March 4, 2023
Ex President: Trump NFT Trading Cards
Former US President Donald Trump entered the world of NFTs by launching a series of collectible trading cards known as Trump NFTs. They show animations of the former president in different jobs, such as being a superhero, astronaut, and NASCAR driver. Each card is an exclusive digital asset that employs blockchain technology to verify ownership.
The Trump forms of digital content were sold for $99 each and all 45,000 cards were sold out within 12 hours, generating nearly $5 million in revenue.
Controversy Surrounding Trump NFTs
Despite selling out quickly, the Trump NFTs faced criticism and mockery, even from Republicans. Steve Bannon, a former chief strategist for Mr. Trump and right-wing media commentator, said that anyone involved in the project "ought to be fired today". The NFTs' website clarified that the funds raised would not be used for Trump's presidential campaign.
Nevertheless, experienced NFT traders are purchasing multiple tokenized Trump cards, stocking up on a continued rise. The Trump NFTs have demonstrated the potential of NFTs to generate substantial revenue for both controversial figures and digital content creators.
Online blockchain investigators suspect that the creators of the failed Sylvester Stallone NFT project, PlanetSly, are also behind Trump's collectible cards. The art used for Trump's NFTs is also questionable, as the creators reportedly stole images of his trading cards from stock photos and other sources, some of which still had watermarks on them.
Moreover, NFT LLC, the company that created Trump's NFTs, is not owned or controlled by Donald J. Trump. This suggests that someone else is behind the project and that Trump only licensed the use of his name. The owner of NFT LLC and the company itself are nowhere to be found.
Despite these red flags, experienced NFT traders are purchasing multiple tokenized Trump cards, stocking up on continued rise. The Trump NFTs have demonstrated the potential of NFTs to generate substantial revenue for both controversial figures and digital content creators.
However, the future of the Trump NFT project is uncertain. Online investigators have raised doubts about the project's ability to carry out the promised prizes and roadmap, including a Miami dinner with Trump, meeting, and Zoom calls, among others. The creators of the project have also scrubbed their online profiles and made it difficult to trace their identities.
Why Are Trump NFTs Popular?
In recent years, NFTs have gained popularity in online marketplaces as an alternative way to sell digital art and other types of digital content. This allows artists, musicians, and other creators to monetize their work in ways that were previously impossible. NFTs are used to sell various types of digital content, from virtual real estate and video game items to nft collections and Trump digital trading cards.
Selling graphic design has never been easy, especially for new and upcoming artists. However, NFTs have changed that by allowing creators to sell their art in a way that provides proof of ownership. This has made it easier for artists to get the value they deserve for their work. Moreover, those who buy NFTs can be sure that they are getting the real deal since the blockchain technology behind NFTs ensures that every transaction is unique.
The Trump NFTs have been a great example of the potential of NFTs. Based on sales data from CryptoSlam, Trump NFT trades have totaled over $2.4 million so far in February, with the average sale price nearly doubling to $905 per trade. Sales of these cyber cards have been strong, with over $313,000 worth of exchanges taking place in the last day. It's clear that NFTs have opened up a whole new world of possibilities for creators and collectors alike.
Controversy Surrounding Trump NFTs
Despite selling out quickly, the Trump NFTs faced criticism and mockery, even from Republicans. Steve Bannon, a former chief strategist for Mr. Trump and right-wing media commentator, said that anyone involved in the project "ought to be fired today". The NFTs' website clarified that the funds raised would not be used for Trump's presidential campaign.
Nevertheless, experienced NFT traders are purchasing multiple tokenized Trump cards. The Trump NFTs have demonstrated the potential of NFTs to generate substantial revenue for both controversial figures and digital content creators.
The Future of Trump NFTs
Experienced NFT traders have demonstrated their flexibility by collecting and reselling a wide range of NFTs, proving that they are not just Trump supporters testing the waters. DonAlt, a well-known pseudonymous crypto YouTuber, tweeted recently that he purchased a collection of Trump NFTs as a bet on their future value, despite describing them as "hideous pictures". He is of the view that conservative and libertarian beliefs, which are widespread in the crypto space, will continue to sustain value, regardless of initial backlash.
DonAlt regards these NFTs as a long-term investment, based on the notion that the hurricane of controversy surrounding Trump will continue and grow even further. It is believed that Donald Trump's comeback to television leading up to the 2024 election will result in a rise in the worth of the Non-Fungible Tokens, since Trump is a great content marketing source of memes and gifs.