Future of Art management... 🤔
News for independent self-managed artists
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TODAY NEWS for artists
At Smartists we keep progressing with the development of a studio-store for independent artists that can support the exchange of value with their clients. In the pat weeks we are focusing in the integration of a Private Podcast and the tokenization of different contents with different value, some of them including use-licenses.
In Marseille (France) on March 20 a historical court judgement has acknowledged the judicial value of the inscription of an original design on the blokchain as an proof for ownership of IP rights.
At Smartists we saw that coming…
In March 2021, Georgina Mauriño wrote:
“… In other words, on the web3 whenever you create a work of art – a book, a painting, a sculpture, a song, a video – which you have saved in your computer, you will be able to register it online on a blockchain registry. In that registry, there will be permanent proof of the registry time and creation; and furthermore, only you will have the original key that shows you are the owner, since you were the first person to register it.”
Future of Art > Transgenerational Wealth
On the Internet of Value -which is possible thanks to blockchain technology and Bitcoin- the concept of “transgenerational wealth” is often repeated. We can describe it as the continuous creation and expansion of wealth across multiple generations, aiming to create a continuous flow of wealth spanning multiple generations, rather than simply passing on a single business or asset.
For years we have been hearing about globalization, about the planet... about the geographical space in which we live and which is administered by a few. But what about the temporal dimension?
Blockchain technology takes the time factor into account. In blockchain records, annotations are inmutable and persistent that is, they cannot be changed or perish. Therefore, what is recorded in the blockchain will outlive us and we can pass what is registered as ours on to whoever we want to succeed us. This is something that those who own Bitcoin know well. As for the works of Art, this leads us to the following reflection....
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Art is transmitted through generations, and by definition is part of the transgenerational wealth of humanity.
Art is a form of wealth that transcends the present moment and also travels in space. It is a testimony of human experience distilled by a human being who is capable of capturing it in an excellent way so that it may continue to touch other human beings forever.
It is important to recover the idea that the artist creates with that sense of transgenerational transcendence. And it is also important to understand that this has a measurable value: wealth. This reflection may continue in upcoming news....
This newsletter was written at Mirlo.Studio