On Thursday, August eighth, at 11am EST, Olympic gold medalist Caitlyn Jenner will public sale her 1976 Olympic gold medal on the blockchain utilizing the MEDAL token.
Jenner’s crew has created a specialized launchpad for the MEDAL token public sale on the Base chain, permitting individuals to personal a digital fraction of her gold medal. This concept emerged forward of the Summer season Olympics as a strategy to bridge the hole between bodily and digital belongings.
“I’ve been concerned on this area for practically a yr now, all the time looking for new methods to reinforce it,” Jenner defined. “This gold medal, a chunk of Olympic historical past, represents a singular real-world asset.”
Jenner reminisced concerning the second she received the Olympic decathlon, again when she was referred to as Bruce Jenner earlier than transitioning to Caitlyn in 2015.
“That was my ultimate competitors. I knew it was my final as a result of I had sacrificed a lot to get there. Successful was a second of sheer satisfaction,” she shared. “I overcame each problem, took on the world, and emerged victorious. It was a strong expertise.”
The gold medal might be transformed into an NFT (ERC-721) on the Ethereum layer-2 community Base, securely saved in a token vault, and divided into 100,000,000 tradable ERC-20 tokens referred to as MEDAL. The ERC-721 good contract is linked to the verifiable metadata of a legally binding contract signed by Jenner, confirming possession of the bodily gold medal, which is saved on IPFS.
Jenner emphasised that the rollout might be a “truthful launch,” with the official web site counting all the way down to Thursday.
“There’s no set beginning value,” Jenner famous. “We’re placing it on the market and letting the market determine its worth.”
“That is the primary time a gold medal has been digitally fractionalized and made accessible as an NFT,” Jenner remarked. “It’s a chunk of historical past.”
Jenner first ventured into the crypto world in Might together with her JENNER coin on Ethereum, initiating the superstar meme coin development. She talked about that JENNER token holders can be concerned within the gold medal NFT undertaking however didn’t elaborate.
“We received’t neglect the JENNER coin holders. Everybody will hear extra about it on Thursday,” she assured. “I would like everybody concerned with my cash and initiatives to really feel like winners.”
Jenner additionally introduced she might be a speaker on the subsequent Bitcoin Convention in Las Vegas in 2025, following the current occasion in Nashville the place Donald Trump was a speaker.
How Does Fractionalization Work?
The gold medal’s possession rights are minted on-chain as a singular ERC-721 token, a non-fungible token that features authorized proof of possession signed by Jenner. This ERC-721 contract is saved in a token vault, enabling the fractionalization of the medal into 100 million items/tokens. This setup permits anybody to personal part of Olympic historical past.
The public sale might be hosted on Jenner’s customized platform, beginning Thursday, August eighth, at 11:00 AM EST, and ending on Thursday, August fifteenth, at 11:00 AM EST. Throughout this time, contributors can purchase fractional possession of the gold medal by way of a clear course of on Base (an Ethereum Layer-2).
Regardless of no beginning value, the potential worth is critical, with some speculating every token might be value a whole bunch of {dollars}.
Jenner’s revolutionary undertaking bridges the hole between bodily and digital belongings, offering followers and traders a novel alternative to personal a chunk of Olympic historical past.
