Decentralized Value Systems 1 — Mantou
Mantou and the non-fungibles
The “mantou” is the first participatory actor in our embodiment of questions around decentralized value systems. The mantou is a plain steamed bun which is a daily food staple in northern China. Its history can be traced back to a steamed bread form recorded some 2300 years ago during the period of the Warring States. Legend attributes the present name to military strategist Zhuge Liang (181-234 AD), who directed river-crossing troops to make large buns in the shape of human heads as offering to the river god. The mantou’s main ingredient is wheat, a food crop that was cultivated since 9600 BCE, and one of the most universal foods around today.
The mantou is also our earliest and longest-staying subjects through our various art projects. We have been purchasing mantous from the same local market in Beijing since 2010. One mantou cost 0.5 renminbi (0.075 USD) in 2010. In 2020, the price reached exactly 1 renminbi (0.15 USD). Extending the possibilities of this unitary figure, we position the ubiquitous mantou to formulate spatial cognizance of value.
How would the mantou’s value change, crossing from physicality into a digital and extended virtual universe? Its innateness is self-defined but perhaps invites us to imagine its relational margins. The pure ordinariness of the mantou exudes almost unnerving realism. Does its being differ from perception as a commodity, a rarity, a random product of creation?
Our 88 non-fungibles
In the next phase of the DVS project, we present the work in a non-fungible token (NFT) form. For many artists and creators, NFTs have gained popularity as an alternative to traditional collectibles. Both similarly necessitate uniqueness, but have different collector profiles and gatekeepers. Realistically, a key attraction of NFTs is the relative openness of platforms for building global community support and interaction. The creator, the object, the collector, the platform, the exchange, the currency and its purposed equivalents, all become parts of the new ecosystem which draw parallels but also variance with the conventional art world.
For our inaugural DVS NFT project, we lay the fundamentals of a tiered structure with individual mantous appearing in three variations — white (80 units), silver (5 units), and gold (3 units). Each unit denotes its relative rarity in the natural world. White mantous in pre-industrial China were considered more expensive due to more processed flour, while silver and gold were found in their near-natural state since millennia ago. All together, 88, an untouchable and palindromic number is offered in its totality.
What’s in a name
“Eh bien, mon prince, so Genoa and Lucca are now no more than family estates of the Bonapartes.” This is the first line of War and Peace, a literary work written by Leo Tolstoy in 1869. This 587,287 word, 1,300 page book is described as “not a novel, even less is it a poem, and still less a historical chronicle” is considered one of the greatest books ever written.
What is striking is the realism on how a book written more than 150 years ago to remind us that humans of yesterday are just as clueless as us humans of today. It’s 1812 in Moscow. Napoleon has invaded Russia, and he gets closer to the city each day. Their Emperor Alexander I has left his people behind, and its inhabitants aren’t certain of what to do next. So instead of taking precautions, in the absence of what feels like an authority figure who knows what he is doing, the people of Moscow instead decide to just have a good time.
Each of the mantous will have a name, bearing singular words to short phrases randomly extracted from the historical work.
It is a considered decision to launch the mantous in the NFT sphere, allowing us to experiment, observe and engage in this virtual ecosystem. We are cognizant of inherent issues with cryptocurrency and NFTs, and seek to build our knowledge and capabilities on this. We pledge to donate a portion of the NFT sales proceeds to the UNHCR, the United Nations Refugee agency, a humanitarian organization that we highly respect.
The virtual space is seemingly a microcosm of social operating systems, in its own limited and limitless ways. We track the evolving ways of exchange and guarantee, as a format of engagement, presentation and existence.
Our artworks
DECENTRALIZED VALUE SYSTEMS
How would the value of our food change, crossing from physicality into a digital and extended virtual universe?