Democratic Party (DP) presidential candidate Lee Jae-Myung, is planning to raise funds in cryptocurrencies and issue NFTs to supporters.

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The party will send NFTs to anyone who donates funds in either Bitcoin or Ethereum for the campaign for the upcoming presidential elections. By doing this, Lee Jae-Myung will become the first political in the world to issue NFTs for campaign funding.

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While it is not clear which blockchain the NFTs will be minted on, they will feature photographs of the candidate along with his pledges. The NFTs will get eventually sent to donors via email.

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In an interview with Yonhap News, campaign official Kim Nam-kook said the party is doing this to connect with the younger generation. “As the young generation in their 20s and 30s are interested in emerging technologies, including virtual assets, NFTs and the metaverse, this type of fundraising could appeal to them."

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