Disturbing Volatility Mockup Layers_0024_Layer 25

Edition
1 of 5

Status
Available

Token
ERC-721

Token ID
MKT2 #30082

Tokenized
September 29th, 2020

Disturbing Volatility

Artwork Description:

Disturbing Volatility explores the perception of and sentiment towards economic systems and their market forces. Embraced and used to their advantage by some, for the majority volatility represents an appalling uncertainty and the loss of control. With the rise of financial technologies, humans are even further removed from decision-making processes and replaced by artificial intelligence. Algorithm-driven automated decisions account for approximately 80% of the daily trading volume, react instantly to signals and have caused significant fluctuation in recent years.

This artwork embodies this alienation through an animation of 60 aerial videos recorded with a cellphone through the window of passenger flights over two years. The videos are organized in five rows depending on their relative position between the ground, clouds and sky, and the 12 columns loosely resemble a histogram chart. In an endless loop, the video columns imitate economic cycles that move around an opaque layer of cloud videos as its reference point. Disturbing Volatility plays with similarities between the developments in financial markets and commercial aviation. Furthermore, it emphasizes the necessary surrender of a market participant or passenger to the faith in its driving forces.

In the adoption of new technologies such as blockchain, high fluctuation of the underlying cryptocurrencies drives in speculators but deters fast, widespread adoption. High price swings overshadow the technological benefits and reduce it for many to its monetary roots.

The artist acknowledges the use of copyright-free music by Doug Maxwell (Lost in Prayer), and I Think I Can Help You (The Ten Names) in his artwork.

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Fileformat
MP4

Resolution
3,420 x 1,920 px

Play Time
01:00

Token Creation

Creator Address:
0xCed2662Fe30D876bEf52F219eeAC67e2b328Effc

Filed under ,
Last update September 30, 2020

Martin Lukas Ostachowski

Geometric abstraction artist based in Brossard, QC, Canada. I explore the blockchain through the subject of clouds in physical and digital mediums. » About Me