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Ed Fornieles

eddfornieles

Artist

Creates dynamic funding models based on crypto currencies

Ed Fornieles, The Cel, 2018, 6th Athens Biennale 2018 ANTI, photo by Nysos Vasilopoulos
Ed Fornieles, The Certificate Program, 2018, 6th Athens Biennale 2018 ANTI, photo by Nysos Vasilopoulos

The Cel (2018), The Certificate Program (2018)

Ed Fornieles’s contribution to AB6, The Certificate Program, is a dynamic funding model that intends to reshape the financial mechanisms sustaining an artist’s studio. Employing Ethereum blockchain technology to store and distribute value, each certificate contains an embedded key with a scratch panel. In order to cash out, holders must scratch the panel, thus requiring them to evaluate whether the value of the certificate or the value of Ethereum is higher at the point in time. The sale value of each new generation of certificates goes up at fixed points, allowing early supporters to enjoy a low price while benefitting from the higher contributions of future investors. The video The Cel documents an immersive live action role play (LARP) and real game play (RGP) by OMSK Social Club, which invited players to leave their regular lives behind for a period of 72 hours to engage in alternate realities that confront deep individual and collective psychological patterns.

 

#cryptocurrency #ethereum #blockchain #decentralizedinvestment #certificate #financialtool #thegroup #larp


photos: Nysos Vasilopoulos, 6th Athens Biennale 2018 ANTI

The Certificate Program, 2018
Cryptocertificate, 190 gr. paper, 31 × 41 cm

The Cel, 2018
Video

Courtesy of the artist