A US lawmaker is funding its campaign with … NFTs!

Decentralized politics! – A political campaign is expensive. LR candidate Valérie Pécresse, “lost in the metaphor”, paid the price for her French presidential campaign in 2022. In fact, when she had not reached the 5% needed to repay her campaign, she recently launched an appeal to donations. Matt West, an aspiring lawmaker in Oregon’s Sixth Congressional District, found an untraditional but oh so effective alternative ! The former decentralized financial developer (DeFi) has planned to sell a collection of non-fungible tokens (NFT) based on Ethereum to raise money for its campaign.

Father Beaver, fund us a campaign

Matt West’s NFT collection contains beavers (Oregon’s beasts) from cartoons. All NFTs are the work of movie poster artist Paul Zeaiter. Their prices vary according to their rarity. The Democrat said levels the most expensive reaches nearly $ 5,800.

Matt Wests Beaver NFTs.

It is not yet clear if they will make a difference in the fight for Oregon’s new congressional district. Nine Democrats are currently fighting for the seat in what has become a surprisingly expensive primary race. One candidate estimated that the Campaigns and Political Action Committees (PACs) would have spent $ 15 million on the primary day, May 17th.

West’s NFTs are based on Ethereum, so they will be can be purchased in ether (ETH). It’s all in line with West’s belief in his roots personality. The Democrat was actually a developer on the Ethereum-based DeFi protocol, Yearn Finance.

“We fought hard to make sure it was something that would resonate in society”

Matt West, Democratic candidate from Oregon 6.

NFTs and cryptocurrencies are taking over US policy.

Oregon’s Democratic Primary 6 consists of a cosmopolitan community. This new slightly blue district in the northwestern part of the state is not particularly interested in NFTs. By West’s concession, it’s filled with voters who do not care about cryptocurrency. On the other hand, major problems such as climate change are looming. Ethereum blockchain is energy intensive. However, Matt West does not believe it can be a responsibility of his campaign.

Ethereum will be Proof of Stake (PoS) very soon which will divide the energy consumption by 2,000 ”.

Matt West, Democratic candidate from Oregon 6.

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Cryptocurrencies and NFTs are at the heart of the debate

Many American political candidates have tried fundraising through NFTs during this term. The goal ? Take advantage of the hype surrounding these digital collectibles.

“There are a few who have succeeded, but in general they are not treated with respect. They are not necessarily negotiable. They cannot be redeemed for cash. You pay them by credit card and on an alternative blockchain. »

Matt West, Democratic candidate from Oregon 6.

The NFTs emphasize the West’s commitment to a “progressive” cryptocurrency. In any case, said Zeaiter, the artist of the project, who will soon be the recipient of their royalties in the secondary market.

“The rules are coming and I’d rather have someone like Matt who knows his stuff”

Paul Zeaiter, movie poster designer and collection artist

NFTs and cryptocurrencies are at the center of debates in the United States.

The presence of cryptocurrencies is felt in the Oregon 6 race with or without West NFTs. Another great candidate, the Oregon State House Rep. Andrea Salinas, has already voted ban blockchain apps of all public services. Another candidate, Cody Reynolds, is a crypto investor, running a self-funded campaign.

Carrick Flynn, meanwhile, has no known opinion on crypto. His candidacy, however, benefits almost $ 5 million support from cryptomillionaire Sam Bankman-Fried. As a result, he is the most criticized of all the candidates. Some even consider him a “crypto minion”.

Matt West and four other contestants blew the whistle on Flynn benefiting from FTX CEO SBF’s money. All this is happening according to them, “at a time when the cryptocurrency industry is seeking to increase its influence in Washington”. Take effect, the lobbying work did not start yesterday!

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