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Politicians are turning to the NFT to fund their campaigns

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NFT has revolutionized the world of crowdfunding. Instead of relying on platforms like Kickstarter or Indiegogo to raise money, many people are using proceeds from NFT sales to support charitable causes. In the first few months of 2022 alone, activists and organizations have raised millions to help pay off medical debt, protect reproductive rights, and help war victims.

NFTs have been used to raise money in almost every sector – including politics. Even former presidential candidate Andrew Young sees opportunities to use NFTs and Web3 to raise funds and build community-building efforts. And he is not alone. As the US election season draws to a close, a politician, in particular, is using technology to raise money for his next campaign.

The Colorado governor is asking for your help

In preparation for his 2023 re-election bid, current Colorado Gov. Jared Paulis has announced the launch of his own NFT collection.

The 2,022 tokens in the collection are set to include images of various objects carrying personal money from the police and the state of Colorado, such as a rainbow-colored mountaintop (Go Nuggets!), And a digitized image of a police dog Gia firing laser. From his eyes

These NFTs will not be transferable in the secondary market and will primarily serve as a digital souvenir for Polis supporters. As such, they are designed to be as accessible as possible, even to non-web 3 native supporters. Priced at $ 52.80 a pop, if this collection sells out, there will be a great $ 100,000 (and change) to work with Polis’s campaign team. Proponents of her case have been working to make the actual transcript of this statement available online.

In an exhibition of due diligence by the Polis campaign team, the collection will be hosted on an eco-friendly flow blockchain. So far, this is the first time a U.S. politician of this stature has integrated blockchain-based approaches into their overall fundraising strategy. However, ‘Stacher’ is the operative term, because the police dipped their toes into Web3 space, far from the first U.S. politician. He is just the highest chosen one.

Among the first, but far from the last

A few months before her announcement, Democratic candidate in Congress, Sreena Kurani, offered NFTs as part of a strategy to further encourage grants for her campaign efforts. In the end, he raised just $ 6,610 through the initiative.

This, however, did not prevent future U.S. politicians from integrating the NFT into their fundraising strategies. Republican senator candidate Blake Masters has also been very public about his support for the NFT and Crypto, calling for an NFT campaign. And of course, we have the recent efforts of the police to deal with that list.

Arguably, the police’s greatest achievement with this initiative is not only the funds it will raise for the campaign, but the deeper engagement it will have with its supporters. After all, NFTs are about the community.



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