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Politicians Leverage NFTs to Attract Younger Voters

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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.

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*All investment/financial opinions expressed by NFT Plazas are from the personal research and experience of our site moderators and are intended as educational material only. Individuals are required to fully research any product prior to making any kind of investment.





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NFT

Peckshield Calls Rug Pull on Dubious Dragoma Activity

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On the ball crypto sleuths, Peckshield, have unearthed details of the latest dastardly rug pull, detailing how recently ‘launched’ Web3 gaming platform, Dragoma, emptied the project coffers and scarpered.

Those waking up to check how their Dragoma tokens ($DMA) are doing will face an almighty surprise. The previously touted gaming utility token has seen the bulk of its liquidity moved to centralized exchanges, while simultaneously, the project website and its associated social media accounts have all but disappeared.

Over recent weeks, the Dragoma project appeared to gain significant traction, promising to build an adventure style game on the Polygon network featuring collectable NFTs and onboard economy. The wheels came off early on August 8 however, when the token price plummeted 99.87% from the heady heights of $1.34 down to a pitiful $0.0012. This resulted in an estimated swindle of approximately $3.5 million worth of assets, with Peckshield reporting that the funds appear to be destined for centralized exchanges.

Coupling the plummeting token value with the deactivation of Twitter and Discord channels, leaves all the hallmarks of a classic rug pull. However, if centralized exchanges have entered the mix, hopefully a spot of KYC will prove their downfall.

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*All investment/financial opinions expressed by NFT Plazas are from the personal research and experience of our site moderators and are intended as educational material only. Individuals are required to fully research any product prior to making any kind of investment.





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The Music NFT Show: Podcast Episode 14

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Welcome to another round of The Music NFT Show! This week, we are back with Podcast Episode 14! This podcast is in collaboration with the incredible J.Thorn, a cutting-edge author, musician and podcaster, with a finger on the pulse of everything cool in music and NFTs.

J.Thorn along with his talented daughter Q, discusses a variety of music NFT news and topics. Q hosts the weekly artist spotlight and shows you what’s hip and trending in music NFTs.

So, grab your headphones and tune in for some epic beats and chats on the latest updates in Web3 music! Check out the summary notes below of this week’s Episode 14, and have a listen!

Quick summary: Keeping it short and sweet this week. An interview with Josh from CTHDRL and toes in the sand.

Music NFT News

Catch up with Josh from CTHDRL.

Jagwar Twin Twitter- @jagwartwin

Friends with Benefits Twitter – @FWBtweets

Death of My Generation Website – deathofmygeneration.fun

Thanks for listening to the Music NFT Show. Make sure you go to MusicNFTShow.com to get your free VIP backstage pass to our exclusive community!

Got news? Submit news stories or recommend artists for the Artist Spotlight by tweeting @JThorn_ or using the hashtag #musicnftshow

Proudly hosted by Transistor.fm – Unlimited podcasting at just $19.00/month!

Music by G3ARZ

[Please note: Some of the links are affiliate links which means our generous host JThorn makes a small percentage of a sale if you buy through the link. Everything he recommends he uses it himself, and only recommends those he trusts. However, you can always Google them if you don’t want to use his links. LFG!]

>> Click Here to Listen to More Episodes

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Tiffany & Co.’s NFTiffs Rakes in Over $12.5 Million

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Friday saw the launch of Tiffany & Co.’s highly anticipated exclusive NFT collection for CryptoPunk holders, NFTiffs. As many would’ve expected, it took less than half an hour for the sought after 250 digital assets to completely sell out. 

With the assets each being priced at 30 ETH apiece (or around $50,000), the collection as a whole raked in over $12.5 million worth of revenue for the luxury jeweller. For now, all lucky NFTiff holders must do is redeem their asset by August 12th in order to ensure that they receive their luxury, Punk-inspired pendant without any complications.

As per the data provided by OpenSea, there appears to be 185 individual NFTiff owners, which further implies that a small number of CryptoPunk jewellery enthusiasts decided to make more than one purchase during the sale. This is due to the fact that the sale allowed each Punk holder to mint a maximum of three. 

Once redeemed, NFTiff holders can then marvel at their pixelated NFTiff artwork whilst they wait for the delivery of their custom-finished, rose/yellow gold pendant which comes with at least 30 gemstones and/or diamonds. The delivery date is expected to take place in the early months of 2023, however, a specific deadline hasn’t been made. That being said, the final renderings of the pendants is scheduled to take place in October of this year. 

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