Donald Trump and NFTs
Donald Trump has once again made headlines, this time for his foray into the world of Non-Fungible Tokens (NFTs) with his latest venture “Trump Digital Trading Cards.” These digital trading cards are inscribed onto the Bitcoin blockchain and are set to be released on Magic Eden, a leading NFT marketplace.
Trump’s Unique NFT Collection
The “Trump MugShot” collection consists of 200 cards and is inscribed on the Bitcoin blockchain using the innovative Ordinals protocol. These NFTs are available for purchase exclusively with Wrapped Ethereum, a technology that facilitates value transfer across different blockchains.
Non-Tradable Until December 2024
Trump’s digital trading cards won’t be tradable until December 2024, which has garnered attention in the crypto community. Despite their exclusivity, some potential NFT buyers are less attracted to them. The first 200 buyers who purchase 100 Trump NFTs in one transaction will receive a special “one of one” inscription and two VIP tickets to a Trump-hosted event at Mar-a-Lago.
Trump’s Previous NFT Projects
This isn’t Trump’s first venture into the NFT space. In December 2022, he released the “Trump Cards” NFT collection, which saw significant trading on OpenSea. His second series in August featured limited one-of-one NFTs and autographed cards.
Trump’s NFT Ownership and Management
Rumors have swirled regarding the ownership and management of Trump’s NFT projects, and his official website has stated that the proceeds from these NFT sales are not intended for his presidential campaign. In a financial disclosure, Trump disclosed earnings from his digital trading card sales and stated his position in the companies associated with these projects.
Hot Take
Trump’s decision to delve into the world of NFTs has drawn attention and sparked intrigue. Despite the controversies surrounding these projects, they have raised eyebrows and added a unique dimension to the world of digital collectibles.
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