Bitcoin-inspired artist cryptograffiti has announced the launch of an open-source project meant to facilitate bitcoin revenue streams for DJs and music producers with an accompanying public demonstration including a live DJ set performed at the U.S. Mint in San Francisco.
“The event entitled ‘Strikes Twice’ is named after the new plugin’s ability to automatically split micropayments into separate addresses,” per an announcement shared with Bitcoin Magazine. “If live stream viewers enjoy one of the tracks played during the event, they can send bitcoin tips to a static QR code that splits the payment based on the track being played at the time with a fixed percentage going to both the DJ as well as the producer of the track.”
Cryptograffiti, who is a DJ as well as a visual artist, was motivated to launch the project after seeing an increase in live stream copyright takedowns during the COVID-19 pandemic. The project also has a non-fungible token (NFT) component, with visuals presented during the demonstration to be released on a forthcoming Bitcoin sidechain marketplace as NFTs.
“People focus on banks, but Bitcoin’s enabling of new revenue streams will rebalance power in all sorts of industries,” cryptograffiti told Bitcoin Magazine. “The digital economy is broken for musicians who line the pockets of third-party platforms while having to heed arbitrary rules enforced by bots. We need to look at different models that better support artists.”
I had the opportunity to sit down with legendary Bitcoin activist/artist cryptograffiti this week to discuss his latest project, “Bitcoin Vs. The Fed.”
You have probably seen cryptograffiti’s art before. He’s well known for his mosaic pictures of Hal Finney and JPMorgan Chase & Co. boss Jamie Dimon, but he’s best known for his art piece “United Nodes Of Bitcoin,” which depicts a U.S. $1 bill with a hooded George Washington and subtle nods to Bitcoin propaganda throughout.
In our conversation, cryptograffiti explained his inspiration for “United Nodes Of Bitcoin” and how “Bitcoin Vs. The Fed” is phase two of that project. “Bitcoin Vs. The Fed” is a project that he bootstrapped to place on billboards in Federal Reserve cities, with Bitcoin propaganda depicted on the backside of the U.S. dollar. He had great success when he launched “United Nodes Of Bitcoin” back in 2015 and has been planning this project since then.
He told me that he wanted to spread the message in the Fed’s backyard and share the idea of sound money with people who might not be as exposed to Bitcoin as folks in more affluent areas. He’s one of the most O.G. Bitcoin artist out there and he is excited for 2021. He has his hands in a couple of projects that could bring NFT-style art to Bitcoin and, with that, a flood of artists.
Cryptograffiti wrapped up the podcast with a positive message to Bitcoin artists out there, telling them to keep on creating. I can’t wait to see what’s up his sleeve next!