C-2 is an digital art collective based on the Ethereum network. C-2 invites their audience to re-negotiate the concept of ownership. During MoneyLab we will hold an auction selling at most 49% of each art piece.
Traditionally ownership is the state or fact of exclusive rights and control over property, which may be an object, land/real estate or intellectual property. Through tokenization ownership can be shared by a group. Similar to stock, token holders can hold a share in a company or co-own a plot of land. However, people seem to get uneasy when being confronted with the idea of partially owning a piece of art. Who wants to have the Mona Lisa’s nose if you have to share the rest? To challenge the idea of ownership and to introduce the concept of partial ownership we will hold an auction during MoneyLab. In the auction we will partially sell art works. Conference visitors can become self made art collectors for little money by acquiring tokens, representing partial ownership in an artwork. We will tokenize up to three art works (depending on time) and sell up to 49% of ownership rights in each work. In return art collectors will receive C-2 Tokens. To fund the partial purchase we will ask for test Ether, a form of fake Ether or small sums in EUR which will be later on donated. Once the art works are sold we want to explore together with our new art collectors the different problems which are arising when co-owning art. For example, who will take the work of art home first and how will it rotate from home to home?