New Markets In The Arts #1: Property Rights
Blockchain technology has allowed us to re-imagine the arts. As a movement, it's been rife with seemingly disparate narratives: people adopting its cocktail of hashes & cryptography as a Rorschach test for their beliefs. It's simultaneously the most anarchist, most libertarian, most egalitarian, most socialist, most freeing, most authoritarian technology. I've always seen it as a tool empower creatives. In this post, I explore property rights experiments with new markets in the arts.
Exploring Harberger Tax Rates in Virtual Collectibles & Patronage Markets
In the creation of patronage as an asset class, one creates virtual collectibles whose beneficiary earns revenue at a specific rate from an always specified self-assessed price by the owner. An outstanding question is what rates to set.