TY - JOUR A1 - Knott, Manuel A1 - Strich, Franz A1 - Strunk, Kim Simon A1 - Mayer, Anne-Sophie T1 - Uncovering potential barriers of using initial coin offerings to finance artistic projects JF - Journal of Cultural Economics N2 - Artists make vital contributions to our society and lay the foundations for billion-dollar industries. However, these artists consistently struggle to acquire sufficientfunding for their projects and their livelihood. New technology-supported possibili-ties for funding artists and their projects have emerged in recent years. Initial CoinOffering (ICO) is a novel form of reward-based tokenized crowdfunding. AlthoughICOs are promising as a way to fund artistic projects, they lack widespread adoptionin the creative and cultural industry (CCI). Based on 35 qualitative in-depth inter-views, we identify four barriers that hinder the funding of artistic projects throughICOs: legal shortcomings, investment restrictions, lack of consumer interest, andintermediaries’ resistance. Our research contributes to cultural finance and fundingliterature by disclosing barriers that impede a promising form of financing artisticprojects. Further, we outline possible solutions to overcome them. We also con-tribute to the research about ICOs by showing that rather than reducing investmentrisks, these offerings merely shift them. KW - initial coin offerings KW - blockchain technology KW - cultural finance KW - artists KW - creative and cultural industries KW - barriers Y1 - 2022 U6 - http://nbn-resolving.de/urn/resolver.pl?urn:nbn:de:101:1-2022081518483651137386 VL - 2022 IS - 46 SP - 317 EP - 344 PB - Springer Nature CY - Berlin ER -