Former President, Donald Trump, announced the release of a collection of 45,000 imaginary non-fungible tokens (NFT) on Thursday via Truth Social, the social media platform he launched the previous year.
According to the collection’s website, the Trump Digital Trading Cards depict the president in pictures resembling vintage baseball cards. The Polygon-minted tokens cost $99 and may be bought with ether (ETH) or with fiat money.
Customers are prompted to select how many Trump Trading Cards they want to buy at the conclusion of the checkout process. For buying 45 NFTs at once, the pop-up advertises a guaranteed ticket to a gala dinner with Trump. A consumer would be charged $4455 for this.
A chance to dine with Trump
A “sweepstakes” to win experiences with Trump, such as a zoom call, a dinner in Miami, or a cocktail hour at Mar-a-Lago, will be automatically entered for collectors who buy one of the digital trading cards.
Rarity characteristics of the trading cards will range from one-of-ones to “10, 2, 5, or 5 copies.
No Trump digital trading card will be produced in more than 20 copies, “based on the website.
Even though Trump declared in July 2019 that he was “not a fan” of cryptocurrencies, he seemed excited to showcase his new collection.
“BUY YOUR CARDS RIGHT NOW! Just $99 each! Would be a wonderful Christmas present. Stop waiting. I anticipate they’ll be gone pretty shortly,” in a post on his platform, he wrote.
The website also has an advertisement from Trump in which he claims, “Each card carries a built-in opportunity to win fantastic rewards like dinner with me. I’m not sure if it’s a fantastic award, but it is what it is.”
On Twitter, some users originally criticised the effort and called the collection a “scam.” Others brought up earlier stories about his dubious efforts to raise money for his 2020 campaign as well as claims of improper spending.
The special purpose acquisition company (SPAC) Digital World Acquisition Corp (DWAC), which entered into a planned merger agreement with Trump’s social media company, saw a decline of roughly 7% in share price as a result of the news.
The former First Lady, Melania Trump, debuted her debut NFT collection, “Cobalt Blue Eyes,” almost exactly a year ago. This is President Trump’s first official NFT initiative.
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