Jonas Lund Token (JLT)

Jonas Lund Token (JLT)

Jonas Lund Token (JLT) is a new work by Jonas Lund, in which the artist has created 100,000 shares in his artistic practice. The shares give the shareholders agency and voting power over future decisions concerning Jonas Lund's artistic practice and the future of the Jonas Lund Token.

Each share is represented by a Jonas Lund Token, a crypto currency built on, and distributed via the Ethereum blockchain. Similar to a corporation, one share equals one vote and owners of the tokens become part of the Jonas Lund’s board of trustees and will be consulted each time a strategic decision needs to be made via the Jonas Lund Token website.

From the 100,000 shares, 10,000 Jonas Lund Tokens have been released to a selection of art professionals invited by Lund to form the initial board of trustees. 10,000 shares have been reserved for the artist and the remaining 80,000 shares will be distributed in three different phases.

In the first phase, 25,000 tokens will be available by purchasing a physical Jonas Lund Token wall based art work. In the second phase, 50,000 shares will be available via a public online ICO (initial coin offering) sale. In the third phase, the Jonas Lund Tokens will be traded on a public crypto currency marketplace and then available to anyone to trade with. During the first two phases, the price of one Jonas Lund Token is linked to the price of 1/100th of an Ethereum.

The remaining 5,000 tokens are distributed via the Jonas Lund Token bounty program, where anyone can claim tokens in exchange for specific actions, such as offering Jonas Lund a solo exhibition at an institution, or posting an image of his work to Instagram.

By creating 100,000 shares that gives each shareholder influence and agency over his artistic practice, and giving up his majority share, Lund is interested in subverting the traditional power structures that informs the contemporary art world and the process of making the correct strategic decisions for each given situation. A distributed advisory board with an incentive to further strengthen the position of the artist, as it has a direct connection to the value of the Jonas Lund Token, aims to increase the efficiency of the decision making process and make each strategic decision count.

JLT Installation Views

Jonas Lund Token

Installation View, Jonas Lund Token (JLT), Castor Gallery, NYC

Jonas Lund Token

Installation View, Jonas Lund Token (JLT), Castor Gallery, NYC

Jonas Lund Token

Installation View, Jonas Lund Token (JLT), Castor Gallery, NYC

Jonas Lund Token

Installation View, Jonas Lund Token (JLT), Castor Gallery, NYC

Jonas Lund Token

Installation View, Jonas Lund Token (JLT), Castor Gallery, NYC

Jonas Lund Token

JLT 1711, 2018, CNC & engraved acrylic, 111.8 × 165.1 × 1.3 cm

Jonas Lund Token

JLT 1166, 2018, CNC & engraved acrylic, 142.2 × 142.2 × 1.3 cm

Jonas Lund Token

JLT 747, 2018, CNC & engraved acrylic, 123.2 × 123.2 × 1.3 cm

Jonas Lund Token

JLT 1793, 2018, CNC & engraved acrylic, 161.3 × 161.3 × 1.3 cm

Jonas Lund Token

JLT 1106, 2018, CNC & engraved acrylic, 161.3 × 161.3 × 1.3 cm

Jonas Lund Token

Installation View, Jonas Lund Token (JLT), Castor Gallery, NYC

Jonas Lund Token

Installation View, Jonas Lund Token (JLT), Castor Gallery, NYC

Jonas Lund Token

Installation View, Jonas Lund Token (JLT), Castor Gallery, NYC

Initial Board of Trustees

  1. !Mediegruppen Bitnikartists, Zurich/Berlin
  2. Defne Ayascurator
  3. Aram Bartholl artist, Berlin
  4. Helmut Batista founder and director of Capacete, Rio de Janeiro
  5. Barak Bar-Am Neumeister-Baram, Berlin
  6. Melanie Buehler Curator Contemporary Art Frans Hals Museum, Haarlem
  7. Jonathon Carroll dealer, London/New York
  8. Caetano Carvalho artist, Brussels
  9. Michael Connor artistic director, Rhizome, New York
  10. Marek Claaßen CEO Artfacts
  11. Florian Cramer applied research professor, WDK, Rotterdam
  12. Aurelia Defrance curator
  13. Annet Dekker aaaannet, Amsterdam
  14. Constant Dullaart artist, Berlin
  15. Swetlana Heger-Davis Artist/Director
  16. Aude Launay curator, Berlin
  17. Hampus Lindwall collector/organist, Brussels/Paris
  18. Gabriel Lester artist, Amsterdam
  19. Gaël Paccard graphic designer, Lausanne
  20. Christiane PaulDirector / Chief Curator, Sheila C. Johnson Design Center, Parsons School Of Design/the New School
    Professor, School Of Media Studies/the New School
    Adjunct Curator Of Digital Art, Whitney Museum Of American Art
  21. Jonas Schenk Co-founder Melange, Cologne
  22. Martin Schibli curator
  23. Sebastian Schmieg artist, Berlin
  24. Alain Servais investment banker, entrepreneur, collector, Brussels
  25. Steve Turner Steve Turner, Los Angeles
  26. Ben VickersCTO and curator of digital at Serpentine Gallery, London
  27. Elvia Wilk writer/editor, New York/Berlin
  28. Qiu Yang artist, Amsterdam/Beijing
  29. Anthon Åström co-founder Astrom / Zimmer, Zurich
  30. Ahmet Öğüt artist, Berlin/Amsterdam
  31. and a select few that have chosen
    to be anonymous to protect their interests