Venture Capitalist Running For US Senate Is Releasing An NFT Collection

Blake Masters, an “America first conservative” and venture capitalist is hoping that an NFT will help fund his US Senate campaign. Masters is offering the NFT to 99 people who make the maximum possible donation to his campaign.

NFT Part of Reward for Donating To Masters’ Senate Campaign

As part of his campaign fund-raising, the Donald Trump-supporting venture capitalist is minting a collection of 99 NFTs. However, he isn’t selling the NFTs. Rather, they are a gift for 99 people who donate the maximum amount to his campaigns.

To clarify, the max donation is $5800, with half of that for the Republican primary. Should Masters win that, he would run for a US Senate seat in Arizona late in 2022. If he doesn’t, donors will get back the other half of the $5800.

The NFT is just one “thank you” gift for the 99 max donors to Masters’ campaign for the US Senate. For one thing, they get a signed copy of his book. They also get an invitation to a party for NFT-holders and a Discord chat.

The NFT is based on the early cover art for the book “Zero To One” that Masters co-wrote with Peter Thiel. The Senate candidate met the famous venture capitalist while he was a law student at Stanford.

Before running for the Senate and gifting NFTs to donors, Masters used to run Thiel’s investment firm. At present, he still serves as president of the Thiel Foundation. What’s more, Thiel has donated $10 million to a political action committee that will spend and raise funds for Masters’ senate campaign.

It remains to be seen how the NFT will work as an incentive for the Senate hopeful’s donors. Indeed, it’s hard to say what the overlap of his supporters and the NFT community might be.

With all that said, he isn’t the first person with Trump ties to drop an NFT. As a matter of fact, there have been several people in the Trump orbit to enter the space in the past month alone.