Lim Kit Siang speaks during a press conference for the launch of DAP’s GE15 fundraiser “Langkah Sheraton NFTs” at Impian Theatre, Plaza Bukit Jalil on August 1, 2022. — Photo by Choo Choy May
By Shahrin Aizat Noorshahrizam
Monday 01 August 2022 16:17 MYT
KUALA LUMPUR, Aug 1 – The DAP hopes to raise RM1million for the next general election, widely believed to be called this year.
To get the ball rolling, the Federal Opposition Party has put up for sale 8,888 images linked to the controversial “Sheraton Move” which triggered the collapse of the Pakatan Harapan government.
Tony Pua presents his painting to Anthony Loke during a press conference for the launch of DAP’s GE15 fundraiser ‘Langkah Sheraton NFTs’ at Impian Theatre, Plaza Bukit Jalil on August 1, 2022. — Photo by Choo Choy May
“This is probably the first time such a project has been launched in Malaysia, perhaps in the whole region. We have had NFT projects from political parties or politicians but these are fully digital.
“But we’re a bit unique because we don’t just offer NFT as digital art. We are offering NFT by releasing NFT technology to allow members of the public to co-own a particular asset, in this case a physical ‘Langkah Sheraton’ painting,” Damansara MP Tony Pua said at the fundraiser launch. funds at Impian Theatre, Aurora Place in Bukit Jalil here today.
The images are sold as non-fungible tokens (NFTs) and will open for sale on August 31 at the price of virtual currency $45 MATIC per design.
As of July 18, $10 MATIC is equivalent to US$9.10 or RM40.52.
Tony Pua poses with his painting ‘Langkah Sheraton’ which will be sold as part of DAP’s GE15 fundraiser ‘Langkah Sheraton NFTs’ at Impian Theatre, Plaza Bukit Jalil on August 1, 2022. — Photo by Choo Choy May
The images will be made available on Polygon, an Ethereum decentralized scaling platform, as well as major global NFT marketplaces like Opensea.io and Rarible.com.
Pua said NFTs are categorized into four levels of rarity.
The first tier is for ultra rare, of which there are only 88 designs while the next tier of rare designs is 400 images, followed by 2,400 limited designs and 6,000 original edition designs.