Golden Observation丨Can blockchain art become a cultural symbol of the encryption industry?

Golden Finance Blockchain September 29 News I believe everyone is familiar with Christie’s auction house in New York. The works of art created by the greatest artists in history, such as Monet, Picasso, Warhol, Pollock, etc., have been displayed in the Christie’s gallery. Shocking. From October 1, however, there will be a brand new work: a huge and alluring "record" in the Christie's gallery, the first in the "Portraits of a Mind" series. 21 pictures.

The work is one of a suite of digital artworks, 40 in total worldwide. The artwork, which at first glance looks like an ancient piece of art, contains 12.3 million digits of Bitcoin code. The 21st work will be exhibited at Christie's New York gallery from October 1-6, 2020, and then auctioned on the 7th. This is also the first time that the blockchain community has been able to showcase its cultural foundation on a global stage, and it is also the first time that Christie's has offered blockchain-related artwork.

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The creator of this work is named Ben Gentilli (Ben Gentilli), a behind-the-scenes artist. The work is built on a 50.59-inch-diameter canvas disc, covered with suspended paint and coated with graphite and aluminum paint. Thousands of hexadecimal codes (322,048 codes to be exact) are engraved on the surface of the work, and each code is hand-carved and dotted with gold color (a metaphor for bitcoin mining) , also arranged in a (decentralized) constellation pattern, some of which are highlighted in gold, radiating from a central void. If you look closely, you will also see the serial number of the work on the inner circle: "Block 21".

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2. Venezuelan citizens will only be able to apply for passports through petro coins.

3. British telecommunications regulator will use blockchain to improve phone number management.

4. The European Securities and Markets Authority is reviewing ICO projects one by one and studying encrypted assets.

5. The Israeli Tax Authority is considering cutting crypto taxes by 50%.

6. The World Trade Organization stated that blockchain technology will have a subversive impact on the financial system.

7. The UAE's new regulations in 2019 will allow companies to raise funds through ICO.

8. The breakthrough of BTC drives the market to strengthen.

9. The Hong Kong Monetary Authority stated that it has never invested and has no plans to invest in any encryption or related products. [2018/10/9]

Not only that, the work "Portrait of the Mind" is closely related to 39 other works of the same series in the world. If all the works are connected together, the length will exceed 50 meters, and the 12.3 million digital codes on the work are all handmade and passed through precise Transcribed Bitcoin v0.1.0 original code. Since the digital fingerprints on the works are carved with paint, the whole creative process is extremely difficult. Despite the help of specialized machines, it took Ben Gentilly three years to finish the job, and he even quit his job and moved to an abandoned police station. But in the end, Ben Gentilli realized his dream. Even more amazing is that when all the codes in these 40 works come together, you can see the full picture of this series: a portrait of Satoshi Nakamoto, the anonymous founder of Bitcoin.

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While no one has ever seen Satoshi behind the scenes, Gentilli said that to him the work is Satoshi because it is scattered around the world like bitcoins. When talking about why this work was created in the form of a disc, Ben Gentilli expressed the hope that people can recall the symbolic "digital circular products" through the disc, such as coins and Yap Island stone coins , password wheel, astronomical chart, etc. At the center of each "disc" is a coin with an image of the monarch on its face and an empty space around it.

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It is worth mentioning that the reason why Ben Gentilli wants to publicly display and auction the 21st work of the "Portrait of the Soul" series is of profound significance, because the total supply of Bitcoin is 21 million. In addition, the authenticity of each "Portrait of the Mind" series of works can be verified by linking to the Bitcoin blockchain through the unique OpenDime key on the back of the painting, and the 21st work also has an associated NFT token. The digital world is connected to ensure the authenticity of the work, which is also a first for Christie's auction. While the Bitcoin code only goes back to 2009, Portrait of a Mind goes back much further, 5,000 years to be precise. You should know that each work in the series is associated with a specific set of geographical coordinates related to history. For example, the 23rd work points to Hut 8, Bletchley Park, England, where Alan Turing, the father of computing, used to live. office.

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Some people can't help but wonder why Ben Gentilli split the series of "Portrait of the Mind" and refused to sell multiple works to the same collector? He said that he wanted to use this approach to reflect the decentralized purpose of cryptocurrency: decentralization. Since the beginning of this year, the 0-20 works in the "Portrait of the Soul" series have been acquired by many cryptocurrency enthusiasts, including Binance CEO Changpeng Zhao, Bloq Chairman Matthew Roszak and Kenetic co-founder Jehan Chu et al. Now these works are scattered in all corners of the world as the creators wished.

These collectors are big names in the crypto industry who believe digital collectibles have reached a whole new level. Among them, Matthew Roszak, chairman of Bloq, expressed his shock at the depth of the series, the author's understanding of decentralized art and the overall aesthetics. important milestone in history. Jehan Chu, the co-founder of Kenetic Capital, said that he was very lucky to be able to hang one of the works in the "Portrait of the Soul" series on the wall of his home. As an early bitcoin holder, he was also a part of the bitcoin revolution. For him, the significance of bitcoin is not only reflected in currency and value, but also in the sub-region of decentralization and power structure changes. In culture, it represents a paradigm shift.

Looking back at the historical development of mankind, revolutionary technological development and artistic display are inseparable. The emergence of every emerging technology is always accompanied by the artist's painstaking creation. Just as the beginning of the Industrial Revolution, the British painter William Turner created a work called "Rain, Steam and Speed—Railway to the West, 1844". This painting depicts a real technological revolution, The painter depicted the end of the Romantic period and the beginning of the Industrial Revolution through the steam engine. The painting still hangs on the wall of the National Gallery in London. In addition, Christie's also successfully auctioned a painting "Portrait of Edmund Bellamy" created by artificial intelligence in 2018. This painting depicts a man with a slightly blurred image in an off-center position. He is chubby, wearing a dark coat with a white collar, and the creator's signature "min max Ex[log(D(x))] + Ez[log(1-D(G(z))) is displayed in the margin of the painting. ]". Ultimately, the work was acquired by an anonymous buyer for $432,500.

Now, the hands of the clock are pointing to 2020. The emergence of Bitcoin has brought revolutionary changes to the whole world. This is the first time in half a century that a global currency supply that exists apart from the concept of a country has appeared. People can see from the entrance of Christie's, a well-known auction house with a long history, that digital collections have matured. Art and culture play a fundamental role in exploring and promoting the role of blockchain in society, while preserving stories and historical value for future generations. The Bitcoin experiment has not yet been completed, but if Bitcoin is not successful, the "Portrait of the Mind" series of works will also leave the most critical legacy to future generations - the idea of decentralization. the

The Bitcoin codebase is arguably one of the most important historical documents of our time, and it is gratifying that art history has finally become immortal as well. If the cryptocurrency pioneers were a tribe with great pride and self-identity, they too would now have a cultural symbol to symbolize their tribe.

Part of this article is compiled from Yahoo Finance

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