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MoneyLab | Terra0: The Self-Owning Augmented Forest

networkcultures.org · 651 words · saved by 1 readers

Terra0 is an ongoing art project whose goal is to set up an alternative economic unit on the Ethereum Blockchain, while exploring the relationship between art and capital by functioning as a decentralized autonomous organization (DAO).

Terra0 is an ongoing art project whose goal is to set up an alternative economic unit on the Ethereum Blockchain, while exploring the relationship between art and capital by functioning as a decentralized autonomous organization (DAO). The idea behind the project is to create a situation in which a forest creates capital by selling licenses for the logging of its trees through automated processes, smart contracts and blockchain technology. Originally developed by Paul Seidler and Paul Kolling for a course at the University of Berlin, Terra0 is still at an early stage of development. “At the mo

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