Bill. is a Token based Economy supporting Art Ventures.
Bill. Tokens are collectable physical NFTs. They function like equity and allow for acquisition and participation rights in artistic projects. Ownership is akin to holding a stake in the project’s potential upside.
With this experimental project, Material Review wants to set an accountability protocol for the development and valuation of process-based art. The experimental system aims at promoting cooperative dynamics of creativity between artists and collectors that want to support artistic practices beyond the constrains of a materialistic and product-based art market.
The mission of this platform is to promote the decentralisation, digitalisation and the popularisation of art ownership, as well as the preservation of non-material culture. Following the principles of a financial cooperative (co-op), the platform operates as a non-profit financial institution owned and operated by its members. Bill. tokens can also be understood as “tokens-of-gratitude” and symbolize cooperation and goodwill among our community in the purest sense.
The Bill. ecosystem is inspired by duality and paradox in experimental Informatics, Gamification, Blockchain, Bureaucracy. The visual brand is highly influenced by the signature aesthetic violence of Quentin Tarantino.
Bill. experimental economy
Art proves complicated for economists to analyze, mostly because trade in unique art is in large part trade between consumers —the "secondary market"—rather than the "primary market" trade between the producer (artist) and the consumer (collector). Art trade also contradicts typical international trade models. As a culturally significant good, it is not treated by consumers the same way any other commodity would because of the aesthetic value that is unique to each piece. But despite existing either as a finite physical piece or as a digital NFT, unique art is also considered a non-material intellectual property.
Writing the Bill. protocol
We believe NFT has great potential in its application to art professionalization. Artists can attach certain rules to their work, to ensure that they will gain benefit from every sale or monetary value increase of the artwork. Using blockchain technology, the information about the entire distribution is decentralised, encrypted, and available to the public on blockchain servers. NFT could therefore overcome counterfeit, especially for collectibles, contracts, or legal documents related to ownership. On the other hand, the traditional art market—safeguarded in a paradigm of cultural philanthropy—may as well operate unseen in opaque financial and distribution chains that tolerate speculative financial investment, tax evasion, crime funds, or property concealment.
Since the advent of Bitcoin in 2009, several new models of decentralised financial systems have been created using blockchain technology. Cryptographic funding methods such as ICOs, IDOs, or IEOs require high upfront capital. Many projects in need of capital would choose venture capital routes over crypto due to lack of regulation and logistics. However, NFTs can offer new funding methods that are energy-efficient and cost-effective to raise capital without the challenges of traditional opaque investment gatekeeping.
Bill. is a Token based Economy supporting Art Ventures.
Bill. Tokens are collectable physical NFTs. They function like equity and allow for acquisition and participation rights in artistic projects. Ownership is akin to holding a stake in the project’s potential upside.
With this experimental project, Material Review wants to set an accountability protocol for the development and valuation of process-based art. The experimental system aims at promoting cooperative dynamics of creativity between artists and collectors that want to support artistic practices beyond the constrains of a materialistic and product-based art market.
The mission of this platform is to promote the decentralisation, digitalisation and the popularisation of art ownership, as well as the preservation of non-material culture. Following the principles of a financial cooperative (co-op), the platform operates as a non-profit financial institution owned and operated by its members. Bill. tokens can also be understood as “tokens-of-gratitude” and symbolize cooperation and goodwill among our community in the purest sense.
The Bill. ecosystem is inspired by duality and paradox in experimental Informatics, Gamification, Blockchain, Bureaucracy. The visual brand is highly influenced by the signature aesthetic violence of Quentin Tarantino.
Bill. experimental economy
Art proves complicated for economists to analyze, mostly because trade in unique art is in large part trade between consumers —the "secondary market"—rather than the "primary market" trade between the producer (artist) and the consumer (collector). Art trade also contradicts typical international trade models. As a culturally significant good, it is not treated by consumers the same way any other commodity would because of the aesthetic value that is unique to each piece. But despite existing either as a finite physical piece or as a digital NFT, unique art is also considered a non-material intellectual property.
Writing the Bill. protocol
We believe NFT has great potential in its application to art professionalization. Artists can attach certain rules to their work, to ensure that they will gain benefit from every sale or monetary value increase of the artwork. Using blockchain technology, the information about the entire distribution is decentralised, encrypted, and available to the public on blockchain servers. NFT could therefore overcome counterfeit, especially for collectibles, contracts, or legal documents related to ownership. On the other hand, the traditional art market—safeguarded in a paradigm of cultural philanthropy—may as well operate unseen in opaque financial and distribution chains that tolerate speculative financial investment, tax evasion, crime funds, or property concealment.
Since the advent of Bitcoin in 2009, several new models of decentralised financial systems have been created using blockchain technology. Cryptographic funding methods such as ICOs, IDOs, or IEOs require high upfront capital. Many projects in need of capital would choose venture capital routes over crypto due to lack of regulation and logistics. However, NFTs can offer new funding methods that are energy-efficient and cost-effective to raise capital without the challenges of traditional opaque investment gatekeeping.
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A concrete digital world
Mundo digital concreto
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