An experimental orchestral project in Brazil has received official authorization to raise up to 1.09 million reais (approximately $197,000) in tax-deductible funding under the country's Rouanet Law. The initiative aims to create a live concert in Brasília where an algorithm converts real-time Bitcoin (BTC) price movements and technical data into musical notation, guiding the orchestra's melody, rhythm, and harmony.
The project, classified under the "Instrumental Music" category, has met all technical and regulatory requirements as confirmed by Brazil's Federal Register. Private donors and companies can contribute until December 31 and receive applicable tax deductions. The core concept is to provide audiences with an auditory representation of Bitcoin's market volatility, blending traditional instruments with algorithm-driven, data-fed composition.
This initiative builds upon prior experiments in algorithmic and data-driven art within the crypto space. Notably, it references artist Matt Kane's "Right Place & Right Time" project from 2020, a programmable digital artwork that used live Bitcoin price data to alter its visual components. It also cites the work of Refik Anadol, known for immersive installations and NFT collections like "Winds of Yawanawá" that translate various data streams into evolving digital art.
The project highlights a growing trend of merging technology, finance, and artistic expression, facilitated by Brazil's cultural tax-incentive system to support innovative cultural offerings.
