The Democratic Party has a presidential candidate.
Anthony Wallace is pictured.
Lee is going to use the red-hot market for non-fungible token to raise money for his campaign.
Lee's campaign team said that the Democratic Party will issue NFTs with his image and policies in exchange for monetary contributions.
Lee will be the world's first presidential aspirant to issue NFTs for campaign finances if the digital asset fundraising is successful.
The innovative effort is meant to lure younger voters who are involved in the space.
The move marks the party's efforts to explore new ways of integrating digital assets into the old-school models of election campaign fundraising.
The campaign committee official said that the young generation in their 20s and 30s are interested in emerging technologies, including virtual assets, NFTs and the metaverse.
Lee Kwang-jae, a lawmaker in the same party, recently said he will start accepting donations in the form of NFTs, according to a report by The Korea Times.
Major investors worldwide from Hollywood to Wall Street jumped in on the craze as the market for NFTs ballooned to a $41 billion market.
Business Insider has an original article.
