PANews reported on August 6 that according to Decrypt, Caitlyn Jenner will launch a token project called MEDAL on the Ethereum Layer-2 network Base. The project will be launched on Thursday, giving investors the opportunity to split the digital part of the Olympic gold medal she won in 1976. The supply of MEDAL tokens is 100 million, mapping the provable metadata of the legal contract signed by Caitlyn Jenner to own the actual Olympic gold medal.

Jenner said the project is her innovative attempt in the crypto space, and she hopes to use this opportunity to bring positive attention to the crypto industry. Although the MEDAL token represents the value of the gold medal, it does not give ownership of the actual item. Jenner also mentioned that JENNER coin holders will have some involvement in the project, but did not disclose specific details. Jenner previously launched the JENNER coin in May and said she will continue to be active in the crypto space and is committed to helping more people understand and participate in cryptocurrencies.

Earlier news, Olympic medalist Caitlyn Jenner launched 12 MEMEcoins in the past four days, making a profit of about $405,000.