Ethereum Now Used By Professional Artist Ai Weiwei In Priceless (PRCLS Token) Project
Ethereum Now Used By Professional Artist Ai Weiwei It Worth Money
Art activist and globally respected leader Ai Weiwei has decided to use a fresh pair of minted ETHER tokens for his next big thing. China’s government actively fights against cryptocurrency and Ai Weiwei – who is breaking the communist party’s rules – which makes pieces that are controversial. He’s not going alone though; he has the help of conceptual artist Keven Abosch.
By using Ether, the duo has built two new tokens which can be quickly distributed so that people can understand the value instilled into the symbols by modern people. Irish artist Keven Abosch has already been working on the project – looking to close the gap between contemporary art and cryptocurrency – thereby making a new genre of art.
PRICELESS or PRCLS, as the new ticker symbol is called, uses token pairs. Unlike other pairings, however, with PRCLS, one token is visible, and the other is not, they are also twin coins. They decided to go the twin route because they believe having one public side of the same token will allow them to make tokens that can be owned by everyone.
Art isn’t necessarily the purpose; the point of the token is to create something new that is not within the confines of the already established system. People are continually trying to describe the value of a thing – according to Ai – this could even include people. It’s a modern problem that society has created, an individual can be worth less than another human being. To Ai and Kevin, the concept is complete rubbish. With the new project, the art duo is hoping to create a system that produces more equality among people, while also helping them realize the perverse nature of the government and society which is continually trying to break people into different classes of value.
The new token will use a wallet address with small increments of PRCLS Tokens that have solid backing already in possession by buyers. Each address is said to hold the digital equivalent of a moment considered priceless. The ‘priceless moments’ are those deemed suitable by Ai and Abosch, after sharing them – and figuring out a way to have a token representing the moment – and at the same time its value.
The blockchain is essential for making the project work because it is immutable by nature – moments can’t be altered – it also has the potential to break the system down, thereby creating a new form of communication.