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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

China’s State-Run Blockchain to Separate Crypto from NFTs

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Despite its hard-line stance when it comes to cryptocurrencies, global powerhouse, China, still has designs on the blockchain. In order to separate the underlying technology from its association with crypto it is building its own state-run blockchain for NFTs.

Under the banner of “Blockchain Services Network (BSN),” Beijing aims to capitalize on the popularity of NFTs, while at the same time disconnecting it from the currencies that surround it. The result is the BSN DDC, or Blockchain Services Network Distributed Digital Certificate. In addition, BSN will integrate services from 10 major blockchains including Ethereum and Corda, but will not operate on a decentralized framework, therefore allowing government access to the data, creating a distribution system that is closely monitored by Chinese authorities.

China’s solution will conduct all payments and transaction fees related to BSN using Renminbi, the standard Chinese currency. However, China already enjoys a vast digital payment infrastructure, optimized to facilitate it. Several major Chinese tech companies have backed the move, including Tencent, JD.com and Baidu, all of which have recently launched NFT collections under the name “digital collectible.”

The downside of this operation is that while utilizing different rules from the rest of the world, the Chinese NFT market is likely to become isolated. Therefore, reducing NFT engagement between it and other nations.

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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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Shoe Retailer ‘Crocs’ Initiate NFT Launch Through Trademark Application –

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Foam shoe retailer Crocs has recently filed a trademark application which can manage and store NFTs. Through acquiring the rights to the trademark, the Colorado-based company will be in possession of intellectual property that is both digital and physical in nature.

Specifically, Crocs’ trademark registration states its intention to cover the categories of downloadable digital media namely, digital assets, digital collectibles, digital tokens, and NFTs. When continuing to relate such digital assets to the brand itself, the application states that they will take form in the nature of footwear, clothing, bags, accessories, and decorative footwear charms.

The application also includes information on how the company will leverage blockchain technologies in order to showcase the digital products to its customers, as it states its intention to use downloadable computer software for creating, managing, storing, accessing, sending, receiving, exchanging, validating and selling digital assets, digital collectibles, digital tokens and NFTs.

The infamous moulded-footwear company, which has sold over 300 million pairs of its patented, opinion-splitting clogs, is certainly not the first shoe brand to enter the world of NFTs, as industry giants Nike, Adidas, and Under Armour already allow fans to flaunt their digital kicks across platforms such as The Sandbox and Decentraland, whilst luxury fashion brand Jimmy Choo also released an exclusive NFT shoe collection.

Follow Crocs >> Twitter

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Aavegotchi Confirm New Sacred Text

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Devotees of the Gotchiverse will soon have a sacred text to lead them on their ghostly adventures. The Aavegotchi team is putting together “The Gotchiverse Game Bible,” the foremost compendium for navigating their spooky domain.

Aavegotchi will release this public-facing game design document in small bite-size chapters under the intense guidance of the AavegotchiDAO. Each chapter will form its own DAO discussion thread for deliberation over a one-week period. Once the community is in full agreement, then its contents will become canon.

This hefty tome will form the backbone of the Gotchiverse, providing a comprehensive guide to the inner workings of the Aavegotchi domain. Therein, it will cover a multitude of subjects including, tokenomics, installations, wearables, guilds and much more, making it the go-to source of knowledge for novices and seasoned veterans alike.

Gotchiverse Bible

The document itself is designed to complement the Litepaper, while providing a deeper explanation of all things Gotchiverse. To aid its implementation, the team will host the document on Github, and provide full transparency of all edits. As a result, the first edition of the Game Bible will support the official launch of the Gotchiverse.

“Book One: The Citadel” will release throughout Q1 2022. Keep tabs on the Aavegotchi Twitter feed for further details.

Read more >> Here

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