The crypto community has issued more than 140,830 non-fungible tokens (NFTs) as part of a collection that was initially established by the industry behemoth Coinbase. The purpose of the collection is to encourage US regulators to develop a much-required “sensible crypto policy.”
‘Stand with Crypto’ is a collection of commemorative non-fungible tokens (NFTs) that were released in April of this year and had “no intended utility or value.”
According to what was said on the website, the collection serves as “a symbol of unity for the crypto community seeking sensible crypto policy.”
The image depicts a blue shield that stands for individual support as well as the collective stance taken to safeguard and develop the potential of cryptocurrencies.
People who are interested can add a shield emoji next to their Twitter display name and mint a free ‘Stand with Crypto’ NFT.
After that, they have the option of either registering on the ConsenSys Quorum website or becoming “a Stand with Crypto advocate” by scanning the QR code that is located on the NFT.
According to the description, the accompanying QR code is changed on a regular basis to provide the NFT holder with the ability to conduct “different actions to continue advocating for crypto.”
The following can be found on the Quorum website:
It is more crucial than ever to campaign for pro-crypto policies in the United States if you are passionate about crypto and believe in the promise of web3.
It then goes on to explain that ‘Stand with Crypto‘ is a grassroots effort that aims to push for pro-crypto policies and to “change hearts and minds” in each of the 435 Congressional Districts in the United States.
They have high hopes that the campaign would help influence laws and policies, bring individuals together to form a community that will give them strength in numbers, stimulate innovation, safeguard jobs, and educates regular Americans about cryptocurrencies.
As of the time this article was written, there has been minted a total of 140,830 pieces. One of these was minted by the Chief Executive Officer of Coinbase, Brian Armstrong.
According to the statistics provided by OpenSea, the collection had a total volume of ETH 5 at the time of this writing. Additionally, the floor price was ETH 0.0002, and there were 53,155 owners.
According to a statement made by Coinbase, all mint fees linked with this collection would be donated to verified groups through a Crypto Advocacy Round organized by Gitcoin.
Create a limitless supply of NFTs, and bring in further financial support for cryptocurrency advocacy.
Notably, this increase in interest in the collection occurs at the same time as the United States Securities and Exchange Commission (SEC) has begun a legal battle with various cryptocurrency exchanges, including Coinbase and Binance. You’ll find additional information about it down below.
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