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Politicians Are Turning to NFTs to Fund Their Campaigns

Article from: NFT Now

These NFTs won’t be tradable on the secondary market, and will primarily function as digital souvenirs for Polis’ supporters. As such, they’re designed to be as approachable as possible, even for those among his supporter base who are non-web3 native. Priced at $52.80 a pop, should this collection sell out, Polis’ campaign team will have a cool $100,000 (and change) to work with. Supporters will also be able to use these NFTs as tickets to various events planned near and during Polis’ eventual campaign cycle.

In a show of due diligence on the Polis campaign team’s part, the collection is also slated to be hosted on the environmentally-friendly Flow blockchain. So far, it’s the very first instance of a U.S. politician of this stature integrating blockchain-based methods in their overall fundraising strategy. However, ‘stature’ is the operative word, as Polis is far from the first U.S. politician to dip their toes into the Web3 space. He’s just the highest elected one.

Arguably, Polis’ biggest success with this initiative isn’t the funds he’ll raise for this campaign, but the deeper level of engagement he will achieve with his supporters. After all, NFTs are all about community.

The post Politicians Are Turning to NFTs to Fund Their Campaigns appeared first on nft now.

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Article from: NFT Now

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