Turning Bitcoin price fluctuations into music… Brazilian orchestra experimental project underway
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- In Brazil, an orchestra project that implements Bitcoin price fluctuation data as real-time music is being promoted.
- The project can raise up to 1.09 million reais through private funding and tax benefits, and contributors can receive tax deductions.
- By tracking Bitcoin price data in real time and reflecting it in music, it is designed to allow experiencing the volatility of virtual assets in an artistic way.
- The article was summarized using an artificial intelligence-based language model.
- Due to the nature of the technology, key content in the text may be excluded or different from the facts.
An experimental orchestra project in Brazil that implements Bitcoin price fluctuation data as real-time music is being promoted. The project plans to raise private funds using a tax incentive system for cultural promotion and to present live performances.
On the 24th (local time), Cointelegraph reported that Brazil's Official Gazette said the orchestra project that converts Bitcoin price data into music had been approved to raise funds through a cultural incentive program. Accordingly, the project will be able to raise up to 1.09 million reais from corporate and individual sponsors.
The performance aims to combine concepts from art, mathematics, economics, and physics by generating music based on financial data. The venue is scheduled to be Brasília, the federal capital of Brazil, and the specific technical implementation method has not yet been disclosed.
According to the project description, algorithms will be used to track Bitcoin price fluctuations and related technical indicators in real time and convert them into musical scores. This data will be directly reflected in melody, rhythm, and harmonic structure during performances, and the orchestra will perform it live.
This approach is designed to allow an auditory experience of Bitcoin's volatility. The core idea is to combine traditional orchestral instrument performance with data-driven composition methods to express market movements as sound.
The project met the requirements of Brazil's cultural promotion law, the Rouanet Law, and passed technical review. As a result, sponsors can deduct their contributions from taxes and the project was classified in the "instrumental music" category. The scope and method of the tax incentives to be applied according to the classification have also been finalized.
The Brazilian orchestra project aligns with previous experimental trends that used virtual asset data as material for artistic expression. There have been past attempts to reflect Bitcoin prices in visual art or digital works, and this case is seen as an expansion of that into live musical performance.
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