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Reading: Political Hopefuls Turn to NFTs to Raise Funds for Midterms
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The Wall Street Publication > Blog > Tech > Political Hopefuls Turn to NFTs to Raise Funds for Midterms
Tech

Political Hopefuls Turn to NFTs to Raise Funds for Midterms

Editorial Board Published May 14, 2022
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Political Hopefuls Turn to NFTs to Raise Funds for Midterms
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Some candidates in the midterm elections are experimenting with NFTs to help raise money and spark interest in their campaigns, following the lead of artists as well as big consumer brands, even as the broader market for such items has cooled.

Venture capitalist Blake Masters is launching a second round of offerings of nonfungible tokens following a big haul earlier this year to help fund his Republican Senate bid in Arizona. Democratic House candidate Shrina Kurani in California and Democratic Senate candidate Steven Olikara in Wisconsin have also sold NFTs, seeing them as a novel way to reach supporters beyond typical knickknacks like T-shirts.

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