Rhea Myers iconic works feat. in the historical show 'Perfect and Priceless' by Kate Vass Galerie in 2018 become available as unique NFTs on Foundation

Rhea Myers iconic works feat. in the historical show 'Perfect and Priceless' by Kate Vass Galerie in 2018 become available as unique NFTs, as the artist drops his first works on Foundation App this week.

by Kate Vass, 12th October 2021

It became a history now, our the physical show { PERFECT & PRICELESS } - Value Systems on the blockchain that featured all the protagonists of this movement back in November 2018. Famous sealed Cryptopunks by LarvaLabs exhibited in phyisical form for the first time, collaborative work by Kevin Abosch and Ai Wei Wei, and one of the OGs Rhea Myers (former aka Rob Myers) with 'First Transaction (Bitcoin Transaction Hash)' has been on display among many other artworks in Kate Vass Galerie in Zurich.

Rhea Myers artworks at the ‘Perfect & Priceless’ exhibition @ Kate Vass Galerie, Zurich in 2018.

Print on display here: First Halvening (Bitcoin Block Hash), 8 Bit Palette, Spots, 2018.

On November 28th 2012 with block number 210000 Bitcoin underwent its first "halvening" with the reward paid for finding each new block in the blockchain dropping from fifty to twenty-five Bitcoins. Halvenings occur approximately every four years and have been both celebrated as a milestone in the development of the network protocol and commiserated as a loss of revenue to the miners that find new blocks. They have become notable dates in the Bitcoin calendar with almost a festival air about them.

Here the binary data of the cryptographic hash that is the "proof-of-work" for the halvening block is rendered in the visual language of (post)modernist abstraction rather than as the sequence of numbers that it was broadcast to the Internet as.

This art exhibition took place as an interdisciplinary experiment and laboratory for discussions about the digital transformation of the art market and artists' practices.

The blockchain art pioneer Rhea Myers from New York visualised cryptocurrency transactions in his continuing series Blockchain Aesthetics while referencing concept art from the 1970s. To transmit crypto from one wallet to another (peer to peer), a hash rate was generated and compressed through a mathematical encryption method. The hashrates are always the same length independently from the size of information they contain. The artist rendered Bitcoin transactions as rows of coloured squares or circles. Each byte of the 32-byte transaction had caused as a square or a process of a 256-colour palette. The transactions have been displayed on a monitor as colourful abstract moving images with a narrative context, accompanied by 4 unique prints. Although the imagery reminds us of 4096 Colours by Gerhard Richter or the spot paintings by Damien Hirst, they have a different connotation.

In 2021, with a fast spread of NFT-inclusion, it made sense that the physical work finds its digital analogue as an NFT to serve an excellent accompanying piece or as an individual work of art that reflects the historical essence and continues the series of Blockchain Aesthetics.

The reserve price is 10 ETH if bought separately from the print. We have a special bundle deal for NFT, 2021 +unique print, 2018 please contact us for more information via email: info@katevassgalerie.com

https://foundation.app/@rheaplex
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https://foundation.app/@rheaplex/~/96680
https://foundation.app/@rheaplex/~/96678
https://foundation.app/@rheaplex/~/96671

Additionally, we offer to you to have a look at the past physical installations of 4 ever produced, signed works by the artist back in 2018. There is only one left on the primary market:

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Rhea Myers
First Transaction (Bitcoin Transaction Hash), 8 Bit Palette, Spots, 2018.

The first transaction between two people on the Bitcoin network was sent from the pseudonymous creator of Bitcoin Satoshi Nakamoto to the late Bitcoin developer Hal Finney on 12th January 2009. At the time the ten Bitcoin sent were worthless, now they would be worth tens of thousands of dollars. This transaction represents the beginnings of Bitcoin as a social and economic rather than just a technical phenomenon.

Here the cryptographic hash, the unique identifying number, that was used to represent the content of that transaction is presented in the language of (post)modernist abstraction rather than as a string of hexadecimal numbers.

Rhea Myers signature on the unique prints.

Rhea Myers
on the left:
First Halvening (Bitcoin Block Header), 8 Bit Palette, Squares, 2018.

On November 28th 2012 with block number 210000 Bitcoin underwent its first "halvening" with the reward paid for finding each new block in the blockchain dropping from fifty to twenty-five Bitcoins. Halvenings occur approximately every four years and have been both celebrated as a milestone in the development of the network protocol and commiserated as a loss of revenue to the miners that find new blocks. They have become notable dates in the Bitcoin calendar with almost a festival air about them.

Here the binary data of the data header containing the proof-of-work hash and other details for the halvening block is rendered in the visual language of (post)modernist abstraction rather than as the sequence of numbers that it was broadcast to the Internet as.