Billionaire and Ex-US President Donald Trump Launches Official NFT Project – This is What You Need to Know
Donald Trump, the 45th President of the United States, has released a collection of non-fungible tokens (NFTs) that portray him in various guises, including a superhero, astronaut, and cowboy.
Called "Trump Cards," the NFT collection features a series of digital "cards" depicting the former president in various iconic poses and situations, which include Trump as a muscle-bound wrestling champion, Trump holding a basketball, and even Trump in space.
"These limited edition cards feature amazing ART of my Life & Career!" Trump reportedly said. He added that the cards, costing $99 (£81) each, "would make a great Christmas gift."
There are a total of 45,000 NFTs, all minted on Polygon, a layer-two scaling solution that runs alongside the Ethereum blockchain and allows for speedy transactions and low fees.
Buyers will also be entered into a sweepstake, with the chance of winning prizes, including a gala dinner or a game of golf with Trump. The former president said the digital cards were "very much like a baseball card, but hopefully much more exciting."
"These are just like baseball cards, but you collect them digitally, on your computer or phone. All you need is an email address and a credit card to start collecting 1, 10, 20, or 100. Instantly become part of a new league of collectors," the collection's website reads.
Notably, the website clearly states that funds raised from the NFTs won't be used for Donald Trump's presidential campaign. In mid-November, Trump announced that he would mount a third White House campaign, launching an early start to the 2024 contest.
Data by OpenSea shows that the entire collection has already sold out. Furthermore, the project currently has a secondary trading volume of 556 ETH, worth over $670,000, on OpenSea.
Trump's "Major" Announcement Mocked
Earlier this week, Trumped triggered speculation after saying he would make a "major announcement." Ostensibly, his big announcement was the launch of his NFT collection, which has been mocked by some high-profile Republicans as well as social media users.
In an apparent jibe at Trump, US President Joe Biden said on Twitter that he had "some MAJOR ANNOUNCEMENTS the last couple of weeks too," listing some of his recent achievements.
Some users also noted that Trump could have changed his mind about crypto. Back in 2021, the billionaire said he was not a fan of cryptocurrencies, claiming that these digital assets are dangerous.
As reported, Melania Trump, the former First Lady of the United States, announced her NFT collection in mid-December 2021. Titled "Melania's Vision," the sales from the collection were supposed to benefit her Be Best initiative.