Blockchains & Cultural Padlocks
Nugent is also working on 221A’s Research Initiative Blockchains & Cultural Padlocks as an Artist Researcher. Here, Nugent brings her fellowship research forward to realize the final wishes of Frances Loring and Florence Wyle by looking to new models for sustained financial support for artists through the development of platforms on the Internet of Value.
Leveraging advances in financial technology to manage shared assets, The Sculpture Fund explores the potential of a blockchain economy to model innovative new format for the collective ownership and leveraging of the investment value of artworks. The overall goal is develop a truly social purpose investment fund within broader economies of value and equity.
From March 2018 to August 2019, Nugent works as a 221A Fellow. Her project examines the history of Frances Loring and Florence Wyle, who were crucial members of Canada’s early 20th century art history. The contributions of these artists has been unfairly eluded in national art history, and as a way to fulfill the final wishes in their last wills and testaments, Nugent’s research will develop The Sculpture Fund, a resource available to public galleries and museums for the commissioning and acquisition of sculpture by woman and non-binary artists. Public programs and a research collection at Pollyanna 圖書館 Library accompany Nugent’s research.