K21
Crypto Overview
Project Overview
K21 (K21) is a decentralized art collective and membership token launched in 2021. The project aims to connect digital art collectors with curated NFT artworks and provides governance rights over the K21 collection.
Intended Utility
The K21 token represents fractional ownership in a curated collection of 21 NFT artworks. Token holders can participate in governance decisions regarding the collection and benefit from potential appreciation of the artworks.
Actual Utility Assessment
The project demonstrates legitimate utility through: 1) Verifiable on-chain ownership of the NFT collection, 2) Active governance participation by token holders, 3) Real partnerships with established artists and galleries.
Token Distribution
Initial token distribution allocated 20% to founders/team with 2-year vesting, 30% to treasury/development, and 50% to public sale and liquidity. This distribution appears reasonably balanced and includes appropriate vesting periods.
Development Activity
The project maintains regular development updates and community engagement through their official channels. The team has delivered on roadmap items including NFT acquisitions and governance implementation.
Crypto Impact
To assign a comfort level investing in K21 from a halal perspective we need to determine whether it has a net positive or negative impact.
Towards this end, the table below is used to tally all the positive and negative considerations our members can think of related to K21.
If you don’t see something that should be listed, positive or negative, feel free to submit your own contribution using the button “Contribute”.
We will review your contribution for accuracy before publication.
Importantly, you can review listed contributions and vote on which one you think has the greatest impact, positive or negative.
You only have one vote per asset so use it wisely.
You can change your vote if you change your mind.