Kanon Showcases the Revolutionary Capabilities of its New NFT Borrowing Protocol, ERC721Q, at Palazzo Strozzi’s “Let’s Get Digital!” Exhibition in Florence, Italy
Partners with EVA DAO to Incorporate the New Protocol into the Consciousness NFT Release
20 May, 2022
EVA DAO, a newly-formed DAO focused on exploring web3-enabled immersive live event experiences, announced the debut of its genesis NFT release, Consciousness (2022), at Palazzo Strozzi’s just opened Let’s Get Digital! exhibition in Florence, Italy. Consciousness is a collaboration between Anyma–one half of the legendary electronic music duo Tale Of Us–and digital artists Alessio De Vecchi, Filip Hodas of the K21 Collection, and Adam Priester. The artwork continues Anyma’s exploration of the unexpected harmony that arises when synthetic and organic elements are fused to generate new forms of conscious life. The exhibition is curated by Serena Tabacchi (director and co-founder of MoCDA, Museum of Contemporary Digital Art) and Arturo Galansino (General Director at Palazzo Strozzi).
Consciousness incorporates Kanon’s revolutionary new open-source NFT protocol, ERC721Q, which allows anyone to transfer an NFT, to any wallet, without the owner losing control of the artwork. Kanon’s ERC721Q open-source protocol makes possible, for the first time, an expansive array of new NFT use cases including borrowing and lending NFTs, licensing, subscriptions, impermanent NFT memberships, gamified shared NFTs and many others.
“Our collaboration with a trailblazing initiative like EVA DAO was an eye-opener for us”, said collector and Kanon contributor, Fastackl, “Our minds are spinning with ideas for how to use this protocol to give creators much more expressive ways of engaging with their audiences than just buying and holding NFTs.”
“The new artistic and curatorial circuitry this simple protocol extension makes possible are literally infinite,” added Kanon contributor 0xAnimist, “We feel this is a significant contribution to catalyzing the web3 art revolution.”
Consciousness was put up for sale on Wednesday, 18 May 2022. Soon after the sale was complete, MoCDA, Museum of Contemporary Digital Art, borrowed and holds the NFT on behalf of Palazzo Strozzi for use in the exhibition in exchange for a fee paid in K21 to the collector. K21 is the art-backed digital currency launched by Kanon in March 2021.
“Custody and provenance are issues that collectors and institutions often grapple with,” shared Serena Tabacchi, director and co-founder of MoCDA and co-curator of the Let’s Get Digital! exhibition at Palazzo Strozzi. “With this new protocol, institutions have the assurance that the NFT being exhibited is in their wallet, in their possession, with the appropriate usage rights attached for the duration of the exhibition, and collectors have peace of mind knowing that they can retrieve the NFT themselves at the end of the loan.”
In an experiment to decentralize a night at the museum, Consciousness may be borrowed on RQDQ during closing hours of the exhibition, every day from after 8pm CET until before 10am the following morning until Sunday, 22 May 2022. RQDQ is Kanon’s new NFT borrowing and lending platform (currently in beta). Members of the public will be able to borrow the NFT, for free, for 10 minutes at a time. During the borrowing period, the NFT will actually be transferred into the borrower’s Ethereum wallet and will remain there until another borrower transfers the NFT to their wallet. Borrowers of Consciousness will be able to go to the EVA DAO website and get access to exclusive content, available only to whoever is holding Consciousness when they visit the site.
During the opening hours of Palazzo Strozzi (10am to 8pm CET), the NFT will return to the exhibition’s wallet, where it will remain during the opening hours of the exhibition. Once three days have passed, the NFT will return to the exhibition’s wallet where it will remain until the conclusion of the Let’s Get Digital! exhibition on 31 July 2022. After 31 July 2022 members of the public may again have the opportunity to borrow the NFT, depending on the wishes of the collector.
Consciousness will be part of a cycle of performances that Anyma presents in various occasions around the world at live, artistic and interactive events, Afterlife.
EVA DAO will release an edition of 150 NFTs, which can be minted from the EVA DAO website in the upcoming weeks.
Kanon is a pseudonymous collective of institutional art, design, and cryptonative technology professionals dedicated to pushing the boundaries of crypto-enabled artistic expression. Constantly innovating at all stages of the digital creative process, from visual design down to low-level open-source protocol design, Kanon is supporting a novel model in which creative expression, structural experimentation, and financial return are mutually reinforcing.
In March 2021, Kanon launched the K21 Collection as its inaugural product. K21 is a closed-end art vault of 21 unique and original NFT artworks by a diverse roster of influential and pioneering contemporary, digital, and cryptonative artists. Coinciding with Art Basel Miami Beach 2021, Kanon brought magic to the blockchain with the NFT art project DAEMONICA, a visual and mathematical system of onchain occult operations, in collaboration with one of the artists of the K21 Collection who wishes to remain anonymous. In April 2022, Kanon released ERC721Q, a powerful new protocol for borrowing and lending NFTs that allows anyone to transfer an NFT to any wallet at any time, without the owner losing control of the NFT. In May 2022, this technology is showcased at Florence-based Palazzo Strozzi where the exhibition curators use the protocol to borrow EVA DAO’s Consciousness NFT for the duration of the exhibition in exchange for a fee paid in K21 tokens to the collector of the NFT.
About EVA DAO
EVA DAO is an emerging network of artists and technologists working together to unlock the true potential of creators and their ecosystems. Using web3, EVA DAO’s releases connect one-of-one artworks with live events, digital editions and more, evolving the fan experience to be more immersive, intimate and impactful. EVA DAO empowers artists, collectors and their communities to build an independent creative economy for music, video and live performance.
The Museum of Contemporary Digital Art provides digital art education and technology to artists, collectors, institutions and art lovers. First and foremost, MoCDA is a museum that exhibits digital artworks for the purpose of documenting, collecting and advancing the position of digital art.
MoCDA provides a foundation for understanding digital art in its own context, rather than as a mere by-product of the larger art world. The MoCDA platform offers a space for everyone to connect, discover and learn more about digital art. Our focus is on education and the endorsement of contemporary digital art in a way which is inclusive and future-oriented, encouraging engagement from a diverse audience with an artist-first approach.
About the Let’s Get Digital! Exhibition at Palazzo Strozzi
Curated by Arturo Galansino and Serena Tabacchi, Let’s Get Digital! brings together works by pioneering NFT artists such as Refik Anadol, Anyma, Daniel Arsham, Beeple, Krista Kim and Andrés Reisinger. Expanding into the Strozzina undercroft and the courtyard of Palazzo Strozzi, the digital installations and multimedia experiences on view will showcase the increasingly rapid intermingling of aesthetics and new technologies.