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It costs money to live and learn, let alone create great art. You need all the help you can get as you continue your journey to becoming an artist. The Medici Scholarship is a one-time award intended to provide a modest but vitalizing burst of financial support to a young artist’s education and ongoing art making process. It will be juried by our team of curators. Deadline: TBD Medici (Bitcoin) Scholarship: $400 CAD in Bitcoin equivalent NOTE: our scholarship is currently being crowdfunded, stay tuned for announcements. The Medici Small Print There is no application fee. The Medici Scholarship is available to all painters who are based in a country with a Developing Economy (or a Graduated Developing Economy).

Scholarship recipients agree by submitting their completed application to limited use of their images or other representation of their artwork and general information to be featured on artmedici.org and corresponding promotional media.

All rights will be retained by the artists.In a keynote address at Inside Bitcoins Las Vegas, Overstock.com CEO Patrick Byrne announced a partnership with Counterparty on a project code-named Medici, a front-end and portal to the decentralized stock exchange of the Counterparty platform. The shared goal is to build a cutting-edge stock market on top of the Bitcoin blockchain, and help Bitcoin do for Wall Street what it has already begun to do for payments. The blockchain has proved very well suited to the exchange of digital currency. But what about exchanging shares of public companies? Patrick Byrne, a longtime critic of Wall Street, is actively pursuing a model for trading stock on a peer to peer basis using the Bitcoin protocol. In his talk, Byrne discussed the challenges and opportunities presented by a decentralized stock exchange.

Also read: Overstock Chooses Counterparty for Decentralized Stock Exchange; XCP Price Rises By harnessing the power of the Bitcoin network, Counterparty creates a robust and secure marketplaceProject Medici intends to create a blockchain based securities exchange. The first hint at this project was in May when, during the Q & A of his keynote address at the Bitcoin2014 conference in Amsterdam, Patrick Byrne, CEO of Overstock (OSTK), let slip that he was interested in listing Overstock securities on a blockchain based exchange. It recently congealed with Overstock s hiring two of the the three founders of CounterParty, a decentralized exchange built on top of Bitcoin. The project, named Medici, was announced on October 6th at the Inside Bitcoins Las Vegas conference . Overstock initially reached out to the Bitcoin community for information on asset trading platforms. Ethereum, NXT, and CounterParty were all considered. Overstock landed on the partnership with CounterParty, touting its use of Bitcoin--which has the most secure blockchain--and the CounterParty founders grounding in math and computer science as well as their philosophical outlook. Patrick Byrne, born inFresh off the announcement of a new partnership with Overstock, Counterparty is announcing the founding of the Counterparty Foundation, a new non-profit organization. The Counterparty Foundation will be established with the help of Perkins Coie, a law firm that advises many cryptocurrency companies. The Counterparty Foundation will provide enhanced structure and services to the growing Counterparty ecosystem; something that Counterparty founders say has been a much-demanded feature.

Also read: Medici Will Be a Real Bitcoin 2.0 Stock Exchange Counterparty was founded by Robby Dermody, Evan Wagner, and Adam Krellenstein in 2013. The Counterparty founding was famously marked by a burning of over 2000 bitcoins in January of 2014. The never-before-seen method of cutting the red ribbon has even inspired, as most things do, a Dogecoin mini-me: Dogeparty. The Counterparty founders commented: While Counterparty has been funded out of our savings up to this point, many of these businesses areOverstock.com is building software, based on the bitcoin digital currency, that could allow the big-name etailer to issue corporate stock over the internet, sidestepping traditional stock exchanges such as the NASDAQ and the New York Stock Exchange. The Salt Lake City-based company recently hired two of the developers behind CounterParty—an online project that helps individuals and businesses build all sorts of financial services atop the worldwide network of machines that drive bitcoin—and according to Overstock founder and CEO Patrick Byrne, these coders will help build “cryptosecurity” software that any company could potentially use to issue financial securities over the net. Mirroring bitcoin—known as a “crytocurrency”—these securities would be controlled by cryptographic algorithms running across computers spread across the globe, not by a central stock exchange. Code-named “Medici,” the project aims to democratize Wall Street in much the same way bitcoin seeks to democratizeJuly 16, 2015MarketsMuse.com Tech Talk update profiles the latest development regarding Overstock.com’s CEO Patrick Byrne plan for a cryptosecurity trading system “for brokerdealers” only and akin to the array of ECNs and ATS platforms that Fintech aficionados and broker-dealers are already accustomed to. The headline: Overstock looks to issue Bitcoin-style stocks via new trading system; may issue up to $500 million in stock through blockchain-style technology Overstock, the online retailer building a crypto-securities exchange, has revealed that it may issue up to $500 million in stock through blockchain-style technology. Last year Overstock CEO Patrick Byrne hired developers and lawyers in an effort to create a platform – dubbed ‘Medici’ – that could use the core blockchain technology to create a cryptosecurity trading system, in which computer algorithms are used to trade virtual stocks issued by public companies. The firm has now filed a prospectus related to the sale of securities with theWhile I was researching a recent post, it struck me that the Medici bill of exchange has very similar characteristics to Bitcoin. Like most other lenders in Renaissance times — a time when usury was banned — the Medici started off as pawnbrokers. It was only through pawnbroking — agreements that allowed you to repurchase something at a premium — that an implicit interest could be charged. This is not dissimilar to some forms of Shariah finance. But the Medici didn’t really make a name for themselves through pawnbroking. It was via the international money transfer system they created, which allowed merchants to transfer money easily, safely and — very reminiscent of Bitcoin — by skirting national currency controls, that they became dominant. How it worked was that you deposited your local currency/collateral in location A, were you were issued with a Medici note. Upon arrival in location B, you could redeem your note for local currency from a Medici subsidiary/partnership, which held.

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