Bringing context and critique to the cultural moment. Deep dives, reviews, and debate encouraged.
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© 2020 Relevant Protocols Inc.
Bringing context and critique to the cultural moment. Deep dives, reviews, and debate encouraged.
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© 2020 Relevant Protocols Inc.
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"A response to the environmental cost of crypto art by artists, activists and theorists."
"A response to the environmental cost of crypto art by artists, activists and theorists."
Research into new technologies including blockchain is essential.
Research into new technologies including blockchain is essential.
Toward a New Ecology of Crypto Art: A Hybrid Manifesto. A response to the environmental cost of crypto art by artists, activists and theorists. "Despite his attempts to reduce his studio’s electricity consumption every year, it turned out his NFT release had consumed in ten seconds more than his entire studio over one and a half years." "Akten revealed that the carbon footprint of an average single-edition NFT is equivalent to driving a petrol car for 1,000 kilometres. He also highlighted how, for higher editions, the figures are equivalent to dozens of transatlantic flights. These findings have checked the optimism associated with the crypto art marketplace as a halcyon space liberated from old gatekeepers and intermediaries — the ultimate free market. A state of innocence it is not." "However, as I calculated the figures — of orders of magnitude higher than other typical online activities — I realized that the issue of sustainable platforms not only needs to be part of the crypto conversation, it is the conversation — into which systems, functional applications, and power structures are all enmeshed." "True to crypto’s inaugural mission back in 2008, blockchain-based online art marketplaces cut out the middleman and now offer artists a more intimate and direct relationship with buyers. As a distributed record of transactions, the blockchain creates transparent histories of ownership, sale prices, and present locations of all tokenized artwork, while potentially bolstering artists’ resale rights. Blockchain technologies have also enabled new forms of shared ownership that are more accessible for younger, less-deep-pocketed collectors. Yet these new marketplaces are fatally flawed. The leveraging of an artist or artwork into a speculative investment scheme is underpinned by neoliberal techno-politics."
Toward a New Ecology of Crypto Art: A Hybrid Manifesto. A response to the environmental cost of crypto art by artists, activists and theorists. "Despite his attempts to reduce his studio’s electricity consumption every year, it turned out his NFT release had consumed in ten seconds more than his entire studio over one and a half years." "Akten revealed that the carbon footprint of an average single-edition NFT is equivalent to driving a petrol car for 1,000 kilometres. He also highlighted how, for higher editions, the figures are equivalent to dozens of transatlantic flights. These findings have checked the optimism associated with the crypto art marketplace as a halcyon space liberated from old gatekeepers and intermediaries — the ultimate free market. A state of innocence it is not." "However, as I calculated the figures — of orders of magnitude higher than other typical online activities — I realized that the issue of sustainable platforms not only needs to be part of the crypto conversation, it is the conversation — into which systems, functional applications, and power structures are all enmeshed." "True to crypto’s inaugural mission back in 2008, blockchain-based online art marketplaces cut out the middleman and now offer artists a more intimate and direct relationship with buyers. As a distributed record of transactions, the blockchain creates transparent histories of ownership, sale prices, and present locations of all tokenized artwork, while potentially bolstering artists’ resale rights. Blockchain technologies have also enabled new forms of shared ownership that are more accessible for younger, less-deep-pocketed collectors. Yet these new marketplaces are fatally flawed. The leveraging of an artist or artwork into a speculative investment scheme is underpinned by neoliberal techno-politics."
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