Tokenization and its Discontents

Information wants to be free, and net art is information. Trying to make it harder to copy is like trying to make water less wet. Or perhaps like trying to give it a soul. In “Blockchain Poetics” I described “new kinds of quasi-property” created using the Blockchain as a mis-application of that technology. Ken Wark is similarly unimpressed – “My Collectible Ass“, he complains in e-flux.

The history of Conceptual Art’s dematerialization of the art object shows that the art market loves nothing more than finding ways to make the previously unsaleable into financial assets. As Wark points out, “We tend to think that what is collected is a rare object.” There’s nothing rarer than something that doesn’t actually exist. But the un-ownable and non-or-barely-existent can be represented as property by proxy objects. Financial elsewheres rather than financial futures.

Cryptographic tokens are a generalization of cryptocurrency to represent assets other than money. Such as editions of digital artworks. Wark’s criterion of rarity is reflected in the name of the most successful crypto-token collectibles – “Rare Pepes” are detournements of the “Pepe The Frog” character (previously appropriated by the alt.right) that are sold as CounterParty tokens. CounterParty is a system layered on top of Bitcoin’s blockchain that allows the creation of new tokens with varying properties (different issuance amounts, subdividable or not, locked for further issuance or not, a sub-token of another token) which can then be exchanged and transferred backed by the security of the Bitcoin blockchain. It’s an older system than Ethereum or other platforms that are now used for tokens. It has few major use cases, and Rare Pepes are one of them.

The Rare Pepe Directory.

To make a Rare Pepe card you create a CounterParty token with a reference to the image you are using in its metadata, issue as many tokens as you are going to, then lock the token so no more can be issued (making the token “rare”). Rare Pepe quantities, prices and styles vary. There are magazines and virtual galleries devoted to them. There is even a subtoken representing the original physical version of one image (with an edition size of one).

A more singular set of images are the “CryptoPunks” (seen at the top of this page), which exist as an ERC20 token (almost) on the Ethereum blockchain. The “smart contract” that administers the token contains a cryptographic hash of an image of 10,000 bitmapped characters which can be bought and sold using its functions. Like Rare Pepes, the punks have a lighthearted style (they are retro pixellated avatars) and have varying rarity (some features are unique, others appear on dozens of characters) . Unlike Rare Pepes, every punk was created at the start of the project and no more can be added. At the time of writing, punks are available to purchase for 0.12 to 1,010,101,101,110,010,011,000.01 ETH (40.35 to 339,616,193,448,241,111,336,826.06 USD).

CryptoKitties for sale.

An even more playful approach may be able to take artificially scarce digital collectibles mainstream. CryptoKitties are customized cartoon cats whose appearance is determined by a digital genome (like the old “Cabbage Patch Kids” dolls) that can be interbred to produce more of them (like William Latham’s “Mutator”). At the time of writing they are taking up 13% of the Ethereum network’s capacity, making them the single biggest user of that blockchain, and the most expensive has sold for more than 100,000USD.

Every art is relative to a culture and an economy, whatever its other properties. The ground that tradeable blockchain images are a figure against is a particular moment in the history of cryptocurrency. Trading cards and digital collectibles fit a specific cultural niche, as does their iconography and the socially performative act of dealing in them. Their price may reflect the ability of cryptocurrency early adopters (who in the case of CounterParty and its XCP currency don’t have much else to spend it on) to be more extravagant with their hodlings.” follows the tokenized image edition strategy but applies it to popular/illustration art. Again each image is available for a given price in a given edition (for example 0.084 ETH in an edition of 150). The gallery takes a cut, and it takes a cut on profits on the secondary market. It also gives a cut to the artist, simulating Droit de Suite/Artist’s Resale Right. The Resale Right is controversial – it breaks the first sale doctrine and mostly benefits the estates of dead famous artists. But I implemented it as a user-settable property in the Art Market smart contract that I wrote in 2014 as I felt it was worth experimenting with in a voluntary setting.

Monegraph came out while I was working on that project. Like Ascribe it is a serious digital art registry implemented initially using pre-smart-contract technology (NameCoin for Monegraph, Bitcoin for Ascribe). These platforms’ seriousness and phrasing as registries contrasts with the playfulness and explicit tokenizaton of more recent systems. This and the already mentioned possible impacts of the social and economic impact of the increase in value of cryptocurrencies since 2014, along with the increased mainstream awareness of cryptocurrency, may explain the difference in their adoption (or at least their place in the hype cycle).

Maecenas’ web site

In contrast, Maecenas is a tokenized investment fund for physical fine art. It operates in part like the scene in William Gibson’s “Count Zero” (1986) in which Marly, one of the protagonists, reflects on how art in the mid-21st century is bought and sold as “points” in the work of a particular artist that represent shares in the value of the “originals” which are stored unseen in a vault. To quote their web site, “investors speculate via synthetic exposure: James is a Modern Art collector who needs to finance the purchase of a new Jeff Koons sculpture worth $120k.  Instead of selling items from his collection, or getting an expensive loan, James get the required funding by listing in Maecenas 20% of one of his flagship pieces of art. Access to Maecenas is via an ERC20 token named (ART)” that Maecenas claim will improve access, transparency and fairness in the art market.

