Key Insights
- In Brazil, a concert was held in Brasilia, utilizing live price data to organize a performance by the Brazilian orchestra, which was paid for using Bitcoin.
- The project can raise private funds under the Rouanet Law with tax incentives until December 2025
- An algorithm translates the Bitcoin market movements into live orchestra music.
Bitcoin Orchestral Performance Approved in Brazil as Cultural Project Heads to Brasília
Brazil has approved a cultural initiative that will convert Bitcoin price movements into live orchestral music during a performance scheduled to take place in Brasília.
The project has received formal authorization from the country’s Ministry of Culture, allowing organizers to begin raising private funds under Brazil’s cultural incentive framework, with a fundraising deadline set for Dec. 31, 2025.
According to a notice published in Brazil’s Federal Register, the initiative is authorized to seek up to 1.09 million reais, equivalent to approximately $197,000, from private companies and individual donors.
Moreover, the funding will support an instrumental concert designed to transform real-time financial data into music, combining principles drawn from mathematics, economics, physics, and the arts.
Cultural Authorization
The ministry categorizes the project under instrumental music. This title identifies the tax breaks that are available to sponsors and donors. This designation determines how tax incentives apply to sponsors and donors.
However, the fundraising measures should be finalized by the end of 2025. The publication in the Federal Register outlines the financial aspects of the project. Still, it does not disclose whether any blockchain or on-chain infrastructure will be utilized directly in its performance.
Bitcoin Data as a foundation of a Live Performance.
The essence of the project is an algorithm that tracks the real-time data of the Bitcoin market and converts it into musical parameters. These outputs are then performed live by an orchestra on stage.
In contrast to the classical concerts, the musicians will not be guided by a predetermined written score. Rather, they will react to music produced based on live market data as the performance progresses, continuously. With the Bitcoin prices fluctuating during the event, the arrangement and dynamics of the orchestra performance will vary accordingly to create a composition that changes over each moment.
According to the organizers, the goal is to show how financial data and mathematical models can be shown clearly and soundly, and the audience will have an alternative experience of both music and the digital economy.
Also, associated with the project, Rede Conexao Brasilia referred to the performance as a live translation of Bitcoin’s price variations into a live art piece.
Location, Rules of Funding and Tax Incentives.
The performance is planned for Brasília, Brazil’s federal capital. The focus, according to the published authorization, remains on interpreting financial data through music rather than on blockchain deployment itself.
Under the Rouanet Law, the sponsors and donors who fund the project will be able to deduct their contributions to the income taxes with the limit stipulated in the Brazilian tax laws. The Ministry of Culture reassured that the fundraising in the project should be done before the end of 2025 to maintain the approved status of the project.
Previous Parallels Between Bitcoin and Performance Art.
The Brazilian project builds upon the work of artists and performers who have previously incorporated the theme of Bitcoin and cryptocurrency into their creative works.
Bitcoin price data has also been input as creative input by visual artists. In 2020, digital artist Matt Kane published his programmable artwork, “Right Place and Right Time,” a work that displays fluctuating visual elements in real-time, depending on the price of Bitcoin. The price change will modify the aspects of scale, rotation, and spatial placement of the artwork.
However, that project was released through Async Art, a platform specializing in programmable non-fungible tokens. Kane built the work based on a central master image, which consisted of several layers that reacted to Bitcoin market data over time independently.
Artists and musicians using Bitcoin themes.
Outside of orchestral and visual art, musicians of all genres have also incorporated references to Bitcoin and digital assets into their compositions.
Global musicians, such as Drake, have also incorporated Bitcoin into their songs, and Snoop Dogg has been involved with cryptocurrency and NFTs for some time.
In hip-hop, Ghostface Killah of the Wu-Tang Clan published music under the name Bitcoin Ordinals, which were encoded into a binary file that could be accessed directly on the Bitcoin network and released under open-source licensing.
