ArtCoin

Venture Category: Urban

Community: Sensorica

Objectives

Design and implement new economic models for art and artists.

Description

Can artists work sustainably and generate wealth without selling their art? Can artistic work be sustained through a new mod of production that operates outside the market, bypassing influential intermediaries that intervene in the art market today?

We believe that this is possible!

We intend to prototype a peer-to-peer platform that more fully extends the sharing, enjoyment and interactivity of artworks, using Internet of Things (IoT), Distributed Ledger Technologies (DLT) and Artificial Intelligence (AI). We are building on an established art circulation and presentation ecosystem, Soogart, developed by the founders of the Quebec Art Council (partner in this project). Soogart is an intermediary agency between painters and venues (residential houses, offices spaces, cafes and restaurants, etc.), where painters can display their art to gain public recognition, and generate revenue from rental fees or sales.

We plan to desintermediate the economic ecosystem built around Soogart, using a decentralized cryptoeconomic model, which will provide greater opportunities to artists and venues, and make art more available to the general public.

Contents

Communication and coordination

Communication channels

Coordination tools

Planning

Status: funding stage

Needs

  • Web developers

  • Visual arts specialists

  • Venture stewarding

Notes

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Next steps

  • Sign an NDA with Verses - This venture is open and transparent, but an NDA is needed to protect Verses in case we have some discussions outside of the scope of this venture.

  • Write a memorandum of understanding that need to be acknowledged by collaborators

  • Write funding proposal

Past events


Background

This project was discussed for the first time in THIS doc with the name Artbacks. It was first proposed by Devin Balkind, discussed with Tibi at the Sensorica lab on February 27th 2017.

After that, the project was presented to Jennifer from the Quebec Arts Council and we decided to collaborate.

A funding proposal was fired to the Knights foundation, which was refused. But the project was also informally presented to Canada Heritage and they liked it. Next step is to submit to Canada Heritage.

See project main document.

Documentation repository

Incentives

Your access to decision making processes depends on weather you are part of the core team i.e. if you are part of the group of individuals that provide 80% of total time contributions to the project.

If this project gets funded, your ability to take paid tasks for development will be proportional to your past contributions.

If this project gets funded, your ability to take paid tasks for maintenance will be proportional to your past contributions.

Contributions are records in the NRP-CAS. Contributions that are not logged in the NRP-CAS are appreciated but they are not taken into consideration for governance and revenues redistribution.

IMPORTANT NOTE: This is a high stake project that requires professional collaborative practices.

Governance

more on Governance page
VENTURES are COLLABORATIVE, TRANSPARENT (anyone has access to the information that they produce) and OPEN (anyone can participate). They only produce deliverables based on OPEN SOURCE technology. VENTURES have a CUSTODIAN that represents them legally and acts as a trust for their tangible assets. VENTURES can have multiple EXCHANGE FIRMS, which are commercial entities that move products and services developed by VENTURES on the MARKET. EXCHANGE FIRMS oblige themselves by contract with the CUSTODIAN to share PROFIT with all contributors to VENTURES, from which they commercialize PRODUCTS.

Open Venture governance document

[Instruction: link to governance doc, use template to create governance - delete this after]

Organizational context

  • Network/Community: Sensorica

  • Custodian: CAKE

  • Exchange firm: Not defined

Agreements

  • Custodian Agreement [provide link]

  • Exchange Firm Agreement [provide link]

  • Venture Governance Template [provide link]