Catilyn Jenner Launches MEDAL Token On Ethereum Base Network

Catilyn Jenner launched a MEDAL token on the Ethereum Base network (Photo; Doc. Newsweek)

JAKARTA - Catilyn Jenner, a former Olympic athlete who is now a public figure, introduced a new token inspired by the Olympic gold medal she won. This token, named MEDAL, will launch on the Ethereum layer-2 Base network on August 8.

In a post on social media, Jenner explained that the MEDAL token does not have an initial price and its value will be completely determined by the market. This token represents the fractional part of his Olympic gold medal value, although the ownership of the token does not give the right to the physical medal, which remains under Jenner's control.

Quoted from Crypto News, Jenner said, "Over the past almost a year, I have been active in this world, and I've always been looking for new ways to help improve this space. And now, we have real-world assets that are part of Olympic history."

The project will use the ERC-721 contract to showcase the uniqueness of this NFT, which will then allow the fractionalization of 100,000,000 ERC-20 tokens. The ERC-721 will be connected to verifiable metadata from Real World Assets (RWA), including a legal contract signed by Caitlyn Jenner as the original Olympic gold medal guard, which is stored in the IPFS (InterPlanetary File System).

Jenner insists that there has never been an NFT inspired by an Olympic gold medal that is sold digitally like this. This is part of history," he said.

The launch of this token came after the 2024 Bitcoin Conference ended in Nashville, where Jenner also announced that he would be a speaker at the next event scheduled to take place in 2025.

With the launch of this MEDAL token, Catilyn Jenner not only introduced innovations in the world of NFT, but also brought the Olympic heritage to the digital era.