Propertization, fractionalization and financialization via proxy tokens (we cannot “own” allographic digital images, or own part of autographic paintings without dismembering them, but we can own tokens that we agree to pretend represent these things) promise to support art production using the economic accident of the value of cryptocurrency going to the moon. Quasiproperty without attempts at the costly fantasy of imposing access control via DRM is a form of, or a variation on the idea of, patronage. I feel this complex of ideas should be more useful to critics of the commodity form and capitalism than it has generally been treated as so far. If we still wish to take the opposite tack this leads us to the gift economy or the commons. Copyright is the default state for most art when it is created and is being increasingly restrictively enforced on the net. Opposing it passively or actively through alternative copyright licensing can perform a critique of this and keep space open for alternatives. These strategies needn’t exclude each other though.

If you are familiar with DAOs, you can see how a system similar to these could become a self-supporting, self-curating DAO. Plantoid is an example of a singular artwork (or family of artworks) produced and exhibited in such a way. Imagine it generalized to a gallery or a participatory art show, a DAO that lets you do art with others, a DAOWO.

These technologies can provide objects for critical exploration that evoke wider contemporary themes. They can function as tools and resources for the creation of art and its social collectivities focussing on these and other themes. Within the existing economy they can provide ways of supporting the arts (as many of the projects mentioned above claim to), which should neither be dismissed reflexively nor accepted without irony. Or they can be used to try to bootstrap a different context entirely, even if only briefly or in the imagination. The various modes of tokenization represent potential ways of making a living in, critiquing, or even transforming the artworld in an era of the continuing expansion of the sphere of private property and financialization under technocapital.

Artists Re:Thinking The Blockchain


The blockchain is widely heralded as the new internet – another dimension in an ever-faster, ever-more powerful interlocking of ideas, actions and values. Principally the blockchain is a ledger distributed across a large array of machines that enables digital ownership and exchange without a central administering body. Within the arts it has profound implications as both a means of organising and distributing material, and as a new subject and medium for artistic exploration.

This landmark publication brings together a diverse array of artists and researchers engaged with the blockchain, unpacking, critiquing and marking the arrival of it on the cultural landscape for a broad readership across the arts and humanities.

Contributors: César Escudero Andaluz, Jaya Klara Brekke, Theodoros Chiotis, Ami Clarke, Simon Denny, The Design Informatics Research Centre (Edinburgh), Max Dovey, Mat Dryhurst, Primavera De Filippi, Peter Gomes, Elias Haase, Juhee Hahm, Max Hampshire, Kimberley ter Heerdt, Holly Herndon, Helen Kaplinsky, Paul Kolling, Elli Kuru , Nikki Loef, Bjørn Magnhildøen, Rob Myers, Martín Nadal, Rachel O Dwyer, Edward Picot, Paul Seidler, Hito Steyerl, Surfatial, Lina Theodorou, Pablo Velasco, Ben Vickers, Mark Waugh, Cecilia Wee, and Martin Zeilinger.

Read a review of the book by Regine Debatty for We Make Money Not Art

Buy the book here

Plantoid: the blockchain-based art that makes itself

Plantoid (2015) by Okhaos is a self-creating, self-propagating artwork system that uses blockchain technology to gather and manage the resources it needs to become real and to participate in the artworld. Structured as a Decentralised Autonomous Organization (DAO), once it is set in motion the code of the Plantoid system combines the functions of artwork, artist and art dealer in a single piece of software.

As its name implies, the physical Plantoid artworks are cyborg-looking welded sculptures of flowering plants. Flowers are a popular icon of naturalised aesthetics in art and culture. Their aesthetic and art historical appeal makes them an effective subject for subversion. Radicalized flowers wander through recent art like triffids through the English countryside. Helen Chadwick’s “Piss Flowers” (1991-2) are a proto-xenofeminist riposte to idealisation of nature and the body. Mary Anne Francis’s “The Blooming Commons” (2005) combines the ideas of organic and creative fecundity to help artist and audience consider how making art open source affects its aura. Plantoid can easily be cast in this tradition.

The physical form of Plantoid is determined by its blockchain presence, which represents an advance on the state of the art. The Bitcoin blockchain is a database that represents control of resources. Most simply these resources are amounts of Bitcoin but we can encode information representing other resources – and the right to control them – into the blockchain as well. Current general purpose Bitcoin blockchain-based systems such as Counterparty can easily represent tokens for games, for reward and voucher schemes, or for stocks and shares. Placing these on the blockchain does not magically improve them over existing means of issuing them but it does reduce their barrier to entry and make securing and maintaining them easier. It also defamiliarises them by placing them in a new context and makes them accessible and thereby inspirational to new audiences. Melanie Swan turns this idea up to 11 in her excellent survey of the state of the art and its future potential “Blockchain“, describing the application of the idea of blockchains ultimately to the global economy and even the human mind.

Plantoid sculpture
Beyond tokens, the blockchain can be a cheap and effective database of existing property and rights, including recording Free Culture licensing. It is simple to create such a system, I made the first one for artworks based on Ethereum myself. It cannot be an effective means of policing DRM (as DRM is inherently broken) and must not be treated as a means of rolling back the limits of and exceptions to the existing property and copyright regimes or of creating new entitlements ex nihilo. This would turn a technology with great (if contentious) potential for liberation into a tool of exploitation. Making a GIF of Apple’s new emoticons and selling the blockchain title to it for $250 reflects existing social pathologies rather than new technological or artistic affordances.

