Blockchain-Based Crowdfunding: What Impact on Artistic Production and Art Consumption?
Observatório Itaú Cultural, Issue 19, 2015
10 Pages Posted: 1 Feb 2016
Date Written: May 31, 2015
Crowdfunding relies on the contribution of a large number of individuals in order to finance the production of a particular work. Already a few crowdfunding platforms have been deployed on the blockchain, rewarding people’s financial contributions to a project with actual shares of the project. Their interests become therefore more aligned with that of the author, since anyone investing in the project becomes an active shareholder, whose return on investment ultimately depends on the success or failure of that project.
Keywords: blockchain, cryptocurrency, cryptoequity, artistic production, crowdfunding, creative commons
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