2015-04-24 Empeopled - Gallery Using BTC To Tranfer Ownership of Artwork

[gogxmagog]

https://empeopled.com/p/37414?invitedby=deadturtle

Title is a bit off, basically ownership rights and provenance of digital artwork is sent through blockchain. The included press release says it all. As a practicing artist I must say this could be big news in this area. Also, this is apparently an Important European Contemporary Art gallery

[1714881899]

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[1714881899]

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[Chef Ramsay]

I will relent and say that I hope that this is bullish for art being the next up and coming in the bitcoin world. I hope your artistic world rises to the top with this outfit.

[chmod755]

Awesome. I will visit them when I'm in Vienna again (probably in May)

I didn't expect that. It's essentially government-funded Bitcoin use:

In its capacity as a federal museum, the MAK is a public scientific institution, and under the terms of the Austrian Federal Museums Act, it comes under the supervision of the Austrian Federal Ministry for Education, Science and Culture and under the control of the Auditor General.

[gogxmagog]

Yes Vienna uses a very similar funding model to promote the arts as many countries, USA, Canada, Australia to name a few "arm's length peer juried assement" is the system used to decide who gets what. http://en.m.wikipedia.org/wiki/Arm%27s_length_principle
I know that Canada where I live allocates millions yearly to artists and arts institutions. I'm sure Vienna hands out much more. The national endowment for the arts (USA) must be huge.
This type of funded art will always be niche but significant $ moves around and this blockchain solution solves problems of authentication as well as transferring value. A good fit plus artist can be very forward thinking. They are traditionally the propagandists in our society.