Donald Trump NFT made a “big announcement” on his truth-telling platform on Wednesday. The 45th President of the United States announced a day later that he was selling “limited edition cards featuring amazing ART from my life and work”, promising that they would be “cards baseball is like cards, but hopefully more fun”.
The 76-year-old former world champion can be seen on cards and in the boxing ring, preparing for a fight, as a race car driver, an astronaut and in football. His presidential number, 45, was written on each card.
Donald Trump NFT is Available on Openea
In the Opensea market, which is accessed through a special website created for sale, non-fungible tokens (NFT) are sold. The cards are sold out, according to the website on Friday.
There are 45,000 NFTs available for purchase, each costing US$99. However, unlike other NFTs, the image itself can be copied online by anyone. The purchaser retains ownership of the Trump Digital Card. NFT availability is limited as part of the startup, despite that fact.
What is Donald Trump’s Digital Business Card?
One of the first things you’ll notice is that Trump doesn’t use the phrase “NFT” in his announcement. The website doesn’t mention it either; All languages focus on “digital business cards”.
The 45,000 NFTs in Donald Trump’s digital trading card collection feature his image in one way or another. Images share some things, like many NFT collections.
Advertisement Banner
The Purpose of Donald Trump’s NFT Collection.
The Trump NFT collection is surrounded by a few other very important facts. First, despite logical explanations to the contrary, NFT collections are a legitimate source of advertising revenue. Second, when Donald Trump is at the center of this NFT collection, and there is no doubt that he helped create and develop it, licensing the name is an important part of Trump’s business plan. In this case, a company called NFT INT LLC, which is not owned by Trump, has the right to use Trump’s name. Although Donald
Trump may not have directly benefited from the NFT market and the funds may not end up in his campaign account, he has done a good job of bringing his name to the industry.
Who Benefits From Trump’s NFTs, Then?
At $99 each, 45,000 NFTs sell for $4.45 million. But who is stealing the money if not the Trump Organization? NFT INT LLC receives all profits. Additionally, the company earns 10% from every sale of Donald Trump digital business cards. On Open Ocean, one of the most popular NFT exchanges, a market value of 663 ETH was reported at the time of writing. Given that 663 ETH is worth $846,000, NFT INT LLC has already received another $84,600 as the trade is still active and the price appears to be increasing.
Trump’s NFT Increases Stock Crashes
There is no doubt that users around the world are interested in the Donald Trump Digital Trading Card NFT collection. It is not clear whether most of the buyers are NFT traders and speculators. However, it is still interesting that each NFT collection can be sold in less than a day.
Another issue is whether Trump NFTs retain their value over time. One might naively say that this is impossible because few NFTs retain value after their initial boom. However, strange things have happened.
Get instant access to our news by following our Telegram address!
Disclaimer
The price predictions and financial analysis presented on this website are for informational purposes only and do not constitute financial, investment, or trading advice. While we strive to provide accurate and up-to-date information, the volatile nature of cryptocurrency markets means that prices can fluctuate significantly and unpredictably.
You should conduct your own research and consult with a qualified financial advisor before making any investment decisions. The Bit Journal does not guarantee the accuracy, completeness, or reliability of any information provided in the price predictions, and we will not be held liable for any losses incurred as a result of relying on this information.
Investing in cryptocurrencies carries risks, including the risk of significant losses. Always invest responsibly and within your means.
