Sharing upside equitably with artists means that the K21 token appreciating directly benefits those who bring the most value into the system and the causes they choose to support. ~1.3 million K21 tokens will be distributed equally to each artist and another 1 million will be donated to causes for social good determined by them. NFT artworks will be minted in collaboration with SuperRare, a platform that stipulates a 10% perpetual artist royalty on subsequent sales.
Kanon has partnered with Art into Acres to support the preservation of over 21,000 acres of old-growth forest in Peru. "This is the first time we are taking payment in cryptocurrency and it is a significant amount of acreage to conserve for an arts program of any scale,” said Haley Mellin, founder of Art into Acres.