TXT (txt-nyc)

TXT is now in residence at Arts@Rec, part of OSMOS. Several projects in development: The Artist Contract for Decentralized Art (ACDA), an open source legal agreement for use in the transfer of decentralized art. The ACDA reimagines Seth Siegelaub’s 1971 Artist’s Reserved Rights Transfer and Sale Agreement, integrating concepts of decentralized art in a hybrid practice combining art, law, history, economics, and media theory. TXT is also developing theory, history and draft definition of Decentralized Art. Core members in residence include @soulincode and artmouth, with participation from @alfredsteiner.eth and other TXT members.

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Hans Haacke’s usage of the 1971 Siegelaub-Projanksy agreement for his Condensation Cube artwork in 1972. Each Transfer Agreement and Record is an analog equivalent of digital blockchain ledger entries for decentralized art. The beginning of provenance is shown in the first and second transfers, including names, price, and date. 1st Transfer : Thilo Liemersdorf. 2nd Transfer : Dr. Adolf Luther. The NOTICE associated with the artwork gives legal notice to all buyers of the artwork collectors that they are bound by the agreement, and can serve as a certificate of authenticity (COA) as well. The notice is an analog equivalent of contemporary NFTs, when used for these functions. Examples of the contract usage are sourced from Maria Eichhorn’s book, The Artist’s Contract.

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Robert Projanksy, NYC lawyer who helped draft the Siegelaub-Projanksy agreement of 1971.

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