The presidential race in South Korea is heating up. The contest is too close to call. In a bid to woo the voters from the crypto space the two main rivals are promising to give away NFTs.
The candidate from the conservative party Yoon Suk Yeol was quick to get off the blocks. He issued 4000 NFTs. They were issued on S Korea’s CCCV – the marketplace for NFTs. Each of the NFTs was valued at $40. The candidate plans to issue a total of 22,329 NFTs.
His democratic party rival also made a similar announcement. He said that he would issue airdropped NFTs.
This is part of the strategy to attract younger voters in the elections scheduled for Mar 9. Both candidates believe that such moves will only influence the younger voters. The older ones have already made their choices. Such moves will not help to sway them.
Such a move makes eminent sense in S Korea. The country has been an early and a large adopter of cryptocurrency. 40% of the people in the age group of 20-30 years own crypto. The total volume of crypto trading is more than that on the Korean stock exchange.
To further woo the crypto community, the candidates have promised to amend regulations to make it more crypto-friendly. The promised regulations will be aimed at bringing back ICO and making crypto investments safer.
The promised regulations will also aim to create a more transparent system for crypto investment. A separate agency is proposed to be created that will promote and monitor the crypto and NFT space.
The competition between the rivals is fierce, prompting the press to dub the elections as the squid game elections.