Trump announces new NFT rules
Former US President Donald Trump has released a” limited set “of NFT cards with 45 unique digital images of him, which show cartoon-like images of him and others depicting him as a” superhero", a Hollywood actor, and more.
Donald Trump revealed the” big announcement " of the NFT tokens that he promised in advance, a collection of his rare photos for 99 dollars each, via his platform Truth Social, his social media platform, which he founded last year.
It was billed as a” major announcement " – something that anyone following an avowed presidential candidate like Donald Trump would understandably interpret as a major intensification of a campaign that has been frustrating and disappointing. But just a day after declaring that “America needs a superhero” on his account on the Truth Social website, it turned out that the former President's “main announcement” was not related to his political aspirations, and even more so a belated foray by the 76-year-old technophobe, the wild and strange world of NFTs.
Trump launches the first NFT codes in the crypto world
In a video message, Trump said: "Hello everyone, this is Donald Trump, I wish your beloved and better president to be from Lincoln, and from George Washington. I'm going to launch my first official collection of NFT codes”.
Trading cards feature, for 99 dollars each, available on the website collecttrumpcards.com, cartoon images of a strong man wearing hunting clothes, or wearing a “Dow” hat with an arrow pointer in the background, or a picture of Trump playing golf, or wearing sunglasses while standing in front of the “Trump world” sign, and other images that will cover only 45 pieces.
Those who buy all 45 photos will have the opportunity to dine at the resort and historical landmark of Florida “Palm Beach”, which is also owned by Donald Trump.
In addition to the cards, “Trump” announced a competition for a series of prizes, including a dinner in Miami with Trump, playing golf with Trump, a one-on-one meeting with Trump, and souvenirs signed by the former President.
While Donald Trump is not the first person from the Trump family to explore NFTs, his wife Melania launched her own non-replaceable code plan entitled “Melania's vision” more than a year ago.
The digital currency ecosystem
It is noteworthy that this “major announcement” of former US President Donald Trump for NFTS tokens comes at a time when the cryptocurrency ecosystem is suffering from the occurrence of many large-scale frauds, the value of some of which was very large.
The timing of Trump's entry into the market of his NFTs tokens, coupled with the excessive accumulation of the release of such a vast number of these tokens, prompted the former President's most persistent supporters to question the wisdom of his decision to focus on digital acquisitions instead of his political future.
Indeed, despite the aesthetic blurring of the cards between Trump's political and personal projects, the subtleties of the site make it clear that “these digital trading cards are not political It has nothing to do with any political claim or campaign".
Non-fungible tokens (NFT)market
"Trump" enters the market of non-fungible tokens (NFT) at a difficult time, with falling prices and a collapse in trading volume.
The trading volume of non-fungible tokens (NFTS) decreased by 97% between January and September of this year amid doubts about the stability of the asset market and digital currencies.
The collapse of the “Sam Bankman fried” cryptocurrency exchange FTX, in November, which was also offering NFT tokens, led to a further decline in the market for these tokens.
A marketplace for goods on the Trump Organization website
"Trump" took advantage of the enthusiastic nature of his fan base and their tendency to openly declare their loyalty to the former president through flags, hats, clothes, banners, car stickers, etc. by offering a merchandise marketplace on his Trump Organization website.
Shoppers can purchase food in packages marked “Trump", cheese plates stamped with his name, souvenirs representing his estate, and a wide selection of camouflage Trump clothes.
Red hats decorated with his slogan “MAGA” (an abbreviation of the phrase Make America Great Again, Make America Great Again) became popular among his followers, and made him earn 80 thousand dollars a day during his presidential campaign in 2016, as his son-in-law and former White House adviser Jared Kushner wrote in his memoir “Breaking History”.
The “important announcement” comes after a particularly harsh month for Trump, who announced his third presidential candidacy on November 15.
Trump's "standing" among Republican voters
- At least three recent polls this week have shown that Trump's standing among Republican voters has disappeared significantly, including an opinion poll conducted by USAToday/Suffolk University, which found that Republican-leaning voters prefer Florida governor Ron DeSantis to the presidency in 2024 over Trump.
- While 56% of conservative voters chose “DeSantis”, 33% supported former President Donald Trump, who officially launched his campaign last month.
- Several prominent Republicans, including Senate Minority Leader Mitch McConnell, blamed Trump for the party's "worse-than-expected" performance in the midterm elections.
- He was also widely criticized by GOP leaders for hosting white supremacist Nick Fuentes for dinner at Mar-a-Lago and declaring that parts of the Constitution that prevented him from winning He was trying to cancel the 2020 presidential election," he said.
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