NFT Firm Seeks US Election Commission’s Approval to Market Campaign Souvenirs

  • 📰 CoinDesk
  • ⏱ Reading Time:
  • 19 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 11%
  • Publisher: 63%

Business News News

Business Business Latest News,Business Business Headlines

The campaign button could be going digital as an NFT firm seeks U.S. Federal Election Commission approval to make money from political committees to push souvenir tokens. jesseahamilton reports.

Data Vault Holdings is seeking an FEC stamp on its plan to market political NFTs to campaigns as an incentive for supporters. The digital items’ ownership – and the campaign supporter’s political sentiment – could be forever recorded on a blockchain. As an example, a $10 contribution might earn a specific level of token, while Data Vault takes $3 to process it.

“The NFT would be offered by the political committee with a focus on high-volume low-dollar donors consistent with the federal contribution limits,” according to the company’s FEC request. “The NFT could contain artwork, campaign literature, position papers and other campaign approved and compliant digital content including video, audio and interactive social media.”

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

jesseahamilton RTrixson I thought this was one of your doodles at first...

jesseahamilton 🚀Thnkss a millon.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 291. in BUSİNESS

Business Business Latest News, Business Business Headlines