The project recently received approval to raise private, tax-deductible funding under Brazil’s cultural incentive laws, with a live performance planned in the federal capital.
An experimental orchestral project in Brazil aims to convert Bitcoin price data into live music, after receiving approval to raise funds through one of the country’s tax-incentive programs for cultural initiatives.
According to Brazil’s Federal Register, the authorization allows the project to seek up to 1.09 million reais ($197,000) from private companies and individual donors for an instrumental concert that uses financial data to generate music, drawing on concepts from art, mathematics, economics and physics.
The publication does not specify whether any blockchain or onchain infrastructure will be used in the performance. The performance will take place at the country’s federal capital, Brasília.
