody, rhythm, and harmony as the orchestra performs live.
This innovative approach seeks to provide audiences with an auditory representation of Bitcoin’s volatility by translating market fluctuations into sound, merging classical orchestral instruments with data-inspired composition.
The approval certifies that the project complied with Brazil’s Rouanet Law and successfully passed technical assessment, allowing sponsors to deduct their contributions from their taxes.
Fundraising is required to conclude by December 31, and the initiative is categorized under “Instrumental Music,” which influences the applicable tax incentives.
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Previous Ventures in Algorithmic Crypto Art
The Brazilian initiative expands upon earlier explorations in algorithmic art that have utilized crypto-native and real-world data streams as creative catalysts.
In 2020, a San Francisco-based group engaged in programmable digital art launched a project that altered its visual presentation based on Bitcoin’s price movements. The artwork, Right Place & Right Time by artist Matt Kane, incorporated BTC market data as a live input, enabling variations in the cryptocurrency’s value to drive visual changes in the piece.
This work was presented through Async Art, a platform recognized for programmable NFTs, where Kane structured the piece into a central “Master” image consisting of multiple independent layers. Each layer responded to Bitcoin price dynamics, with changes in data affecting elements like scale, rotation, and positioning over time.
Another artist exploring similar themes is Refik Anadol, whose work integrates artificial intelligence, algorithms, and extensive datasets to create immersive installations that translate diverse sources from environmental data to archival records into continually evolving visual experiences.
Recently, the artist released several NFT projects, including Winds of Yawanawá, an NFT series launched in July 2023 in collaboration with the Yawanawá Indigenous community in the Brazilian Amazon, merging real-time environmental data with traditional art in a generative digital collection.
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