Donald Trump NFT Cards: Is He Doing Nice Things?
Searching for information about Donald Trump NFT cards? Here we go! A "big announcement" was promised by Donald Trump earlier this week on Truth Social, the site he has been using since he was banned from Twitter a year ago. Onlookers assumed Trump would reveal his vice presidential pick for the 2024 race. Even for Trump fans, announcing an NFT collection with the president's likeness was a letdown.
On Thursday, he announced that his official Donald Trump digital trading card set had finally arrived. Though Trump never referred to them as "NFT," the digital trading cards are just that: We have 45,000 NFTs on the Polygon blockchain, costing $99 apiece.
According to OpenSea data, all 45,000 NFTs sold out in just 12 hours, despite widespread mockery from both Trump supporters and adversaries. This amounts to $4.45 million if each donation is $99. Also, when items from the collection are sold on third-party marketplaces like OpenSea, the makers receive 10% of the final sale price. Traders have spent $406,000 (320 ether) on OpenSea to purchase and exchange NFTs. It's unclear who receives and spends that money.
The firm behind the collection, NFT INT, states on its website that the funds earned will not go toward Trump's 2024 presidential campaign. NFT INT LLC is not owned by Trump or any of his enterprises, and neither Trump nor his organizations are responsible for this collection, according to a disclaimer on the company's website. Trump, instead, granted permission to use his likeness and name in work. However, Trump's earnings from licensing his name and likeness may help fund his 2024 campaign if NFT INT's fundraising efforts don't.
Source: Getty Images
Non-fungible tokens, or NFTs, are digital tokens on a blockchain that can be used to demonstrate ownership of an underlying digital asset. They function similarly to a deed for real estate when it comes to digital purchases. Even though the earliest NFT collections only date back to 2017, the market burst last year as a tremendous wave of speculation drove prices up to unprecedented heights. The Bored Ape Yacht Club, the most well-known assortment, debuted at roughly $250 and peaked early this year at $400,000 apiece.
However, rising interest rates and economic uncertainties have significantly tempered enthusiasm. OpenSea is the largest market for such goods, and its trading volume topped $250 million last month, up from $2.5 billion in May. Trump's NFT debut follows that of his wife Melania, but it couldn't have come at a worse moment for the couple.
Trump compared the artwork to baseball cards but expressed his hope that it would be "far more interesting." If you buy a Trump NFT, you can enter a drawing for several prizes, including a chance to have lunch with Trump at Mar-a-Lago. People who buy more than 45 of the cards will be invited to a gala dinner with the former president in Florida. There are currently 202 users who, according to data from Dune, have more than 45 of the NFTs stored in their electronic wallets.
If you found this article interesting, don't hesitate to visit our website AUBTU.BIZ to get access to a wide range of creative and entertainment news.
On Thursday, he announced that his official Donald Trump digital trading card set had finally arrived. Though Trump never referred to them as "NFT," the digital trading cards are just that: We have 45,000 NFTs on the Polygon blockchain, costing $99 apiece.
#1. Donald Trump NFT Cards
According to OpenSea data, all 45,000 NFTs sold out in just 12 hours, despite widespread mockery from both Trump supporters and adversaries. This amounts to $4.45 million if each donation is $99. Also, when items from the collection are sold on third-party marketplaces like OpenSea, the makers receive 10% of the final sale price. Traders have spent $406,000 (320 ether) on OpenSea to purchase and exchange NFTs. It's unclear who receives and spends that money.
The firm behind the collection, NFT INT, states on its website that the funds earned will not go toward Trump's 2024 presidential campaign. NFT INT LLC is not owned by Trump or any of his enterprises, and neither Trump nor his organizations are responsible for this collection, according to a disclaimer on the company's website. Trump, instead, granted permission to use his likeness and name in work. However, Trump's earnings from licensing his name and likeness may help fund his 2024 campaign if NFT INT's fundraising efforts don't.
Is He Doing Nice Things?
Source: Getty ImagesNon-fungible tokens, or NFTs, are digital tokens on a blockchain that can be used to demonstrate ownership of an underlying digital asset. They function similarly to a deed for real estate when it comes to digital purchases. Even though the earliest NFT collections only date back to 2017, the market burst last year as a tremendous wave of speculation drove prices up to unprecedented heights. The Bored Ape Yacht Club, the most well-known assortment, debuted at roughly $250 and peaked early this year at $400,000 apiece.
However, rising interest rates and economic uncertainties have significantly tempered enthusiasm. OpenSea is the largest market for such goods, and its trading volume topped $250 million last month, up from $2.5 billion in May. Trump's NFT debut follows that of his wife Melania, but it couldn't have come at a worse moment for the couple.
Trump compared the artwork to baseball cards but expressed his hope that it would be "far more interesting." If you buy a Trump NFT, you can enter a drawing for several prizes, including a chance to have lunch with Trump at Mar-a-Lago. People who buy more than 45 of the cards will be invited to a gala dinner with the former president in Florida. There are currently 202 users who, according to data from Dune, have more than 45 of the NFTs stored in their electronic wallets.
If you found this article interesting, don't hesitate to visit our website AUBTU.BIZ to get access to a wide range of creative and entertainment news.
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