Nothing will make a person question their individual pursuits more than when a politician starts to do it. So, it is slightly distressing to hear that the US government has stepped into NFTs.
Over recent months, election candidates within the US have hit on the novel method of using NFTs to acquire political donations. These handy assets circumvent the traditional transparency laws surrounding funding and allow politicians to raise large sums efficiently.
Just last month, the improbably named Republican, Blake Masters, raised almost $600k through an NFT campaign in which he offered up artworks from a book he co-authored on start-ups. Republican, Shrina Kurani however, had less success. After stating, “NFTs are our merchandise,” she only raised approximately $6000 through her tokens while over in Korea, presidential candidate Lee Jae-myung used NFTs to raise funds for his latest campaign.
The crux of the matter is that politicians want to attract younger voters, and they think the way to do that is through NFTs, not fully understanding that the younger generation are more savvy than they are given credit for, and have become a cynical force to be reckoned with.
NFTs and crypto in general, offer a method of anonymously donating to a preferred political party, while somewhere later down the line they will be responsible for legislating against it. These murky waters then, will take a fair deal of traversing. What the world really wants are NFTs of Hilary’s emails, Donald’s tax returns, and Andrew Cuomo’s….oh, never mind.