“Management Musings” #1
Konstellation’s regular series of musings from the management team, providing updates and sharing insights. Join our discord: https://discord.gg/9wP5kkj
Identifying the Right Konstellation
Good morning, good evening, good afternoon, wherever it is in the DARC universe, I am excited to announce our new regular series here on Medium, “Management Musings.” I, Sang Lee, CEO of both DarcMatter and our new blockchain-technology-focused subsidiary Konstellation, will be directly communicating with our DARC tokenholders here on a regular basis. For my first post, I wanted to share directly some of my thoughts about the recent spate of exciting news from my companies.
The last 12 months have been filled with dynamic times that have culminated in what we now lovingly refer to as the #CryptoWinter. The general over-elation of the once high-flying digital asset markets has given us this quaint euphemism for the general blasé feeling that has overwhelmed the entire bitcoin and altcoin community since the late summer of 2018. While others bemoan the lack of a bull run, I feel it has led us back to the fundamentals of building innovative and useful technologies, further benefiting the industry long term.
When I first became interested in blockchain and the potential power of tokenized economic incentives back in 2016, I never thought about the potential for the value of any particular coin to soar. I was more intrigued by blockchain’s potential for changing the world. Unfortunately, in the midst of all the excitement that was the blockchain mania of late 2017 and early 2018, many companies seemed to have sidelined the importance of developing an incumbent ecosystem, something more than just marketing hype and questionable partnership announcements. With all of the excitement around the tantalizing prospective future of institutional money rushing into our little corner of the fintech universe, very few projects have stopped to take a breath and actually envisioned what this brave new world might look like.
As DarcMatter began to dedicate itself to the build out of robust blockchain-based solutions for the financial services industry, it became increasingly clear that we needed to create a blockchain division solely dedicated to the furtherment of this industry-specific blockchain ecosystem and the underlying technology upon which it will be built. So, we created Konstellation, a division that is laser-focused on creating end-to-end solutions for the emerging digital asset market. Honestly, we really think that market is going to be absolutely huge and restricting our technology to just our existing fund marketplace is not the best way to serve our existing DARC tokenholders nor the blockchain fintech community at large.
DarcMatter will, of course, continue to work with Konstellation and its technology to further the integration of NEM-based blockchain systems (NEM Official (Editors)) for our global community of asset managers and investors. DarcMatter will work hand in hand with Konstellation to leverage blockchain technology to enhance efficiency, transparency, and increased access to unique investment opportunities.
Is this a rebranding?
It’s more of a brand augmentation than a full-on rebrand. This is not AntShares forever and irrevocably moving to NEO. This is not another fork. There will still be the DarcMatter fund marketplace platform, soon to be augmented by Konstellation technology.
The really exciting factor here is that now Konstellation technology can not only be leveraged by our DarcMatter product, but it can be opened up to the entire financial services industry. We believe that we owed that, at least, to the blockchain and fintech community, to develop technology and an underlying ecosystem that would allow for more inclusion of various industry players that do not fall directly under the DarcMatter platform umbrella.
Furthermore, as we live in an increasingly globalized world, we feel it is important that we have a dedicated division, Konstellation, that is committed to the promotion, education and creation of blockchain technology for the financial services industry that will allow ecosystem participants to invest, distribute, create and preserve wealth regardless of where they might be located in the world. The Konstellation Network intends to automate compliance for anyone anywhere in the world and to do that we needed to build a bigger boat. In other words, Konstellation will be a blockchain solutions provider for the 21st century financial marketplace.
All of the benefits of launching the blockchain with DarcMatter will still exist with Konstellation. The advantages of our existing user base and existing industry connections will be further enhanced as we explore broader themes around new asset classes, financial products, the emerging industry of asset tokenization, and broader infrastructure themes that will enhance adoption throughout the global financial ecosystem.
What happens to DARC?
DARC is still the utility token that will power the blockchain network that we set out to create in the beginning. It will be utilized in the way that was presented previously and as we continue to research and learn more, will be instrumental in new efficiencies. The creation of the Konstellation Network means that we can significantly expand the use cases for the DARC token itself as we apply it to the broader industry landscape.
What took so long for this process?
Konstellation has been in the works for some time now and had various facets and structural elements that we at DarcMatter worked hard to get through for several months. We are very pleased that we are able to share this with the community now and are very excited for the continued support. Additionally, Konstellation will be optimizing community management and providing more opportunities for community feedback.
Where is Konstellation located?
Konstellation will centralize its hub in South Korea. While there are continuous updates on regulations regarding token-based capital raises, the support for blockchain and its impact on financial services is a key focus for private and public players alike. Also, we believe that South Korea is optimally located to support further expansion throughout the Asia Pacific region. Working with DarcMatter, Konstellation will still have access to all of the global network of asset managers that will comprise the initial participants in the global Konstellation Network.
What about the Konstellation team?
Core members of DarcMatter will continue to play a key role in the establishment and expansion of Konstellation. However, we will continue to incorporate new team members as we accelerate technology production and business development throughout the world.
Also, Konstellation will work directly to create nodes from the DarcMatter community. These nodes will be active blockchain participants in the ecosystem that comprises the original vision set out by our founders.
How does this addition make things better?
A dedicated focus on technological expansion and developing a blockchain ecosystem will be extremely beneficial for the pace of technology development as well as creating global visibility for this technology for those institutions that the crypto community has been clamoring for since at least 2017.
Konstellation was created to further the capabilities and reach of blockchain technology including the DarcMatter community. We are very excited for the future of blockchain in financial services! We’ll keep you posted on our progress via our social media channels below.
As always, thank you for your support and taking this interstellar journey on the Konstellation Network (DARC) with us.
— Sang