The technobiophilic machine-nature-form hybrid nature of Plantoid is described by Okhaos in terms that cast cryptocurrency as metabolic and reproductive resources. To quote the project page:

Perhaps the initial Plantoid will need $1000 to fully turn into a blossom. Whenever that particular threshold for the Plantoid is reached, the reproduction process starts: the Plantoid only needs to identify a new person or group of persons (ideally, a group of artists) to create a new version of itself. Given the right conditions, the Plantoid is able to manufacture herself, by executing a smart contract that lives on the blockchain, and has the ability to commission welders, companies, and other beings to build and assemble a similar being.

It’s here that we see how Plantoid represents an advance on existing systems. The parameters of each physical Plantoid are encoded on the Ethereum (rather than the Bitcoin) blockchain as smart contracts, representing the economic and manufacturing logic and the aesthetics of its production as a kind of genome. Plantoid is an active artistic production agent rather than a passive registry of existing art.

The defamiliarising effect of the blockchain allows us to unbundle the collections of rights and responsibilities that make up roles within the mainstream artworld. Paying for the creation of art, its storage and restoration, transport and exhibition. Inspiring, designing, manufacturing, promoting, experiencing, critiquing and art. The artist, the gallerist, the critic, the installer, the attendant. A new territory like the blockchain allows us to shake things up rather than to try to double down on existing relations and distribution of wealth in order to extract new rents.

Plantoid opens up the roles of artistic production in precisely this way. It uses the structure of a DAO to incentivise the funding, governance, production, exhibition and reception of Plantoids in a virtuous circle (a positive feedback loop of production). None of this confers ownership or property rights over the physical Plantoid artworks on individual human beings. Their relationships are closer to those of patronage, crowdfunding, or tipping but unbundled further. There are technological precedents for this such as the way Aaron Koblin’s “The Sheep Market” (2008) commissions drawings from clickworkers, Caleb Larsen’s “A Tool To Deceive And Slaughter” (2009) manages its own sale, the way Bitnik’s “Random Darknet Shopper” (2014) orders goods for delivery to the gallery, or Imogen Heap’s release of the single “Tiny Human” (2015) using Ethereum smart contracts

From the project page again:

Plantoids are part of an ecosystem of relationships that is powered by two driving forces: aesthetic beauty and automated governance. Plantoids subtly motivate these interactions, partly through their form and physical beauty, but also by empowering people to participate in their governance. Participants (that is, active members of the DAO) are able to decide on such things as where the Plantoids may be exhibited, whom they might visit, and exactly how they are to be reproduced.
When it receives funds by the audience, the Plantoid evolves and turns into a more beautiful flower, by e.g. moving around a means to gratify the donor and progressively opening up its petals as more and more funds are stored into its wallet. Once enough funds are secured, the Plantoid can use this money to reproduce itself, by commissioning a third party to produce a new Plantoid.

The smart contracts that instantiate these relationships contractually direct human actors to govern the DAO, to manufacture new Plantoids, and to exhibit (and return) the work. The danger of such DAOs is that of any embedded socioeconomic intent – whether corporations, charitable trusts or high frequency trading bots. We may end up with an economic Skynet that reduces us to peons in an algorithmic gig economy, any reflection of our actual needs or desires (such as to make art) perverted by the incentives encoded into an inhuman system. Plantoid exists to ensure the production of art, and its realisation by human artisans. Given the rockstar economics of the artworld and the continued collapse of socioeconomic support for artists outside it that production is badly in need of new means of continuance. The art-economic equivalent of “grey goo” – polychrome goo? – or Terminators armed with spraycans rather than phased plasma rifles seem much less likely scenarios than art DAOs becoming lifeboats or TAZes for the funding of art that is not simply decoration for the 1%. Plantoid’s explicit involvement of human producers in a comradely relationship makes it more a node in the network of collaborative and mutually supportive relationships in the peer economy than an Uberization of artistic production.

Any gap between the ambition and the technology of Plantoid can be crossed by its autopoeitic nature. Ethereum contracts cannot yet manage Bitcoin balances, for example, but using Ethereum’s existing native cryptocurrency “Ether” or one of the proposed systems for managing Bitcoin accounts from Ethereum would address this. Art’s function here, as in its development of religion at the dawn of history, is to create demand for the development of new means of production and relation that a dryly complete rational plan could not reach. Appropriately enough for such a hyperstitional work I discovered it via the blog of renegade philosopher Nick Land.

Without wishing to ventriloquise or reframe its achievements, Plantoid is an exemplary realisation of the potential of mutual interrogation and support of art and cryptocurrency. It’s an art project that uses cryptocurrency and smart contract systems to materially support itself. And that project makes the still abstract potential and operation of cryptocurrency and smart contract tractable to consideration through art. I for one welcome our new hyperstitional DAO artwork overlords.

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Crypto 2.0 and DAWCs.

Crypto 2.0 and DAWCs: Dawn of Decentralized Autonomous Workers Councils.

Many of both Bitcoin’s most vocal proponents and detractors agree that the way the cryptocurrency operates technologically determines the form of the economy and therefore the society that uses it. That society would be anarcho-capitalist, lacking state institutions (anarcho-) but enforcing commodity property law (capitalist). If this is true then Bitcoin has the potential to achieve a far greater political effect than financial engineering efforts like the Euro or quantitative easing and with far fewer resources. Perhaps variations on this technology can create alternatives to Bitcoin that determine or at least afford different socioeconomic orders.

Bitcoin is already more than half a decade old and “Crypto 2.0” systems that build on its underlying blockchain technology (the blockchain is a network-wide shared database built by consensus, Bitcoin uses it for its ledger) are starting to emerge. The most advanced allow the creation of entire organizations and systems of organization on the blockchain, as Decentralized Autonomous Organizations (DAOs). We can use them to help create those different socioeconomic orders.

