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\u201cFreedom in a wallet\u201d is how Member of European Parliament Stefan Berger describes the non-fungible token (NFT) he is now selling on Opensea. The NFT represents a pair of \u2018Bergoletten\u2019 slides. Shoes symbolize the first step in every development, says Berger who invested efforts in making sure Europe\u2019s upcoming crypto legislation gets the backing of his colleagues. <\/strong><\/p>\n Stefan Berger, the German member of the European Parliament (MEP) who was tasked to facilitate the progress of EU\u2019s Markets in Crypto Assets (MiCA<\/a>) regulatory package, has come up with a summer initiative to promote tokenization, something \u201cas groundbreaking for the world as the introduction of the stock market was in the 17th century.\u201d<\/p>\n In late July, the member of the group of the conservative European People\u2019s Party urged his followers on Twitter to join an auction<\/a> on the NFT marketplace Opensea. \u201cMy NFT is out now,\u201d Berger announced in a post about the sale which ends on Monday, Aug. 15. \u201cFor me, this NFT is a piece of digital freedom in a wallet,\u201d he wrote in the tweet.<\/p>\n The Bergoletten NFT, which he claims to have designed, represents a photo of a pair of men\u2019s slides, one of which is branded \u201c#bergo\u201d and the other one \u2013 \u201cropa.\u201d The Bergolettes are the optimal summer gadget and were chosen as NFT-motif because every great development begins with a first step, the seller explains<\/a> on his website, vows to spend the proceeds on swimming promotion, and elaborates:<\/p>\n What was tradable yesterday is tokenized on the blockchain today. Yesterday, you wore bathing shoes on your feet, today you carry them in your wallet \u2013 in the form of this NFT.<\/p>\n<\/blockquote>\n Stefan Berger\u2019s NFT stunt came after a significant advance towards the adoption of the pan-European crypto regulations. In early July, the key participants in the Union\u2019s complex legislative process \u2013 the Parliament, Council, and Commission \u2013 made a deal<\/a> to implement MiCA across the 27-strong bloc.<\/p>\n Berger played a role<\/a> for a decision to drop a controversial proposal<\/a> to prohibit the provision of services for coins relying on the power-hungry proof-of-work (PoW<\/a>) mining algorithm from the draft. The texts, which would have amounted to an effective ban on cryptocurrencies like bitcoin, the minting of which requires a lot of electrical energy, sparked negative reactions from the continent\u2019s crypto space.<\/p>\nEuropean Lawmaker Auctions NFT Slides on Opensea<\/h2>\n
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EU Mulls Treatment of NFTs Under MiCA Regulations<\/h2>\n