South Korean Presidential Candidate to Raise Funds Through NFTs: Report

DPK's presidential candidate - Lee Jae-myung - plans to issue NFTs depicting his image to fuel his political campaign.

DPK’s presidential candidate – Lee Jae-myung – plans to issue NFTs depicting his image to fuel his political campaign.

“Our presidential candidate is also preparing for fundraising using NFTs,” a lawmaker member of the ruling party confirmed. “The donations will be managed in compliance with the Public Official Election Act and the Guidelines on Management of Political Funds,” he added. During a recent interview, Lee Jae-myung opined that South Korea should lead the global trend and embrace non-fungible tokens and digital assets at a higher level.“If we deny what actually exists, it will be similar to an isolationist foreign policy,” the presidential candidate concluded.Last week, Rep. Lee Kwang-jae – another member of the Democratic Party of Korea –The initial assets will be the two largest by market capitalization – Bitcoin and Ether , as well as a few local tokens.

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