u9NjRX8zbG- Museum of Crypto Art (MOCA) May 24, 2021
If the MoCA ever lends out art, the museums receiving it will be required to include these labels as part of the art. While the specifics are still in the planning stages, the team is plotting a reputation-based system that takes into consideration attendance at events, attention spent on the art, and MOCA token holdings to grant users the ability to write the history of the pieces in the collection - community-managed museum blurbs. Reneil, a tech and strategy lead at MoCA, noted that a blockchain can be used to permanently record how a community reacts to art, and not just the art itself. While the appraisal system will start out with semi-centralized committees, the MOCA token will eventually be used to enable permanent, decentralized criticism and curation. “How do we paint the beautiful picture here, and how do we leverage the early, global creators to do that?” Community Critics Early NFT artists and collectors worked within these notions as artists sought to express them in their own terms - an “organic” and “collaborative” effort. Ultimately, Bell wants to move away from narratives about crypto being used for drugs and, instead, highlight art that represents the highest ideals of the space: Ethereum as an open-market access system, enabling freedom of identity, privacy and data sovereignty. “There’s been enough wealth generation in this community that there’s no chance, broadly, that people will let this project fail.” I want to make sure it’s captured there,” said Bell. “All the value I want to bring to the project will be through the token itself. 7QF34E3zW7- Museum of Crypto Art (MOCA) May 24, 2021 Bell said he even wants to avoid the token becoming a speculative asset itself - in part because NFT collectors largely don’t need more speculation. It’s an idealistic vision that runs contrary to the money-crazed attitude that has taken over certain pockets of the space. Submissions will be reviewed by Bell as well as two seven-member committees of artists and collectors for merit, and if approved, the team at will give a final appraisal of the value of pieces.īell said that MoCA, which has a legal entity as a nonprofit in the Caymans, has an “explicit obligation” to never sell the works accepted into the collection, and eventually, that inability to sell will be hardcoded into the DAO. While $1.5 million may seem like a paltry war chest (especially given the eye-watering sums nonfungible tokens have sold for as of late), the museum has an unusual acquisition model: 50% of the total MOCA token supply will be solely dedicated to growing the collection.Ĭollectors will apply to sell art to the museum’s Genesis collection in exchange for tokens. It remains to be seen, however, if and how a community-organized museum can survive - let alone thrive. “We’re a museum - we’re meant to work slowly.”
Part of that definitional work is gathering and presenting the art that made the NFT movement what it is today - a task of deliberate storytelling that Bell believes decentralized autonomous organizations are especially well-suited for. “There is an art movement here that is putting a visual language to the ideals of the cryptocurrency movement, and it’s making tangible and visible something that is inherently difficult to understand,” he said. JOXJvEXFHT- Museum of Crypto Art (MOCA) May 23, 2021 In an interview with Cointelegraph, MoCA co-founder Colborn Bell said that the museum has highlighted seven solo artist shows via an incubator program, and he hopes that with expanded resources, the MoCA foundation can become a commons for artists to help define NFT standards and institute policies, such as mandatory royalties on secondary sales - part of a wider effort to use the museum and its art to better define the crypto space.
#Moca museum of computer art free
MoCA, which is free to visit in virtual reality via Somnium Space, has had success in the past in fostering and showcasing cryptoart culture. Of the total MOCA supply, 5% will be airdropped to wallets that collected on OpenSea prior to December 2020, and another 5% will be available via a liquidity mining program. The token will be used to vote on pieces added to the museum’s Genesis Collection and future exhibits, allow for community curation of museum assets, and establish a runway for the museum via a $1.5-million raise. The Museum of Crypto Art announced today the launch of the MOCA token, a Polygon-based governance and utility asset. According to some estimates, coronavirus-related strains may soon force upward of one in every eight physical museums to permanently close, but despite the struggles, one metaverse-native museum is raising funds to transition to a community-governed model.
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