On August 8, Caitlyn Jenner shook up the crypto world by launching a pioneering auction for her 1976 Olympic gold medal, using the MEDAL token. This bold move has quickly captured the attention of the crypto community, especially during a popular X space hosted by Mario Nawfal.
Jenner’s team developed a custom platform for the auction, leveraging the Base chain to allow fractional ownership of this legendary sports artifact. This initiative blends physical memorabilia with digital assets, giving everyone a chance to own a digital share of her Olympic gold medal.
The MEDAL Token: A New Era for Ownership
The gold medal is being transformed into an ERC-721 NFT on the Ethereum Layer-2 network, Base. This NFT will be securely stored in a vault and divided into 100 million ERC-20 MEDAL tokens, each representing a fraction of the medal. The ownership of each token is legally binding, verified by a contract signed by Caitlyn Jenner, with all metadata stored on IPFS.
Jenner shared her excitement, saying, "This is the first time a gold medal has been offered as an NFT, allowing people to own a piece of history." This unique approach not only honors Jenner's historic victory but also opens up a new investment opportunity.
Understanding Fractional Ownership
The gold medal’s ownership is encapsulated in a one-of-a-kind ERC-721 token, which includes legal proof of Jenner’s ownership. This token is securely stored, enabling the medal to be divided into 100 million MEDAL tokens. Fans and investors can now own a digital piece of Olympic history.
Auction Details
The auction, hosted on Jenner’s custom platform, runs from August 8th at 11:00 AM EST to August 15th at 11:00 AM EST. Participants can bid for fractional ownership of the gold medal during this period. With no starting price, the value of each MEDAL token could soar, making this a compelling investment opportunity.
How to Buy MEDAL Tokens
1. Visit the Auction Website: Go to https://auction.brucejennerolympicgold.com/
2. Connect Your Wallet: Click "Connect Wallet" and link your Ethereum wallet.
3. Enter the Amount: Specify the amount of ETH-Base you want to use to buy MEDAL tokens.
4. Contribute: Click "Contribute!" to complete your purchase and secure fractional ownership of the 1976 Olympic Gold Medal through your MEDAL tokens.
This auction is a groundbreaking step in merging sports memorabilia with blockchain technology, offering enthusiasts and investors a new way to own a piece of Olympic history.
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