The artist behind 2020’s monolith stunt around the world is going to auction off a non-fungible token of a video made with his own fecal matter to raise money for autism research.
The Most Famous Artist, a group founded by Matty Mo, is going to sell a 360-degree video capture of his stool, encased in a glass cube weighing nearly 33 pounds, or 14.968 kilograms.
An NFT is a unique digital token encrypted with an artist’s signature via blockchain and attached to a digital artwork or file, effectively providing certification of ownership.
They have been hailed as a way to sell digital artwork and assets.
Matty Mo’s NFT is being commissioned by microbial sciences company, Seed Health.
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‘From Piero Manzoni to Chris Ofili and Andres Serrano, the use of human biomass in art has long sparked controversy around what should be considered ‘art,’ and consequently, what is valuable,’ Matty Mo said in a statement.
‘Today, NFTs are now in the cross hairs of this value system, disrupting a market that has been reserved for the curated few.
The Most Famous Artist, a group founded by Matty Mo, is going to sell a 360-degree video capture of his stool. It is being sold as a non-fungible token, a digital asset that records ownership
According to the CDC, 75 million people on Earth suffer from autism spectrum disorder Between 60-70 million Americans are diagnosed each year with digestive issues
‘By taking the taboo topic of human excrement and assigning it value, we are sending an important message that the very things that disgust us, may actually be what’s most valuable—in this case, for the future of health.’
What are NFTs?
What is a NFT?
A Non-Fungible Token (NFT) is a unique digital token encrypted with an artist’s signature and which verifies its ownership and authenticity and is permanently attached to the piece.
What do they look like?
Most NFTs include some kind digital artwork, such as photos, videos, GIFs, and music. Theoretically, anything digital could be turned into a NFT.
Where do you buy them?
At the moment, NFTs are most commonly sold in so-called ‘drops’, timed online sales by blockchain-backed marketplaces like Nifty Gateway, Opensea and Rarible.
Why would I want to own one?
There’s an array of reasons why someone may want to buy a NFT. For some, the reason may be emotional value, because NFTs are seen as collectors items. For others, they are seen as an investment opportunity similar to cryptocurrencies, because the value could increase.
When were NFTs created?
Writer and podcaster Andrew Steinwold traced the origins of NFTs back to 2012, with the creation of the Colored Coins cryptocurrency. But NFTs didn’t move into the mainstream until five years later, when the blockchain game CryptoKitties began selling virtual cats in 2017.
According to figures from the Centers for Disease Control and Prevention, it’s believed that one percent of the planet, or 75 million people, has ASD.
Approximately 60 to 70 million Americans are diagnosed each year with digestive issues, according to National Institute of Diabetes and Digestive and Kidney Diseases.
Past studies have shown that Fecal Microbiota Transplant (FMT) is useful for improving behavior and gut symptoms among children with ASD.
Grant recipients will be selected by microbiome researchers, Dr. Sarkis Mazmanian and Dr. Christopher Mason.
Dr. Mason added that the work he and his colleagues have done on gastrointestinal (GI) conditions and the link between the GI and central nervous system shows that stool is a ‘diagnostic tool’ for researchers to learn about human health.
‘Decoding the components of stool helps us understand the behaviors and prevalence of diseases such as cancers, Alzheimer’s disease, Parkinson’s disease, even autism spectrum disorder (ASD), further illuminating the interwoven relationship between our gut microbiome and brain.’
A non-fungible token (NFT) is a digital asset that records ownership. It is written on the Ethereum blockchain, which allows users to write ‘smart contracts.’
Although some have wondered about the environmental impact of cryptocurrencies, such as Ethereum, this particular NFT will be offset with the Aerial platform.
This platform calculates the Ethereum gas used and carbon emissions based on associated energy use, with an estimate between 15 and 20 tons.
Seed Health and Aerial will use a 25 ton figure for reselling and to maintain carbon negativity.
‘This NFT draws attention to a new and disruptive view of medicine: that cures are already inside of us, optimized by nature and evolution,’ stated Dr. Mazmanian.
‘The funds from the NFT will go a long way in pushing the frontiers of biomedical research, particularly in ASD, toward microbiome-derived approaches such as FMTs that optimize health.’
Seed Health’s co-founder and co-CEO, Ara Katz, said this NFT offering could open up a ‘new frontier of gut-brain research.’
“We hope this inspires new opportunities for art to catalyze broader public engagement with areas of science that have the potential to impact the health of millions globally.”
Bidding on the NFT is currently open and runs until August 1. Five bids have been placed so far, with the top just over $11,000.