The 2016 Future Of Money Design Award competition challenges designers and artists to create a new origin story surrounding a monetary artifact or theory.
Organizers are looking for monetary origin stories that challenge the way we think about the nature of money, with all current or past monetary artifacts usable as a starting point. For example, gold and silver, coins, paper notes, credit cards, binary code, NFC (Near Field Communication), Chip and Pin, Bitcoin, big stone blocks and everything in between.
The competition runs in two phases. Each shortlisted entrant will receive £500 to develop their idea and produce a short video. The best project will be awarded with £750 and the top three entrants will have the opportunity to present their concepts at the Tomorrows Transaction forum in London, to an audience of financial experts and industry leaders.
Last year, Raph Kim won the competition with his Peck As You Go: Bio-Electronic Currency — an alternative payment system that functions through combination of biological and electronic technologies.
The Future Of Money Design Award competition is hosted by the Consult Hyperion independent consultancy.