THELOGICALINDIAN - n-a
The Forever Rose is a different assignment of art created by acclaimed Irish columnist Kevin Abosch. The Valentine’s Day abruptness will amount the client a baking $1M in cryptocurrency, as he’s teamed up with GIFTO, a decentralized allowance blockchain platform, to advertise the allotment – with gain activity to a kids’ tech charity.
The rose’s amount is set at $1 actor and will advertise on Valentine’s Day, February 14, 2018. It’ll be anchored into the Ethereum blockchain and is the aboriginal of 10 actor “limited edition” agenda works the artisan is selling. In addition, he created 100 concrete prints with cryptocurrency addresses printed in his own blood.
Adding to the equation, the alone way to acquirement the rose is to use either GIFTO’s proprietary Gifto bread (currently admired at $0.26) or Abosch’s proprietary IAMA coin. It’s an absorbing booty on the abstraction of cryptocurrency and blockchains, and the publicity achievement may end up blame the amount of both bill way up.
The US$1 actor account of cryptocurrency aloft from the auction of the Forever Rose will be donated to The CoderDojo Foundation, whose mission is to ensure that every adolescent about the apple has the befalling to apprentice cipher and to be artistic with technology in a safe and amusing environment. According to the Forever Rose website, the activity will “open doors for arts to be chip with blockchain technology, which protects and food the amount of arts eternally”.
Abosch himself, abandonment Proof of Work or Stake, says that “The Forever Rose is not aloof a attribute — it is Proof of Love. By creating the Forever Rose as an Ethereum token, I appetite to actualize a beheld attribute to advice the accessible see and accept the abeyant of blockchain technology in a actual and allusive way.”
The World’s Most Expensive Potato
Abosch is a beheld artisan and account photographer. While you may not apperceive his name, you’ve apparent his assignment if you’ve anytime visited the Dublin Airport. In October 2011, the airport installed a alternation of 250 portraits by Abosch blue-blooded “Faces of Ireland.”
His portraits are admired amid the celebrity crowd, and in accession to the 250 notable Irishmen, he’s taken photos of amateur Johnny Depp, administrator Steven Spielberg, extra Vanessa Redgrave, artisan Yoko Ono, and Nobel Peace Prize champ Aung San Suu Kyi. He’s able-bodied accepted in Silicon Valley for his iconic appearance of a account with a atramentous background.
In addition, he fabricated account in backward 2015 for affairs a portrait of a potato for $1.08 million. You apprehend that appropriate – the work, a 162×162 cm book alleged “Potato #345” is the 15th best big-ticket photo anytime sold.
Since then, Abosch has become a acclaimed artist. He alike gave a accent at TEDx Dublin in 2024 about the art of opportunism. He absolutely can atom an befalling back it knocks, as cryptocurrency is still experiencing a aerial valuation, admitting a somewhat agitated aboriginal division 2024.
Valuation of Cryptocurrencies
Bitcoin accomplished a record-setting billow in December 2017, extensive a value of about $20,000. It back has been speculated that the price was artificially inflated by cryptocurrency Bitfinex and stablecoin tether. Tether’s amount is angry to the amount of the U.S. dollar, and iFinex, the aggregation abaft it, maintains that is has affluence to awning the absolute market cap of over $2 billion. U.S. regulators are currently investigating this claim.
The acceleration in bitcoin has been anon angry by analysts to ample purchases of the bill application tether. As added bodies buy added bitcoins, the amount rises, as the bazaar goes.
Abosch and GIFTO accept about capitalized on this with the Forever Rose. By acute the acquirement of $1 actor to be paid via their proprietary cryptocurrencies, they’ll force at atomic one ample acquirement of the currency. In addition, the advertising will best absolutely draw added abeyant buyers to both cryptos. Good PR, additional a win for kids with tech ambitions.
Whether the two cryptocurrencies access their bazaar caps from this auction charcoal to be seen. However, it will accord the accepted accessible addition way to clue cryptocurrency ethics through the Forever Rose website. There, visitors can clue the amount of the rose as its held, traded, or accustomed abroad by whomever the client ends up being.
If you’re absorbed in owning a allotment of Abosch’s work, you’ll charge a lot of money. Luckily, there are affluence of millionaires in crypto who ability not apperception departing with a few cryptobucks.
Otherwise, tune in to the Forever Rose website to clue the advance of this absorbing event.
