Mention in the Patrons of the Arts article on wendy.network:
KONJUNGATE is a new ecosystem to sustainably fund contemporary art. The platform is based on the cyber novel MACHFELD written in 1999 by Michael Mastrototaro. The main character of the book, “Satoshi Nakamoto” may – or may not – have served as inspiration 10 years later as the anonymous creator of Bitcoin.
In the cyber novel, the author who calls himself simply “Mastro,” describes the mining of a precious material called KONJUNGATE. Twenty years after publishing the novel online, KONJUNGATE appears as a Media Art project to decentralize the funding of international contemporary Artists and Organizations and to send a strong artistic statement in times of massive worldwide budget cuts for the arts. Advantages of a blockchain-based platform over traditional crowd-funding include enhanced security and lowered costs of operation through the use of smart contracts. Added benefits to artists using the platform and tokens include staking rewards for holding KONJ (tokens) and opportunities for discounted goods and services through the use of KONJ in trade. See www.konjungate.net, wendy.network and www.machfeld-foundation.net for more insights.