(image from collecttrumpcards.com under fair use)
Donald Trump is releasing his own NFT collection. Yes. You read that right. The 45th President of the US is releasing his own NFT collection.
https://collecttrumpcards.com/
Trump made the announcement himself through Truth Social, the social network he established after being banned from Twitter.
https://truthsocial.com/@realDonaldTrump/posts/109518512543023262
The NFT collection will feature Donald Trump trading cards, and it will cost a whopping $99 per card. If you are planning to flip/resell the cards on secondary markets, be aware that there is a 10% royalty fee.
Trump NFTs come at a moment when interest in NFTs has generally waned. The artwork looks kind of kitsch to be honest. It is as if they photoshopped Trump's head in different costumes.
The NFTs provide buyers exclusive access to a Trump managed MAGA community, autographs, 1 on 1 Zoom calls, dinner with Trump, golfing with Trump, and other perks.
This sounds like a Bored Ape Yacht Club but for Trump fans. What's next, TrumpDAO?
Nevertheless, for hardcore MAGA supporters this could be digital paradise. The fan base of the former president could flock to mint the collection in hopes of being courted by Trump in person.
It should be noted that during different points of his presidency Trump had been vocally anti-crypto. He has stated that he is neither a fan of Bitcoin or cryptocurrencies. That their value comes out of thin air. That crypto assets facilitate unlawful behaviour including drug trade and other illegal activities.
With this move he is contradicting his previous attitude towards the industry.
Is this a cash grab from Donald now that he is facing multiple lawsuits and mounting financial problems?
Is he using his MAGA fan base as exit liquidity?
Is this a bottom signal for crypto?
Do we live in a simulation?
Too many questions, I know.
This post does not aim to be political. Neither it is an endorsement for Donald Trump and/or his NFT collection.
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Originally posted on my Leofinance blog. Updated version only on Publish0x.
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