Workers’ Councils are a Liberatarian Socialist system of organization. Rather than implementing Soviet-style centralized command economies, workers councils are decentralized and democratic. Workers in a particular workplace decide what their objectives are then appoint temporary (and instantly revocable) delegates to be responsible for them. Workplaces appoint representatives to local councils, local councils appoint representatives to regional councils, and so on, always temporarily and revocably. It is a system of face to face socialisation and political representation rather than top-down control.

This system emerged at various times in Europe, South America and the Middle East throughout the Twentieth Century. It is a very human method of governance, in stark contrast to the “trustless” code of Bitcoin as well as to the centralized politics of the Soviets. That said, technology can assist organization as easily as it can support material production. In the 1970s the cordones of Chile interfaced with the Allende government’s Project Cybersyn network, and contemporary online workers collectives can use the Internet to co-ordinate.

A DAO is a blockchain-based program that implements an organization’s governance and controls its resources using code rather than law. There can be a fetishistic quality to the idea of cold, hard, unyielding software perfect in its unambiguous transparency and incapable of human failing in its decision making. There can be similar fetishistic qualities to legal and political organizational perfectionism, this doesn’t disqualify any of their subjects as useful ideals however they need to be tempered pragmatically.

Using the public code and records of a DAO can help with the well known problem of structurelessness, and can store information more efficiently and reliably than a human being with a pen and paper. The much vaunted trustlessness of cryptovurrency and smart contract systems can help build trust in communication within and between groups – cryptographically signed minutes are relatively hard to forge although the ambiguity of language is impossible to avoid even in the mathematics of software.

The delegates of a workers’ council can be efficiently and transparently voted on, identified by, and recalled using a DAO. This makes even more sense for distributed groups of workers, groups that share a common cause but lack a geographic centre. Delegates can even be implemented as smart contracts, code written to control resource allocation and evaluate performance in the pursuit of their objective (unless recalled by the council that created them).

Entire councils, and inter-council organisation, can be supported or implemented in their organization as DAOs. Support includes communication and record keeping. Implementation included control of resources, running delegates as code, and even setting objectives for delegates programatically.

The latter finally brings the concept of DAOs into direct conflict with the spirit of the Workers’ Council. Councils exist to allow individual human beings to express and agree on their objectives, not to have them imposed from above. Being controlled by code is no better than political or economic control. It is the nature of this relationship to code, politics or the economy that is positive or negative – writing code to charge someone or something with seeing that a task be undertaken is no different from writing it in the minutes and makes mroe explicit that organization is production as the subject of work in itself. A democratic, recallable DAO that sets objectives is very different from a blob of capital with unchangeable orders to maximise its profits online.

The resources that a DAO controls need not be monetary (or tokenized). A DAO that controls access to property, energy or other resources can contribute to avoiding the pricing problem that conventional economics regarded as a showstopper for the Soviet cybernetic economic planning of “Red Plenty“. DAOs need not even be created to represent human organization – “deodands” can represent environmental commons as economic actors. These can then interact with workers council DAOs, representing environmental factors as social and economic peers and avoiding the neoliberal economic problems both of externalities and privatisation.

Workers Council DAOs – Decentralized Autonomous Workers Councils (DAWCs) are science fiction, but only just. Workers councils have existed and been plugged in to the network, structurelessnes and scalability are problems, DAOs exist and can help with this. Simply tokenizing “sharing economy” (actually rentier economy) forms, for example replacing Uber’s taxi sharing with La’zooz, while maintaining the exploitative logic of disintermediation isn’t enough.

If we are unable or unwilling to accelerate the social and productive forces of technology to take us to the moon, we can at least embrace and extend them in a more human direction.

The text of this article is licenced under the Creative Commons BY-SA 4.0 Licence.

(Conceptual) Art, Cryptocurrency and Beyond


1. These are the minimally reformatted and slightly expanded notes for what would have been  a 15-minute presentation.

2. The presentation was meant to be followed by questions and form part of the introduction to a panel discussion. Any questions in the comments here or on netbehaviour gratefully received.]

Art and Money

greek drachma, 600BC

Art and money have always been involved in each other’s production. This is a Greek Drachma from 600BC with a relief depiction of a sea turtle on one side. For many people this would be the artwork, or at least the image, that they saw most frequently in their everyday lives.

damien hirst, for the love of god, 2007

In the present day, high art and high finance (or big art and big finance) go hand in hand. Blue chip artworks produced by brand name artists like Jeff Koons are collected by hedge fund managers and oil oligarchs as investments and as signifiers of socioeconomic position (while stolen Old Master paintings are used as signifiers of value in transactions between criminal gangs…). This tendency reaches its logical conclusion for now with Damien Hirst’s “For The Love of God” (2007), a diamond-encrusted platinum cast of an actual human skull complete with the original teeth. It was sold for fifty million pounds sterling.

nanex, h.f.t. visualization, 2010

Looking inside the sale of “For The Love Of God” makes its narrative less straightforward. It was sold to a group including the artist and their dealer, making the actual figure and its ownership less straightforward than a simple sale would suggest. Nanex’s High Frequency Trading visualizations from 2010 look inside transcations in electronic stocks & shares markets, finding aesthetic forms in the activity of share trading bots. What the sawtooth waves of this bot’s activity represent is unknown: a glitch, a strategy, a side-effect. But without making these forms visible, we would not be able to ask these questions or reflect on this economic activity.

