In the United States, congressional candidates are now selling non-fungible tokens (NFTs) to help finance their campaigns in the midterm elections in a clear move toward embracing the cryptocurrency world.
Democrat Shrina Kurani, an engineer running for a House seat in California and Republican Blake Masters, eyeing the Senate in Arizona, have both offered NFTs as incentives for donors. Kurani, in an interview, said that “NFTs are our campaign merchandise.”
Kurani has distributed NFTs to campaign donors through the SolSea marketplace. Before her offer expired at the end of December, she raised $6,610 and gave out less than a dozen tokens. Masters, on the other hand, raised $575,000 by promising to give donors tokens with cover art for a book about startup companies he wrote.
The Federal Election Commission first approved cryptocurrency contributions to campaigns nearly eight years ago, but since then only about a dozen campaign committees received crypto donations. Fundraising experts have noted both committees and donors tend to be wary of new technology because of strict campaign finance rules.
Source: https://www.cryptocompare.com/email-updates/daily/2022/jan/11/
