Javier Milei created his own NFT: how much the asset is sold for in Ethereum

Javier Milei created his own NFT: how much the asset is sold for in Ethereum

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Javier Milei created his own NFT: how much the asset is sold for in Ethereum

Javier Milei, a candidate for national deputy in the City of Buenos Aires, is media and histrionic. And to continue on that fine line between innovation and controversy, now it has put up for sale its own NFT that is already worth about 2,000 dollars.

Based on blockchain technology, NFTs, or non-fungible tokens, revolutionized digital art and collectibles by offering proof of ownership. The tokens have made it easy to purchase and exchange digital assets that could otherwise be easily copied, such as tweets or photographs.

There are several cases that have already become known: digital art in New York, the first tweet in history and even the source code of the World Wide Web, created by Tim Berners-Lee.

Now, the candidate for the Frente La Libertad Avanza, who this week starred in a controversy for using a song by La Renga in a proselytizing act, posted his own NFT on Opensea to get campaign funds.

The price for this type of asset is high: close to 0.5 ETH (Ethereum),which equates to about $ 2,000.

The announcement made noise, of course, in the small (and intense) libertarian ecosystem that echoes on Twitter.

The sale is auctioned with an inscription: “Our great hero Alberto Benegas Lynch said ‘Liberalism is the unrestricted respect of the life project of others, based on the principle of non-aggression, defending the right to life, liberty and property ‘”.

And then: “I’m Javier Milei and I did not come to lead lambs but to awaken lions. “

The auction will be in force on the site until September 11, the day before this year’s PASOs are held in Argentina, which had been postponed due to the pandemic situation in the country.

Milei, crypto militant

Javier Milei, in a campaign event. Photo Maxi Failla

“Argentina is fertile ground for bitcoin … because the peso, basically, is not worth excrement. It is the currency that the Argentine politician emits. These garbage are not even used for fertilizer,” said the candidate in one of his campaign events .

It happens that the candidate has been a militant of cryptocurrencies for a long time, something to be expected in the libertarian field in which he moves since any initiative that does not depend on the State is always celebrated by this political spectrum. Cryptocurrencies are decentralized and do not need third parties to operate.

Milei’s position is related to the exchange stocks, in addition. “Because people repudiate the peso. Faced with a thieving state, it is easier to get out of the currency that forces the politician. Argentina lost the reserve of value and the unit of account. Important transactions are made in dollars and not in pesos “, he explained when asked why he supports cryptocurrencies.

About NFTs

Javier Milei created his own NFT: how much the asset is sold for in Ethereum

The NFTs all the rage in the collectors market. AFP photo

A non-fungible token (NFT) is a type of cryptographic token that represents a single asset. They can be digital natives or digitized versions of real-world assets, which have significant real or symbolic value.

They are emerging from computer programs and therefore have similar functionalities to cryptocurrencies, although there is a difference between the two: NFTs need yes or yes to be integrated into a blockchain, the open source and public access blockchain that is presented as one of the safe ways to invest and do digital commercial exchanges.

Fungibility means that the individual units of an asset are interchangeable and essentially indistinguishable from one another. For example, coins are fungible, because each unit is interchangeable for any other equivalent individual unit. A one hundred peso bill is interchangeable for any other 100-peso bill that is authentic.

Acquire a token within a chain of blocks of the digital universe, or blockchain, ands use pieces that in the analog equivalent come to compare them with works of art, due to the unique character they have and the expectation value that each one of them can report.

For example, the first Twitter post, written by Jack Dorsey, one of the founders and current CEO of the social network, was sold as an NFT for $ 2.9 million. That text consisted of just five words (“Just setting up my twttr”, in Spanish “Setting up my Twttr account”).

Javier Milei created his own NFT: how much the asset is sold for in Ethereum

The first tweet ever, from Jack Dorsey. Photo Twitter

It is a message then lacking in value, but currently with a millionaire price for having been the testimony of a historical moment for a social network that has about 350 million active users.