
The Brazilian authorities gave the go-ahead to the organizers of an unusual orchestral project to raise money from the outside. According to the documents, this team can collect up to 1.09 million reais (about 197 thousand dollars) from companies and individuals. They have until the end of this year, that is, until December 31, to collect all the investments. The idea is to hold an instrumental music concert in the capital, Brasilia.
Everything is based on specialized software. This algorithm is designed to constantly monitor financial data related to bitcoin. During the presentation, the system will dig not only into the asset price, but also into other market indicators, such as trading volume and price spikes. These numbers will be the starting point for creating a musical composition.
As a result, viewers will be able to see how economic processes turn into sound right before their eyes.
This unusual project was made possible by Law No. 8.313 of 1991, known as Lei Rouanet. This law helps companies and citizens to invest in culture by offering them tax breaks if they sponsor projects approved by experts from the Brazilian Ministry of Culture. Roughly speaking, thanks to government support for cultural projects, it has become possible to create music using artificial intelligence that monitors the crypto market.
This project is a mix of modern technology, finance and classical art, which has become a reality thanks to government support. He shows that culture is becoming more digital, and people are looking for new ways to express themselves through art, processing data in real time. Such projects, located at the junction of different fields, expand the understanding of what musical performance can be and how economic information can be interpreted.