A Brazilian experimental orchestra will translate Bitcoin market data into a live concert after receiving formal approval to raise funds through the country’s cultural tax-incentive framework. Brazil’s Federal Register says the project can solicit up to 1.09 million reais (about $197,000) from private companies and individual donors to stage an instrumental performance in Brasília that converts financial figures into music. The authorization — granted under Brazil’s Rouanet Law after technical review — also lets sponsors deduct contributions from their taxes. Fundraising must be completed by Dec. 31 and the initiative is classified in the “Instrumental Music” category, which determines how the tax incentives apply. According to the proposal, an algorithm will track Bitcoin price movements and related technical indicators in real time during the performance and map those inputs to musical notation. Changes in price and market behavior will guide melody, rhythm and harmony, with a traditional orchestra playing alongside the data-driven composition. Organizers say the goal is to give audiences an audible sense of Bitcoin’s volatility by turning market signals into sound. The Federal Register notice does not say whether any blockchain or on-chain infrastructure will be involved in the performance. The project draws on concepts from art, mathematics, economics and physics, and positions itself at the intersection of classical music and algorithmic composition. This Brazilian initiative follows a growing line of algorithmic art that uses crypto and real-world data as creative material. In 2020, artist Matt Kane released Right Place & Right Time on Async Art, a programmable digital artwork whose layered visuals reacted to Bitcoin price movements. Media artist Refik Anadol has also built immersive, data-driven installations and released NFT projects such as Winds of Yawanawá (July 2023), a generative collection created with the Yawanawá Indigenous community that incorporated real-time environmental data. For crypto-minded patrons and companies, the project offers both cultural cachet and a tax-efficient sponsorship route under the Rouanet Law. For audiences, it promises an unusual way to “hear” market dynamics — translating the abstractions of trading into live orchestral expression. Read more AI-generated news on: undefined/news

#BTC #NFT