According to PANews, Caitlyn Jenner is set to launch a new token project named MEDAL on the Ethereum Layer-2 network Base. The project, scheduled to start on Thursday, will offer investors the opportunity to own digital portions of the Olympic gold medal she won in 1976. The total supply of MEDAL tokens will be 100 million, reflecting the verifiable metadata of a legally binding contract signed by Jenner for the ownership of the actual Olympic gold medal.

Jenner stated that this project represents her innovative attempt in the crypto space, aiming to bring positive attention to the industry. While the MEDAL tokens symbolize the value of the gold medal, they do not confer ownership of the physical item. Jenner also mentioned that holders of the JENNER token would have some involvement in the project, although specific details were not disclosed. Previously, in May, Jenner launched the JENNER token and expressed her commitment to remaining active in the crypto sector, helping more people understand and engage with cryptocurrencies.

In related news, it was reported that Olympic medalist Caitlyn Jenner launched 12 MEMEcoins over the past four days, earning approximately $405,000.