The Democratic Party of Korea's presidential candidate for 2022 plans to incentivize donations to his campaign with NFTs.
The leading candidate for the South Korean presidency has announced a fundraiser based on non-fungible tokens., Lee Jae-myung, the ruling Democratic Party's candidate in the 2022 presidential elections, will be giving NFTs to donors to his campaign. The news comes despite earlier concerns that such fundraises may violate the Political Funds Act or the Public Official Election Act.
Donors will not exactly be buying NFTs. They will be receiving NFTs including a picture of Lee and a list of his policies as a kind of memento for their donation. The move is part of broader outreach from the Lee campaign to young voters. This push has included talks in support of digital assets as well as advocacy for NFTs in gaming. The Lee campaign is calling it the first use of NFTs for a national presidential campaigns finance in the world.
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