Art, Particularly Conceptual Art, Critiques This Relationship

cildo meireles, insertions into ideological circuits 2, 1970

It is part of the value of art, particularly Conceptual Art, that it can afford us these opportunities for reflection and critique. Cildo Meireles’ “Insertions Into Ideological Circuits 2” (1970) overwrites the contemporary equivalent of the Drachma’s turtle with a rubber stamped message on a banknote, intruding into everyday use and circulation of currency in order to give its audience a pause for critical reflection.

lynn hershman, check, 1974

Lynn Hershman’s “Check” (1974) is signed by their artistic alter ego Roberta Breitmore, using financial transactions and their attendant contracts as a producer and guarantor of identity, literally underwriting it.

douglas huebler, variable piece no. 44, 1971

Douglas Huebler’s “Variable Piece no.44” (1971) incorporates an image of its current owner into itself each year for its first decade, in an analogue precedent for Bruce Sterling’s idea of “spimes”. When the artwork is sold a new owner appears, making the artwork’s contingent economics its aesthetic subject.

sol lewitt, certificates, 1980

The initial critique of the ontology and economics of art that Conceptual Art represented in its “dematerialisation” phase represented as much of a challenge for the livelihoods of artists as it did to its chosen targets. One solution found early on was to produce certificates of authenticity or ownership for otherwise un-ownable art. This re-appropriates conceptual art for scarcity economics and as property, returning it to the market. Sol LeWitt’s certificates for two wall drawings (1980) demonstrate how this works. If you own such a certificate and I do not, and we both follow the instructions on the certificate, you produce an authentic LeWitt and I at best produce a forgery.

art and language, guaranteed painting, 1967

This stretegy was criticised (and parodied) within the Conceptual Art movement itself. An early Art & Language artwork, “Guaranteed Painting” (1967), contains a printed certificate guaranteeing that the painting accompanying it contains particular content and addressing the curator of the show it appears in as someone who can possibly intervene in artworld economic relationships.

carey young, declared void, 2005

Carey Young’s “Declared Void” (2005) is a wall drawing that creates a space in which its audience enters into a contract agreeing that the constitution of the United States. Legal form as sculptural form, this is no longer about the relationship between art and money but rather between the individual, contract law, and the state. This is the kind of relationship that produces money, or at least fiat currency, and is a broader context for considering the more specific relationship between art and money.

flower currency, 2005

I love this flower currency from 2005, produced by a group of Viennese artists. It’s both a LETS-style complementary currency and a use of the aesthetics of pressing flowers to allegorize and aestheticize the relationship between nature, production, and value in economies.

danica phelps, stripes drawing, 2013

This Danica Phelps stripe drawing (2013) shows the artist’s expenditure on reparing their car. If it depicted income rather than outcome the stripes would be green rather than red. Phelps’ work combines the ledger of their economic existence with the artistic record of their social presence.

Bitcoin as Critique

yodark, genesis block, 2013

Bitcoin emerged as a critique of state-issued “fiat” currency following the financial crisis of 2008. Bitcoin is a cryptocurrency, a piece of software that runs on computers (“nodes”) spread across the network that communicate with each other to reach a shared consensus on the current state of a cryptographically-secured ledger. Every ten minutes or so these computers bundle up transactions into “blocks”, each of which refers to the previous block. This is the “blockchain”. This is yodark’s fanciful depiction of the blockchain proceeding from the first block of transactions, the “genesis block”.

milk-crate mining rig

In reality news blocks in the chain are validated (or “mined”) by nodes in the network using increasingly specialised hardware, such as this milk crate mining rig from a couple of years ago. They perform difficult to solve but easy to validate sums on each block, the “proof of work”, and the first node to succeed gets a reward (paid in Bitcoins) for doing so.

crypto hash examples

Bitcoin account addresses, Bitcoin transactions, and the proof of work system all use cryptographic algorithms. These are mathematical ways of taking data and creating an almost un-fakeable, almost un-reversable, almost unique (where “almost” means “as likely to fail as the Earth is likely to be hit by a civilization-ending asteroid in the next 20 minutes”) identity for it. The examples here show how feeding a cryptographic hash function the same data twice results in the same incredibly unlikely number, but feeding it even slightly different data results in very different and unrelated numbers.

rob myers, facecoin, 2014

Bitcoin uses these functions to secure its network in the “proof of work” system by searching for auspicious numbers in their output (strings of zeroes in the current scheme). My Facecoin (2014) implements an alternative proof of work system in which the useless work performed is that of portraiture, (mis-)using machine vision algorithms to find imaginary faces in cryptographic hashes represented as bitmaps rather than numbers.

rob myers, monkeycoin, 2014

My Monkeycoin (2014) takes a different approach, searching for the complete works of shakespeare in textual representations of those numbers.

Paying For Art With Cryptocurrencies

eric drass, corporate fight club, 2012

Cryptocurrencies can be used in lieu of fiat currency for all kinds of transactions, including artistic ones. Here the artist Eric Drass is offering a painting for sale via Bitcoin. Different means of exhange create different kinds of social relationships, buying the painting via Bitcoin is a different kind of social and economic transaction than paying with fiat currency for it via Saatchi Online.

banksycoin, 2014

Cryptocurrencies can be created as complimentary currencies with specific intent or for specific constituencies. This is the logo of Banksycoin (2014), an attempt to create a currency to pay for art and create a parallel economy for artistic production.

theironman, nxtdrop, 2014

Cryptocurrency-based technology can change how individual artworks are owned as well as paid for. This is theironman’s “nxtdrop” (2014), the ownership of which is represented by shares on the “nxt” blockchain. Ownership of the painting can be changed fractionally by dealing in those shares.

