“We’re excited to continue transforming impactful, exclusive, behind-the-scenes moments into digital assets that help advance progressive causes,” said Front Row co-founder Parker Butterworth.
Front Row, a marketplace for progressive groups, announced a partnership with the Texas Democratic Party to test a platform for fundraising for candidates and causes using nonfungible tokens.
Front Row said on Oct. 11 that it has already produced digital pictures of major progressive movement events and offered the nonfungible tokens (NFTs) for sale. Several of the NFTs on display contain “wanted” posters portraying conservative Texas legislators leaving the state.
Front Row states that the money collected via its NFTs would be sent “directly toward political organizations and people,” but did not elaborate on how the digital purchases would comply with existing campaign finance regulations. Candidates for federal positions seem to be prohibited from receiving more than $5,800 from a single person for the selling of one or more NFTs under US law.
“NFTs will become a critical component of any political fundraising campaign, and the introduction of our marketplace will provide Democrats throughout the nation with a financial edge over their Republican counterparts,” Front Row co-founder Parker Butterworth said, referring presumably to Republicans. “We’re excited to continue transforming strong, exclusive, behind-the-scenes experiences into digital products that help advance progressive goals.”
In keeping with progressive ideals, Front Row said that it would also aim to be carbon neutral by giving a part of NFT profits to “carbon capture and reduction” initiatives. Though the platform would begin at the state level in Texas, it hinted at the possibility of growing to include national candidates and issues.
Though many local, state, and federal candidates for office in the United States have declared they would take bitcoin contributions — most likely to attract younger, tech-savvy voters — NFTs have been notably missing from congressional discussions.
According to a study published in August, the current 117th Congress has introduced 18 legislation relating to digital assets and blockchain technology for 2021.
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