As part of the art collective C-2 I participated in holding a performative art auction during which we auctioned a fractionalized oil painting via ERC-721 tokens. Participants could bid for the right to own parts of a painting and receive an NFT minted on the Ethereum Ropsten Testnet. Unsurprisingly, the audience seemed to have difficulties with warming up to the philosophical concept of co-ownership via NFTs.
This performance was part of Money Lab #6 an innitative by the Institute of Network Cultures.
Marlene Ronstedt 