We Can Store Information Other Than Money On The Blockchain

rob myers, proof of existence 1, 2014

There are poems, images, and other cultural artefacts embedded in the Bitcoin blockchain, disguised as transaction information. I embedded the cryptographic hash of my genome in the Bitcoin blockchain to establish my identity with “Proof Of Existence I” (2014).

Smart Contracts Generalize The Blockchain To Other Contracts

caleb larsen, a tool to deeive and slaughter, 2009

This is Caleb Larsen’s “A Tool To Deceive and Slaughter” (2009). It contains a computer that must be connected to the Internet as part of the conditions of ownership, which then immediately offers itself for sale on the eBay auction site. This kind of “smart property” is a good example of smart contracts, in which arrangements such as ownership are managed by software rather or more immediately than by law.

rob myers, art market, 2014

My “Art Market” (2014), uses the Ethereum smart contract system (a generalization of Bitcoin to contracts other than for the exchange of money) to record “owenrship” of infinitely reproducible digital files and allow them to be “sold” for cryptocurrency. Other systems exist to do this, such as the Monegraph and Rarebit systems.

rob myers, is art, 2014

My “Is Art” (2014) uses a simple smart contract to democratize the nominational strategy of conceptual art. The contract can be set to nominate itself as art or not with a click of a mouse and the paying of a small fee to execue the change on the blockchain.

rob myers, art is, 2014

My “Art Is” (2014) applies behavioural economics to the philosophy of art, allowing individuals to pay as much as they feel their definition of art it worth. This disincentivises malicious or unserious definitions and indicates an individuals’s confidence in their definition, using market mechanisms to price and allocate knowledge and even truth efficiently. fnord

rob myers, art is, 2014

CryptoCurrency and Smart Contracts Can Be Used To Constitute Artists Groups

art and language, index 002, 1972

This is Art & Language’s “Index 002” (1972), a collection of the group’s writings assembled and indexed for presention in a traditional gallery setting to assert their identity and productivity at a time when their largely conversational practice might not have looked much like “art” to outside observers. Filing cabinets and photocopied sheets were contemporary information technology, later “Indexes” would use microfilm and (allegedly random) computer-generated tabulations. Their use and the production of the “Indexes” was both a solution to and a subject of the problems of Art & Language’s work. A contemporary group could use the blockchain to similarly focus and problematize their work.

the cypherfunks

The Cypherfunks are a distributed music group. Anyone who uploads a song to the SoundCloud music sharing web site tagged #thecypherfunks receives the groups cryptocurrency FUNK in return, becoming part of the group.

dogecoin. wow, such coin. amaze.

Dogecoin is one of the most popular “altcoins”, Bitcoin-derived cryptocurrencies that are not interoperable with the original Bitcoin network. It is the coin of an intentionally constructed culture of virtue and play, with its own argot and social norms based on Internet memes (particularly the titular “Doge” and the idea of a potlatch-like norm of tipping).

millais, detail from "isabella", 1849

These are all more contemporary, and more complex, ways of demonstrating affiliation to a group than simply painting currency code-like letters on a canvas (this is a detail from Millais’ “Isabella” (1849). Possibly the ultimate in creating a group affiliation, or even a society, using smart contract technology is the idea of “Decentralized Autonomous Organizations” (DAOs), economic agents that exists on the blockchain and manage the resources of an organization via code rather than bylaws or legislation.


This is “The People’s Republic of DOUG”(2014), a DAO implemented as smart contracts on the Ethereum smart contract system’s blockchain. You can become a citizen, own property, vote, use its own currency in transactions, all functions traditionally provided by the state as conceived of in terms of contract law. Bitcoin’s dream of a stateless (but not property-less, making it anarcho-capitalist rather than anarchist) future realised in a few thousand lines of code. Imagine using (and/or critiquing) such a system for artistic organization and/or production.


  1. Sorting hype and scam from promise, and moral panic from critique, involves a learning curve when dealing with cryptocurrency.
  2. We can use cryptocurrencies to find new ways of (encouraging) paying for art, defamiliarising and critiquing artworld economics by doing so.
  3. AltCoins, crypto-tokens, smart contracts and DAOs are tools artists can use to explore new ways of social organization and artistic production,
  4. The ideology and technology of the blockchain and the materials of art history (especially the history of Conceptual Art) can provide useful resources for mutual experiment and critique.

“Now make art with it.”

The ABC of Accelerationist Blockchain Critique


Accelerationism came to prominence in 2013 with Nick Srnicek and Alex Williams’s hashtag-titled manifesto. A cloud computing-era spin on the old Marxist argument that we first need to perfect capitalism in order to transcend it, its lineage is fleshed out in a new book from Urbanomic. Urbanomic claim (among others) Nick Land’s skynet midwifery, J.G. Ballard’s science fictionalization of culture, and Marx himself as precursors to Accelerationism, establishing it as a serious anti-humanistic response to the challenges that humanity faces if it is to avoid extinction. Similar to Christine Harold’s strategy of “intensification“, Accelerationism calls for us to appropriate the value of capital’s developments and transform them materially into something else rather than attempt to resist them head-on or refuse them in our hearts.

