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- Culture ministry approves fundraising effort.
- Orchestra will transform Bitcoin price movements into musical notes live onstage.
- Donations are tax-deductible, ministry confirms.
Brazil’s culture ministry has given its blessing to an art project that aims to turn Bitcoin price volatility into impromptu musical masterpieces.
The ministry has approved the project’s plans to raise $195,000 from private sector firms and donors, Brazil’s Livecoins reported.
However, the campaign must wrap up funding by the end of the year.
If the project, spearheaded by the real estate and sports firm Rede Conexão Brasília, receives enough funding, it will culminate in a live orchestra “making Bitcoin music” during a performance in the city of Brasília.
“The performers are aiming to translate the fluctuations in Bitcoin price charts […] into a live work of art,” Rede Conexão Brasília said. “This translation will occur in real time during the stage performance.”
The project “seeks to blend the behaviour of the financial markets with the traditional sound of classical instruments,” Livecoins reported.
Audiences at the forthcoming concert will be able to hear how “monetary statistics turn into musical notes,” allowing the orchestra to “interpret the melodies generated by the chart data.”
Bitcoin melodies
The project’s masterminds say the performance will show how the maths underlying cryptocurrency price movements “can result in audible harmonic patterns.”
“The audience will hear a sonic representation of the volatility and movement of the digital economy,” they explained.
The organisers say they’ll use an algorithm to monitor Bitcoin price charts, converting each tiny upward, sideways or downward movement into a musical note.
Donors will be eligible to receive tax breaks in the form of income tax deductions, the ministry confirmed.
The project may remind some crypto traders with long memories of the Cryptocurrency Girls, a Japanese pop group that formed in 2018, also known as the Virtual Currency Girls.
Each of the group’s eight members represented a popular token, including Bitcoin, Ethereum, XRP, and NEO.
The act also received its salary in crypto, and its songs featured a range of crypto and NFT-themed lyrics.
Tim Alper is a news correspondent at DL News. Got a tip? Email him at tdalper@dlnews.com.
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