Former President Donald Trump has launched a collection of 45,000 non-fungible tokens (NFTs), he announced Thursday via Truth Social, the social networking site he founded last year.
According to the collection’s website, Trump’s virtual business cards feature photographs of the president in the form of collectible baseball cards. The tokens, minted in Polygon, cost $99 and can be purchased with ether (ETH) or fiat currency.
At the end of the checkout process, consumers are asked how many Trump business cards they want to purchase. The pop-up promotes a guaranteed price ticket to a gala dinner with Trump for the acquisition of forty-five NFTs at once, as shown in the screenshot below. I would charge a visitor $4 forty-five5.
(RecogeTrumpCards. com)
Collectors who purchase one of the virtual collectible cards will sign up for a “sweepstakes” to get reports with Trump, adding a zoom call, dinner in Miami or cocktail at Mar-a-Lago. Collectible cards will have rare features ranging from exclusive to “2, 5, 7 or 10 copies. No virtual Trump card will have more than 20 existing copies,” according to the site.
Although Trump said he is “not a fan” of cryptocurrencies in July 2019, he was excited about the idea of selling his new collection. “GET YOUR CARDS NOW!$99 each! They would make a wonderful Christmas present. Don’t wait. They will disappear, I think, very quickly!” he wrote in a post on his platform.
The site also features a promotional video for Trump, in which he states, “Every card comes with an automatic chance to win amazing prizes like a dinner with me. I don’t know if it’s worth it yet, that’s what we have. “
The allocation was first criticized on Twitter, with some calling the fundraiser a “scam. “Others pointed to earlier reports about his questionable fundraising efforts for the 2020 crusade and accusations of hard-to-understand spending.
Shares of Digital World Acquisition Corp (DWAC), a special purpose acquisition company (SPAC) that struck a proposed merger deal with Trump’s social media company, fell about 7% after the announcement.
Despite being President Trump’s first official NFT project, former first Melania Trump introduced her first NFT collection “Cobalt Blue Eyes” almost exactly a year ago.
Collect Trump Cards, the project site, did not respond to CoinDesk for comment at press time.
UPDATE (December 15 at 19:15 UTC): Added more details on rarity levels, grocery shopping experience, and video.
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Cam Thompson
Cam Thompson is a reporter at CoinDesk.
Follow @camlearnscrypto on Twitter
Cam Thompson
Cam Thompson is a reporter at CoinDesk.
Follow @camlearnscrypto on Twitter
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Please note that our privacy policy, terms of use, cookies and do not sell my non-public information have been updated. CoinDesk, a leader in news and information about cryptocurrencies, virtual assets and long-term money, is a media outlet of the highest journalistic criteria and adheres to a strict set of editorial policies. CoinDesk is an independent operating subsidiary of Digital Currency Group, which invests in cryptocurrencies and blockchain startups. As part of their compensation, certain CoinDesk employees, adding editorial staff, would possibly be exposed to DCG’s inventory in the form of inventory appreciation rights, which accumulate over a multi-year era. CoinDesk hounds cannot purchase inventories on DCG directly.
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Donald Trump announced his new NFT with an announcement. Here it is: pic. twitter. com/yBLpn1Zb0f
You may think Trump’s NFTs are a scam. But if you buy forty-five images of an NFT like Shotgun Trump or Wall Street Trump, which are around $4500, you get a price ticket for a “gala dinner with Trump” pic. twitter . com/cDqlekG87Y