The Accelerationist Reader (2014) by Alex Williams & Nick Srnicek.

Bitcoin is an example of an accelerationist technology. It uses Internet-scale computing resources to rebuild social bonds by destroying the requirement for them in monetary exchange. You don’t have to know me or trust me or any third parties to receive money from me in the form of Bitcoins. You just have to trust the algorithms that very publicly operate the Bitcoin network. The new Ethereum project takes the blockchain technology behind Bitcoin and generalizes to contracts for purposes other than just the transfer of money, although of course those contracts can involve payments. Ethereum contracts exist as a distributed database of small programs and their state that resembles nothing so much as an economic LambdaMOO. There’s a good guide to their promise and potential pitfalls in the talk “Ethereum: Freenet or Skynet ?” by Berkman Center Fellow Primavera Di Filippi.

Smart Contracts

Smart contracts and smart property, which uses smart contracts to identify and control ownership of physical resources, were first described by Nick Szabo in the 1990s. Smart contracts are “smart” because they are implemented as computer code rather than as legal documents. Real world examples include vending machines, in which a contract to purchase goods is encoded into the simple software that dispenses carbonated drinks when you insert the correct money, Boris Bikes, RFID card payments for photocopies, and car hire schemes that unlock vehicles and track their use with QR codes. Would-be rentiers who try to launder their ambitions with the warm fuzziness of “sharing” are salivating at the prospect, as are the incorrigible snake oil merchants of DRM, but that is not what concerns us here.

Smart contracts and smart property for art already exist. The artwork “A Tool To Deceive And Slaughter” constantly re-sells itself on eBay. The GIF ownership service “Monegraph” uses the NameCoin system to track notional ownership of instances of infinitely reproducible digital art. These are extensions of pre-digital art contracts such as certificates of authenticity or ownership for conceptual and immaterial artworks. They show a way for art to continue producing a useful critique of property and social relations under technoculture, and for new technology to feed art’s ongoing critique of its own production and nature. I wrote about this in “Artworld Ethereum – Identity, Ownership and Authenticity“, which provides code examples demonstrating how simple it is to implement some of these examples with technology dedicated to smart contracts.

The GIF ownership service by Monegraph”.

Like Bitcoin, smart contracts and smart property do not require social trust to build social value, just running code. They have very limited functionality, being unable to check RSS feeds on the Internet for information for example as that information might be tampered with. This raises the question of how individuals can be encouraged to provide valid real-world information to smart contracts rather than just entering the values that will immediately profit them the most. Capitalist economics answers this with the concept of incentives. Value, and values, can be determined by the behaviour of individuals in markets in response to economic incentives. And smart contracts are intended to make markets more efficient.

I would like to apply this agoric approach to truth to the crisis of art criticism in the face of aggregation that I identified in “The Proletarianization Of Art Criticism“. Individuals can be motivated to publish defensible aesthetic and art critical opinion in novel ways via smart contracts. I am not proposing an automated or purely algorithmic art criticism here: human activity is the core of this approach. Nor am I proposing an Amazon Mechanical Turk-style exploitation of affective labour. Rather I am proposing an Accelerationist approach, using the technology of digital capitalism to rebuild the social flows that it has destroyed.

Art is no stranger to the idea of markets, the artworld consists of one of the least regulated and therefore in theory one of the purest markets. But even ignoring the opacity and corruption of the art market, there is a problem with taking a direct approach to the art market as an arbiter of artistic value. As David Galenson‘s 2008 study of aesthetic value and market price showed there is a problem in using pure market mechanisms to establish the value of art: many “great works” have either never been auctioned or have not been to market in decades or even centuries.

I therefore propose three different approaches to art criticism via smart contracts. For work exposed to the market, the mechanisms used to price shares and other financial assets can be used. For work with less exposure, SchellingCoins and prediction markets can work alongside these mechanisms via proxies.

Aesthetic Derivatives

The prices of financial assets, stocks and shares or contracts for commodities for example, are set using a system of derivatives. Financial derivatives gained a bad reputation following their role in the global financial crash of 2008. By 2011 the notional value of the derivatives being traded was almost ten times the total GDP of planet Earth. And their automation by algorithmic high frequency trading is being increasingly scrutinized by regulators.

There are many different kinds of derivatives: short and long options, futures and exotics for example. But in theory at least their function is simple and beneficial. They enable individuals to profit by expressing whether they think a financial asset is over- or under-priced. This incentivizes them to act on this information. The resulting sharing of information and correction of prices benefits society.

Non-physical ownership, sponsorship, crowdfunding, dedications and more exotic value relationships to physical works and, crucially, to works that have not or will not be sold and to unownable digital art can be represented by smart contracts. These can then be treated as the underlying assets of derivatives, also represented as smart contracts, in whole or again crucially in fractional parts or shares. Buying and selling derivatives of shares in digital artworks, and particularly going short or long on them, represents a critical position on their worth. Where the underlying asset does not represent actual ownership of the artwork, we are closer to a prediction market than a financial market. But if the assets themselves attract prestige or value regardless of their proxy status they may become art objects in themselves.

Art criticism in such a market is a matter of financial investment and returns. Critics express their opinion of art, artists and artistic trends by buying and selling different kinds of derivatives at different times. If they are shown to be correct over time, the market will reward them. Derivatives are a prime candidate for implementation as smart contracts, there is already a project to create a standard language of (non-aesthetic) derivative smart contracts.

