A R T

Original (2019). Restored (2021).

Valued at: 0.0 ETH (~$0 USD)
Currently held by .
They've held it for a lifetime of 0 thus far.
Patronage Rate: 5% per annum of sale price.



A R T

V2 (2020)

Valued at: 0.0 ETH (~$0 USD)
Currently held by .
They've held it for a lifetime of 0 thus far.
Patronage Rate: 100% per annum of sale price.



THE ARTWORKS:

First launched on March 21, 2019, these NFT, digital artworks explore digital art with novel property rights associated with it. Using the Ethereum blockchain, it is possible to introduce scarcity of ownership alongside novel economic and property rights. Inspired by Radical Markets, this artwork follows a modified Harberger Tax (COST) property ownership where the tax on the property (patronage) is collected only by the artist. It is perpetual royalty.

Through this, it asks a few questions:
Does this digital art property rights system change the relationship between collector/patron and artist?
Does allowing for a more readily available avenue for patronage create more revenue for an artist?
Does this property rights system allow for more sustainable funding of creative works?
Does an always-on auction and market for arts and subsequent speculation/pricing change the relationship towards the art and the artist?
Does the increased turnover of the digital art and subsequent possibility of ownership by more people increase the value of the art (financially and artistically)?
Does always-on-sale art help us understand how much of our currently life is already always on sale without us knowing it?

For more information, read this article: https://medium.com/@simondlr/this-artwork-is-always-on-sale-92a7d0c67f43

The first artwork has a patronage rate of 5%. It was restored after it was discovered that it was damaged. A new edition was created, launched in June 2020, using a new patronage rate of 100% in order to continue experimentation. You can check out more technical details, fork this project, and create your own artwork here:

https://github.com/simondlr/thisartworkisalwaysonsale


THE ARTIST:

I'm a creator at heart. I have created games, writing, music, code, companies, and new economics. Solving the problems of the creator has always been important to me. In the past I co-founded Ujo Music, working with Grammy-winning artists such as Imogen Heap and RAC to launch the first music royalty projects using smart contracts. I've helped kickstart wholly new markets and economies. I helped to create the Ethereum ERC20 token standard and token bonding curves, technologies that's currently facilitating economies worth several billion dollars of value. I enjoy creating new forms of art and experimenting with ways to empower creatives.

Swing me a follow on Twitter! @simondlr.
Check my other art projects. blog.simondlr.com/art