KONJUNGATE is a cryptocurrency designed to change the way of art funding.. It is based on the cyber novel MACHFELD written in 1999 by Michael Mastrototaro. Strangely, the main character of the book is called Nakamoto and thus resembles the pseudonym of the BITCOIN inventor Satoshi Nakamoto. What a coincidence, right? Anyway.
In his cyber novel, Mastrototaro describes the mining of KONJUNGATE 9 years before Bitcoin appears on the cryptocurrency horizon.
Now 20 years after publishing the novel online, KONJUNGATE appears as a Media Art project aiming to decentralize the funding of international contemporary artists and art organisations and to make a strong artistic statement in times of budget cuts.
How does it work?
During the creation of the KONJUNGATE blockchain, 1,25% of the total digital assets were premined. This amount of tokens will be used as an initial fund for distributing tokens to a wide range of international art organisations, to support contemporary artists and as registered capital for the charitable MACHFELD-Foundation (currently in establishing stage) which will ensure further distribution of tokens in the future. Its task is to ensure value security by means of art purchases.
BLOCK THAT CHAIN<
We are happy to announce that we are invited to a Blockchain Labor -
hosted by https://mur.at (our 1st organisation partner).
Democracy, resource distribution, transfer of funds: following the visions of protagonists of various
blockchain based projects, almost all of humanities problems can be solved by their tech. We’re in for a new wave of technology
that will take us to a brighter future. No need to trust anyone anymore.
Trust is provided by the system. Everything saved is safe, forever and immutable.
What does a world, where trust is provided by machines look like? What benefits do we get from total transparency?
What will all the accumulated data be used for in the future? Has there ever been a problem that could be solved by throwing technology at it?v Block that chain is a six day worklab in Graz/Austria organized by mur.at where we will discuss the above made statements,
look for answers to the posed questions and find further questions to broaden the discussion and engage the public.
After an intense week of input from different angles, discussions and experiments we will present the results to a greater public.
WE HAVE SOMETHING TO GIVE
80% OF OUR PREMIND COINS WILL BE DISTRIBUTED DURING CALLS FOR ARTISTS, CALLS FOR ART ORGANISATIO AND IN FORM OF MEDIA ART INSTALLATIONS REALIZED BY MACHFELD (SABINE MAIER & MICHAEL MASTROTOTARO)
The premined tokens will also be used to establish the MACHFELD FOUNDATION
which will support contemporary Artists and art organisations in the near future.