Japan Media Arts Festival  

Art Division

Jury Selections

Art 3.0

Internet art

Neil MENDOZA [United Kingdom]


Using blockchain, this work questions the value and ownership of art. The price of Art 3.0 is not subject to the whims of the art market but algorithmically determined and displayed in ETH, the Ethereum cryptocurrency, at all times. Each time the work is sold, its value increases 50%. The previous owner receives his purchase price plus 40%, a charity of the exhibiting institution’s choice receives 2.5% and the artist receives 7.5%.

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