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Artist Carsten Höller Is Debuting a Light and Vibration App at an NFT Rave That Might Make You High and Hallucinate – artnet News

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The app will debut at Dreamverse in New York, alongside Crypto Souk and an immersive Beeple.
Amah-Rose Abrams, November 4, 2021
The artist Carsten Höller is known for creating elaborate interactive environments—a mirrored carousel, a giant slide, a sensory-deprivation tank—and his contribution to the upcoming NFT conference-cum-rave called Dreamverse certainly fits the bill.
Höller will debut a four-minute sound, light, and haptic work designed to stimulate the brain—and maybe make viewers hallucinate. The experience, which can be downloaded via an app, will be the headline act at Dreamverse, taking place on November 4 at the New York nightclub Terminal 5.
Staged by the world’s largest NFT fund Metapurse, operated by Metakovan and Twobadour, the buyers of the $69 million Beeple NFT, the event includes 150 artists, musicians and performers. Beeple will also debut an immersive work, titled B5K.
At the apex of the night, Höller’s work, 7.8 (Reduced Reality App), created in collaboration with mixed reality pioneers Acute Art, will emit a frequency of 7.83 hertz with light and haptic vibrations. Attendees will then simultaneously experience the effects of the Earth’s vibrational frequency, which will evolve into a light display, which will then morph into a performance by D.J. Alesso.
“What this frequency does to you is that it interferes with your brainwaves,” Höller told Artnet News over video chat. He went on to explain how experiencing different frequencies can cause new feelings and hallucinations.
The human brain has a frequency of between four and 12 hertz, which means that experiencing a frequency of 7.83 hertz essentially gives the brain a bit of a break.
“It makes you high in a certain sense, and it even makes you see things that are not really there,” Höller said. “Typically, if you close your eyes and go close to the torch, you start to see color fields—red, blue, green—and everything becomes a kind of light LSD experience.”
View of the exhibition “DAY” by Carsten Höller, maat–Museum of Art ,Architecture and Technology, 2021. Courtesy of EDP Foundation. Photo Attilio Maranzano
Höller has worked with frequencies and mind-altering experiences throughout his career, but this intervention takes his work out of the institutional space and into a communal environment. It is designed to be a social experiment that will “act as a bridge between music and art.” 7.8 (Reduced Reality App) will be available to download globally as of tonight.
Höller collaborated with his longtime friend Daniel Birnbaum of Acute Art to create the work, which, as it happens, will likely attract more participants from digital spaces than the art world.
“He’s quite interested in the fact that there’s a new art world emerging, or at least that is the sense we all have,” Birnbaum told Artnet News. “We’ve been talking about working with him in the more traditional world, but now that I’m working with these new digital possibilities with mixed reality, VR, and AR, we’ve been thinking that we would do something at some point.”
Birnbaum described the experience as “hyper minimal, it’s not even augmented reality—it’s reduced reality,” he said. “In a way, it’s almost like nothing, it’s a kind of nothing. It’s been a very humble piece on one level, but it’s also not humble at all, if you take over the whole building.”
Höller, who is unable to attend Dreamverse in person, is making further plans outside the art world, including securing a permanent home for his Brutalist food pop-up in Stockholm, which is slated to open in February 2022.
For those who wish to pay upwards of $125 for a ticket—or $600 for an “NFTicket” by crypto artist Allota Money—Dreamverse promises to be a day to remember as the newly minted NFT world gathers en masse for the first time since its mid-pandemic inception. From a first look at Metapurse’s Crypto Souk virtual museum, to virtual reality booths and some very analogue sounding live drawing there is something for everyone.

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By , Nov 1, 2021
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FASB Excludes NFTs, Some Stablecoins From Crypto Accounting Project – The Wall Street Journal

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Michael Saylor can't stop: MicroStrategy now holds 130,000 Bitcoin – Cointelegraph

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MicroStrategy bought an additional 301 BTC for $6 million at an average price of $19,851, the company’s executive chairman announced on Twitter.
MicroStrategy now owns 0.62% of all the Bitcoin (BTC) that will ever be mined. The company’s executive chairman, Michael Saylor, announced that the company bought another 301 BTC for roughly $6 million at an average price of $19,851 per BTC. 
In sum, the company is one of the planet’s largest holders of the asset, owning 130,000 BTC. Apparently, Saylor likes round numbers, buying 301 BTC to reach the 130,000 milestone. 
MicroStrategy has purchased an additional 301 bitcoins for ~$6.0 million at an average price of ~$19,851 per #bitcoin. As of 9/19/22 @MicroStrategy holds ~130,000 bitcoins acquired for ~$3.98 billion at an average price of ~$30,639 per bitcoin.https://t.co/5kYW98ij4I
Due to plunging price action, the company’s investment is down substantially in U.S. dollar terms. MicroStrategy’s entry price is roughly $30,639 per BTC, and the Securities and Exchange Commission filing states that the firm has bought 130,000 BTC at an aggregate purchase price of approximately $3.98 billion.
If MicroStrategy started stacking sats (buying Bitcoin) at today’s prices, it would have spent $2.48 billion on 130,000 BTC. Saylor is currently at a paper loss of over a billion dollars.
According to the SEC filing, the company made the purchase with “excess cash.” Saylor recently stepped down as CEO of the company to focus on buying more Bitcoin, while Washington, DC has taken aim at the billionaire in a tax evasion lawsuit.
Bitcoin enthusiasts were quick to commend Saylor’s buy. Referred to as the “Chad” or “Gigachad,” Saylor’s conviction and commitment to buying Bitcoin despite the investment being underwater has garnered both a devout following and numerous critics.
Related: Bitcoin better than physical property for regular folks, says Michael Saylor
Other large wallet addresses include that of crypto exchange Bitfinex, which holds 170,000 BTC, and a Binance reserve wallet that holds 125,000 BTC. Binance is the world’s largest crypto exchange and has several wallets holding six figures of Bitcoin. Regarding individuals, Saylor has stated that he holds Bitcoin, and FTX CEO Sam Bankman-Fried and Binance CEO Changpeng Zhao are also “hodlers” — a meme that became popular jargon for holding crypto.

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NFT Collections Will Be Regulated Like Cryptocurrencies Under EU’s MiCA Law, Official Says – CoinDesk

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