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The Art Banc provides artists with a space to perform, a payment profile, and education with a focus on dismantling the legacy art economy infrastructure. The Art Banc holds a public Bitcoin Wallet that pays Performing Artists and Contributors a share of Bitcoin from donations. Their share is transferred to their personal wallet after each successive season. 


This project was launched in response to the crisis facing artists who have lost gigs and opportunities to earn. Our goal is to financially and artistically empower artists.



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Now Accepting Applications for the Art Banc Live






Wallet

The Art Banc holds a public Bitcoin Wallet that pays Performing Artists and Contributors a share of Bitcoin from donations. Their share is transferred to their personal wallet after each successive season.




Share Breakdown




60% 

︎︎︎︎︎︎


Performing Artist Shares

Each Performing Artist receives 1 share of 60% of the Wallet’s Seasonal Total



30% 

︎︎︎


Contributor Shares

Participants contributing to the ecosystem in the form of digital media receive 1 share of  30% of the Wallet’s Seasonal Total



10% 

︎


Production and Operational Costs

10% of the Wallet’s Seasonal Total funds Production and Operational Costs of the Art Banc




Breakdown Example




Season One (90 Days)

Wallet Season One Total = 1 BTC




︎ 60% Performing Artist Shares

10 Artists Perform on the Art Banc Live in Season One
60% ÷ 10 Shares = 6%
Each Performing Artist receives 6% of the Wallet’s Seasonal Total, amounting to .06 BTC each



︎ 30%  Contributor Shares


10 Participants contribute digital media in Season One
30% ÷ 10 Shares = 3%
Each Contributor receives 3% of the Wallet’s Seasonal Total, amounting to .03 BTC each



︎ 10% Production and Operational Costs


10% of the Wallet’s Seasonal Total funds Production and Operational Costs of the Art Banc

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the Art Banc

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