An early piece of NFT art, Bloemenveiling was an online auction of short GAN generated videos of tulips; it used smart contracts on the Ethereum network to sell the work and bots to help drive speculative prices. The piece was made in collaboration with David Pfau, an artificial intelligence researcher, and is the third in a series of work that looks at the relationship of the tulip to speculation, hype and value. Through the use of these types of technologies, which are increasingly embedded across different types of markets, it interrogates the way technology drives human desire and economic dynamics through artificial scarcity. It was created as an artwork, for a gallery show, but was a fully functioning distributed app (dApp), existing as a working example of what it also critiques.
(Text by Anna Ridler)