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A new orchestral project in Brazil aims to transform Bitcoin’s price data into live music. Sources close to the situation noted that this project was permitted to collect funds through one of the country’s programs, which offers tax incentives for cultural projects.
Brazil’s Federal Register revealed that this approval process enabled the initiative to raise approximately 1.09 million reais, equivalent to around $197,000. These funds were primarily collected from private firms and individual donors to develop an instrumental concert that utilizes financial data to compose music, incorporating ideas generated from art, mathematics, economics, and physics.
Nonetheless, sources pointed out that this news did not disclose whether any blockchain technology would be involved in the performance. It was mentioned that the concert will take place in Brasília, Brazil’s modern, planned federal capital.
Brazil takes a different approach in the crypto industry
Just recently, reports noted that the new orchestral project description has been released. In this project description, it was revealed that the initiative will utilize an algorithm that enables it to transform monetary numerals into musical notation easily. This process will be made possible by monitoring the price shifts of Bitcoin and related technical data in real-time during the show.
These data inputs are essential in this show as they help shape melody, rhythm, and harmony while the orchestra executes the live performance.
Additionally, this method aims to provide individuals with an auditory experience of BTC’s fluctuations by transforming market sentiment into music, blending traditional orchestral instruments with>Don’t just read crypto news. Understand it. Subscribe to our newsletter. It's free.