Chinese Artist Ai Weiwei Works by using Ethereum to Make Artwork About ‘Value’

Chinese artist and activist Ai Weiwei has partnered on a new art project that makes use of a pair of newly-minted ethereum-dependent tokens.

Motherboard claimed Friday that Ai – well-recognised for his criticism of China’s Communist authorities as well as his art installations and pictures – is functioning with Irish conceptual artist Kevin Abosch.

Jointly, Ai and Abosch have designed two new tokens, freely distributable, in an effort and hard work to (as they describe it) illustrate how value is perceived and imbued inside of contemporary culture. And it really is an location that Abosch has by now been functioning in – bridging the worlds of art and cryptocurrency by means of his do the job – as the New York Periods previously claimed.

The project, dubbed PRICELESS (ticker symbol: PRCLS), consists of twin tokens, one of which is built publicly offered to the extent that, in theory, just about every human being on the earth could personal a fraction. The other token, in accordance to Motherboard, is locked away and inaccessible to everyone.

“It truly is not about a prospective for making art, but, somewhat, to dilemma the current system and the prospective to create a new system outside of the established one,” Ai informed Motherboard.

As Abosch said to the publication:

“From the instant we are born, persons check out to ascribe worth to us — ‘Oh, that boy is so total of prospective, or oh, that girl is worthless’ — it really is one thing culture does to us and it really is one thing we do to ourselves … Our project is just yet another matter to have interaction persons in the hope that they will shell out a minor bit much more time reflecting on the perversity of how most of us ascribe worth to things.”

Wallet addresses holding nominal amounts of the PRCLS token have by now been printed on paper and marketed to potential buyers, with every wallet tackle symbolizing distinctive “priceless moments” shared involving Ai and Abosch, illustrating how the token can signify worth.

Ai discovered in an interview with Motherboard that, for him, blockchain represents “an opportunity to established up a new system that could dismantle the old system, or at least give a new chance for interaction.”

Ai Weiwei graphic by using Shutterstock

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