Donald Trump launched his own NFT collection while the crypto market bleeds significantly. The former president throws himself into the NFT space, with a total of 45,000 digital trading cards.
Donald Trump NFTs
The popularity of non-fungible tokens (NFTs) suffered along with other risk-on assets this year, but that didn’t stop Donald Trump from launching a whopping 45,000-piece NFT collection. Each one is sold for “only $99,” as stated on the website.
Also read: Kevin O’Leary blames the FTX collapse on Binance
Just one day after the launch, it’s all sold out according to the website! All 45,000 pieces. Donald Trump has just released a set of NFT trading cards, with the promise of real-world perks like meeting the former US president or attending a gala dinner with Trump himself.
On Thursday, Trump promoted his Collect Trump Cards campaign on his verified Truth Social account, available only for US citizens. The digital trading cards are created on Polygon, one of the most popular networks used for NFT collections.
Crypto Twitter reactions
Every NFT features the ex-president in some illustrated way like a superhero, cowboy, astronaut, golf player, and much more. Crypto proponents are generally not happy with this NFT launch.
Donald Trump is launching his NFT collection
Sell everything
The bear market won pic.twitter.com/VVIH63Y1AB
— LilMoonLambo (@LilMoonLambo) December 15, 2022
Aubrey Strobel pointed Twitter to a tweet from Donald Trump in 2019, where he clearly stated “cryptocurrencies are not money, and whose value is highly volatile and based on thin air.” Now he has launched his own assets based on thin air.
how it started how it’s going pic.twitter.com/1c76kGUmUw
— Aubrey Strobel (@aubreystrobel) December 15, 2022
On the other hand, Binance CEO CZ is happy about this fact and thinks it’s a good step in the future, stating “he didn’t like crypto before.”
The former United States President issues NFTs. And he didn’t like crypto before. We are getting there. https://t.co/NxCD91sveh
— CZ 🔶 BNB (@cz_binance) December 15, 2022
In my opinion, Trump NFTs are just a cash grab with no utility other than a cool picture. Zoom call or gold with Trump? I don’t buy that. However, paying $100 for an NFT without actual utility and with such a high supply of 45,000 is probably too much.
Comments
Post has no comment yet.