---
_id: '61801'
abstract:
- lang: eng
  text: '<jats:title>Abstract</jats:title><jats:p>Artists make vital contributions
    to our society and lay the foundations for billion-dollar industries. However,
    these artists consistently struggle to acquire sufficient funding for their projects
    and their livelihood. New technology-supported possibilities for funding artists
    and their projects have emerged in recent years. Initial Coin Offering (ICO) is
    a novel form of reward-based tokenized crowdfunding. Although ICOs are promising
    as a way to fund artistic projects, they lack widespread adoption in the creative
    and cultural industry (CCI). Based on 35 qualitative in-depth interviews, we identify
    four barriers that hinder the funding of artistic projects through ICOs: legal
    shortcomings, investment restrictions, lack of consumer interest, and intermediaries’
    resistance. Our research contributes to cultural finance and funding literature
    by disclosing barriers that impede a promising form of financing artistic projects.
    Further, we outline possible solutions to overcome them. We also contribute to
    the research about ICOs by showing that rather than reducing investment risks,
    these offerings merely shift them.</jats:p>'
author:
- first_name: Manuel
  full_name: Knott, Manuel
  last_name: Knott
- first_name: Franz
  full_name: Strich, Franz
  id: '122631'
  last_name: Strich
  orcid: 0000-0002-0170-9025
- first_name: Kim
  full_name: Strunk, Kim
  last_name: Strunk
- first_name: Anne-Sophie
  full_name: Mayer, Anne-Sophie
  last_name: Mayer
citation:
  ama: Knott M, Strich F, Strunk K, Mayer A-S. Uncovering potential barriers of using
    initial coin offerings to finance artistic projects. <i>Journal of Cultural Economics</i>.
    2022;46(2):317-344. doi:<a href="https://doi.org/10.1007/s10824-022-09446-7">10.1007/s10824-022-09446-7</a>
  apa: Knott, M., Strich, F., Strunk, K., &#38; Mayer, A.-S. (2022). Uncovering potential
    barriers of using initial coin offerings to finance artistic projects. <i>Journal
    of Cultural Economics</i>, <i>46</i>(2), 317–344. <a href="https://doi.org/10.1007/s10824-022-09446-7">https://doi.org/10.1007/s10824-022-09446-7</a>
  bibtex: '@article{Knott_Strich_Strunk_Mayer_2022, title={Uncovering potential barriers
    of using initial coin offerings to finance artistic projects}, volume={46}, DOI={<a
    href="https://doi.org/10.1007/s10824-022-09446-7">10.1007/s10824-022-09446-7</a>},
    number={2}, journal={Journal of Cultural Economics}, publisher={Springer Science
    and Business Media LLC}, author={Knott, Manuel and Strich, Franz and Strunk, Kim
    and Mayer, Anne-Sophie}, year={2022}, pages={317–344} }'
  chicago: 'Knott, Manuel, Franz Strich, Kim Strunk, and Anne-Sophie Mayer. “Uncovering
    Potential Barriers of Using Initial Coin Offerings to Finance Artistic Projects.”
    <i>Journal of Cultural Economics</i> 46, no. 2 (2022): 317–44. <a href="https://doi.org/10.1007/s10824-022-09446-7">https://doi.org/10.1007/s10824-022-09446-7</a>.'
  ieee: 'M. Knott, F. Strich, K. Strunk, and A.-S. Mayer, “Uncovering potential barriers
    of using initial coin offerings to finance artistic projects,” <i>Journal of Cultural
    Economics</i>, vol. 46, no. 2, pp. 317–344, 2022, doi: <a href="https://doi.org/10.1007/s10824-022-09446-7">10.1007/s10824-022-09446-7</a>.'
  mla: Knott, Manuel, et al. “Uncovering Potential Barriers of Using Initial Coin
    Offerings to Finance Artistic Projects.” <i>Journal of Cultural Economics</i>,
    vol. 46, no. 2, Springer Science and Business Media LLC, 2022, pp. 317–44, doi:<a
    href="https://doi.org/10.1007/s10824-022-09446-7">10.1007/s10824-022-09446-7</a>.
  short: M. Knott, F. Strich, K. Strunk, A.-S. Mayer, Journal of Cultural Economics
    46 (2022) 317–344.
date_created: 2025-10-13T11:32:58Z
date_updated: 2025-10-15T10:38:50Z
doi: 10.1007/s10824-022-09446-7
extern: '1'
intvolume: '        46'
issue: '2'
language:
- iso: eng
page: 317-344
publication: Journal of Cultural Economics
publication_identifier:
  issn:
  - 0885-2545
  - 1573-6997
publication_status: published
publisher: Springer Science and Business Media LLC
status: public
title: Uncovering potential barriers of using initial coin offerings to finance artistic
  projects
type: journal_article
user_id: '122631'
volume: 46
year: '2022'
...
---
_id: '57403'
author:
- first_name: Philip
  full_name: Yang, Philip
  id: '100432'
  last_name: Yang
citation:
  ama: Yang P. The impact of music on educational attainment. <i>Journal of Cultural
    Economics</i>. 2015;39(4):369-396. doi:<a href="https://doi.org/10.1007/s10824-015-9240-y">10.1007/s10824-015-9240-y</a>
  apa: Yang, P. (2015). The impact of music on educational attainment. <i>Journal
    of Cultural Economics</i>, <i>39</i>(4), 369–396. <a href="https://doi.org/10.1007/s10824-015-9240-y">https://doi.org/10.1007/s10824-015-9240-y</a>
  bibtex: '@article{Yang_2015, title={The impact of music on educational attainment},
    volume={39}, DOI={<a href="https://doi.org/10.1007/s10824-015-9240-y">10.1007/s10824-015-9240-y</a>},
    number={4}, journal={Journal of Cultural Economics}, publisher={Springer Science
    and Business Media LLC}, author={Yang, Philip}, year={2015}, pages={369–396} }'
  chicago: 'Yang, Philip. “The Impact of Music on Educational Attainment.” <i>Journal
    of Cultural Economics</i> 39, no. 4 (2015): 369–96. <a href="https://doi.org/10.1007/s10824-015-9240-y">https://doi.org/10.1007/s10824-015-9240-y</a>.'
  ieee: 'P. Yang, “The impact of music on educational attainment,” <i>Journal of Cultural
    Economics</i>, vol. 39, no. 4, pp. 369–396, 2015, doi: <a href="https://doi.org/10.1007/s10824-015-9240-y">10.1007/s10824-015-9240-y</a>.'
  mla: Yang, Philip. “The Impact of Music on Educational Attainment.” <i>Journal of
    Cultural Economics</i>, vol. 39, no. 4, Springer Science and Business Media LLC,
    2015, pp. 369–96, doi:<a href="https://doi.org/10.1007/s10824-015-9240-y">10.1007/s10824-015-9240-y</a>.
  short: P. Yang, Journal of Cultural Economics 39 (2015) 369–396.
date_created: 2024-11-25T09:27:19Z
date_updated: 2025-04-09T13:19:00Z
department:
- _id: '681'
doi: 10.1007/s10824-015-9240-y
extern: '1'
intvolume: '        39'
issue: '4'
language:
- iso: eng
page: 369-396
publication: Journal of Cultural Economics
publication_identifier:
  issn:
  - 0885-2545
  - 1573-6997
publication_status: published
publisher: Springer Science and Business Media LLC
status: public
title: The impact of music on educational attainment
type: journal_article
user_id: '80877'
volume: 39
year: '2015'
...