The NFT community wasn’t prepared for this “major announcement” as Donald Trump today announced the launch of his Non-fungible token (NFT) trading cards that come with real-life utility for buyers, including an opportunity to have a gala dinner or play golf alongside the former U.S President.
Trump made this announcement on his official Truth Social account, a platform he also owns. Trump’s digital trading card features images of the former president as an astronaut, superhero, cowboy, racer and even a footballer. Minted on Polygon, these cards cost $99 each, and collectors can purchase them with either ETH or fiat currency on the Collect Trump Cards website. According to the website, buyers automatically enter into a sweepstake after purchase, with an opportunity to win incredible prizes and receive exciting experiences with Trump, including a zoom call, a dinner in Miami or a cocktail hour at Mar-a-Lago.
This NFT collection, which happens to be Trump’s first official collection, came as a surprise to many, considering that he had once tweeted that he wasn’t a “fan” of Bitcoin and other cryptocurrencies. However, Trump appeared excited as he released a commercial on his platform to promote the collection. “Each card comes with an automatic chance to win amazing prizes like dinner with me. I don’t know if it’s an amazing prize but it’s what we have.” he declared in the video.
The project has received mixed reactions from the NFT community on Twitter, with some questioning whether or not it is a “cash grab” considering that the collection features 45,000 NFTs, which can be regarded as a lot according to what is obtainable in the space. Others see it as Trump trying to raise money for his campaign, as that will be the logical explanation for the actions of someone who once criticized cryptocurrencies. However, many, including Binance’s CEO Changpeng Zhao, are choosing to see the silver lining as this could be a big win for mainstream crypto adoption.
In less than 24 hours the NFTs have sold out and increased greatly in value, becoming one of the most successful NFT projects dropped lately. This is despite sketpicism from the community over the projects true intentions, where the art came from or the large percent minted by the founders.
If you enjoyed this article, you may also enjoy…
Check out the home page of Exploring Digital Assets for additional insights, reports and news!
For media, content or writing inquiries please contact Patrick Hagerty at PatrickJHags@gmail.com