Cultural SchellingCoins

Since Ethereum contracts have no direct access to the outside world (or the Web), contracts that require information about the outside world must access it through intermediaries. This means that contracts must trust those intermediaries, and if it is more profitable for them to lie to the contracts that creates a problem. To remove this requirement of trust we can use a system that rewards people for independently supplying information that accurately reflects the true (or most likely) state of the world.

A SchellingCoin is an Ethereum contract that allows people to send it messages registering their opinion about (for example) the current temperature in Berlin or exchange rate between dollars and yen. Those that set the majority view are rewarded for doing so, similarly to the operation of a prediction market. But how do they know which value to choose? The game theory concept of a focal point, or Schelling point, is an answer to a question that people who cannot communicate will give independently because it seems natural, appropriate or special. SchellingCoins reward people who give the consensus answer to a question, and people can determine the right answer by converging on a Schelling point. For real world phenomena, such as temperature or exchange rates, the Schelling point is likely to be the correct answer. SchellingCoins can be implemented as smart contracts, removing the need for a trusted entity to run them.

Schellingcoins are designed to address external, quantitative phenomena. Opinions regarding cultural works are personal and qualitative, and spontaneous reactions to cultural works are even more so. This is different from the commonly expressed quantitative values that the SchellingCoin proposal requires. To adapt SchellingCoins to cultural criticism we must adopt the methods of collective intelligence and the digital humanities and use some tricks to turn personal opinion into cultural appraisal.

Collective intelligence algorithms work well with star rating systems and tags. These are popular methods for rating books, films and music on ecommerce and review sites. They can be represeented, aggregated and extrapolated from easily by software, which makes them ideal for representing opinion in SchellingCoins. There are risks in using such systems, as the low rating of the film “Gunday” on IMDB shows, but they are easy and accessible to use.

Digital Humanities approaches often involve counting the frequency of words in texts or other unstructured phenomena. The results of binary checks or of counts can be applied to Schelling coins. For example, whether an artwork appears on CAD or Rhizome or not, or whether the words “blue” or “postbinary” appear the most in reviews about it on major review sites can be reported via further SchellingCoins or via trusted feeds or oracles.

To turn these approaches into a SchellingCoin, we do not ask what people think of an artwork. We ask them what they think the average reviewer will think of the artwork (or to protect against gaming, we ask them to predict the curve for all the star ratings for the work). Given the theory of focal points, the most likely answer is the one that people suspect will be true.

Cultural SchellingCoins can therefore function as aggregators of opinion-about-opinion-about artworks, producing qualitative but consensual evaluations and critiques of works of art that contain more information than purely price-based mechanisms. Using SchellingCoins to aggregate opinion about other schellingcoins, Meta-SchellingCoings, can provide more general cultural critique.

Artistic Prediction Markets

To turn reviews into art criticism with a longer or broader perspective we can ask people not what the current state of reviews of the artwork but about what they will be in a year’s time, five years’ time, etc. How highly starred will they be and what tags/words will be used to describe them? Will the work (or the artist) be used as a point of comparison in reviews and articles? Will it (or they) still be being exhibited or purchased, and in what kind of galleries? How much will the work sell for, or in the absence of sales how many people will visit it at exhibitions? Will the artist still be working in that style, or how will their work have changed?

Each prediction can be represented as a security in a prediction market, and the current price of that security can be interpreted as the probability of that prediction. For example, a prediction market security might reward a hundred Satoshis or ten points if a particular artist has a headline show at Tate Modern. If you think there’s an 80% chance of that happening, you can pay up to 80 Satoshis or 8 points for the security representing that prediction. If you’re right you gain in return for improving the market, if you’re wrong you lose instead. There is evidence that prediction markets are successful, although they have been banned as a form of gambling in the US and the Pentagon’s 2003 attempt at a political prediction market was quickly labelled a “terrorism futures market” by the press and taken offline.

There is already a successful cultural predicton market, Hollywood Stock Exchange, where the price of “shares” in actors, directors and movies function as a prediction of their performance at the box office. The art market itself can be considered a kind of hybrid prediction market, but separating out that predictive function into a pure prediction market concentrating on critical evaluation can remove distortions that result from manipulation of the secondary market and solve the problem of representing critically valuable artworks that aren’t part of the art market.

It’s also possible, as with Hollywood Stock Exchange’s use of directors and actors as well as movies, to have prediction markets for other artworld entities. Not just artists and galleries, but movements, styles, genres, subject matter, even formal and aesthetic properties such as colours can be represented as securities in a prediction market. Buying and selling them can help set a shared understanding of their potential and impact.

Prediction markets can be represented as Distributed Autonomous Organizations (DAOs) on Ethereum’s blockchain, free from central control. DAOs present an opportunity to re-think and re-implement organizations on the blockchain. As well as markets they can be used to manage events, publications, co-operatives and educational or artworld institutions on various organizational models in a public and transparent way.


Cultural SchellingCoins, Artistic Prediction Markets and Aesthetic Derivatives are Accelerationist technologies for art criticism. Not necessarily for art criticism of the kind that survives online after being exiled from print media. Rather a functional equivalent to it that recaptures its lost authority in the form of a relationship between individuals and artistic production that exerts a guiding hand on its reception and direction. As they represent an emergent ontology of art and aesthetics manipulating these technologies, whether through technical or social means, is itself art and art criticism.


The text of this essay is licenced under the Creative Commons BY-SA 4.0 Licence.