Thanks for Trump's NFT, which brings so much joy to the bear market

Dec 20,2022
Thanks for Trump's NFT, which brings so much joy to the bear market

Although Trump said in July 2019 that the currency value of cryptocurrency "is not a fan of cryptocurrency" was completely denied on Thursday, in a video released by TruthSocial, Trump announced that the NFT named TrumpDigitalTradeingCards had 45000 series, including Trump Cosplay's various heroes, including Superman and various cowboy and shotgun "heroes".

It is sold out in a few hours, and there are giant whales

Although Trump said in July 2019 that the currency value of cryptocurrency "is not a fan of cryptocurrency" was completely denied on Thursday, in a video released by TruthSocial, Trump announced that the NFT named TrumpDigitalTradeingCards had 45000 series, including Trump Cosplay's various heroes, including Superman and various cowboy and shotgun "heroes". The price of these NFT is 99 dollars, and they can be purchased in ETH or French currency. Today's floor price once reached 0.84ETH, ranking first in the 24-hour trading of OpenSea.

As of Friday morning, the project website will hold TrumpNFT on Friday morning, which is listed as "sold out". More than 648 trading volume ETHs, about 785000 US dollars. According to the website, the purchase of NFT can participate in the lottery. Trump's loyal fans can buy 45 Trump NFT (at least $4455) at a time, and will get tickets to have dinner with the former president, or play golf with the former president, or have a video opportunity in Zoom. It is worth noting that Trump has made similar jokes before, but never fulfilled them.

According to OpenSea data, there are also "megawhales" among those who hold TrumpNFT. Now, there are more than 100 collections in 34 wallets. Before the public sale, there were 1000 NFTs airdropping a wallet. The second largest holder currently has 673 TrumpNFTs.

This casting may make Trump earn nearly 4.5 million dollars. The creator fee set by OpenSea also includes a 10% secondary sales royalty, which means that the project has accumulated nearly 80000 dollars from the transaction. The resale price of some commodities has exceeded 7000 dollars. A NFT collector named Nanitor bought a picture of Trump wearing a Christmas cap for 6 ETH ($7200).

Deny using NFT to raise funds for election

Last month, the 76 year old former president announced that he would participate in the election again in 2024. However, since he announced that he would participate in the election, he has never held an election rally. He fell behind in the Republican polls in electing Ron DeSantis. Many people speculated that his introduction of TrumpNFT might be the purpose of the "Digital Contest".

However, the NFT website noted that "these digital transaction cards have nothing to do with politics or any political activities". These transaction cards are authorized and owned by NFTINT LLC (not Trump or Trump Group) and use their names, images and portraits under a paid license. The creators of NFT will earn about 4.5 million dollars. It is unclear how much Trump's sales share is.

In Trump PS technology, his NFT seems to be "infringing". Yes, someone found that they used a photo of a clothing brand. After searching, these pictures were taken from the Internet, just passing by. "Change the head Dafa" photo. It is not clear whether these photos are manually edited or used. AI image generation technology, but the photo of Trump wearing a hunter's costume is very similar to the shoes made by a hunting clothing company. You can buy many of the same clothes on Amazon.

The most funny thing is that some netizens on Twitter said that this series has 45000 Trump NFT castings (20 for each image), and only 100 images are Trump NFT (Trump sells 44900 non Trump images).

It is not clear who is behind the scenes. There are two names called NFTINT. The company is registered in California and Delaware. The CEO of NFTINT, a company registered in California, has denied that the company is associated with the project.

Steve Bannon, one of Trump's most loyal allies and his former adviser, launched a $99 violent attack on the "Trump superhero version" NFT in a radio interview. He accused a "business partner" of indoctrinating Trump with this bad idea. He believed that "that person should be fired today".

Trump's social media shell company DWAC - Special Purpose Acquisition Company (SPAC), whose share price fell about 7% after TrumpNFT was launched. Trump NFT This is Trump's first official NFT, but former First Lady Melania, at the same time a year ago, Trump launched her first NFT series "CobaltBlueEyes".

ending

At present, TrumpNFT's popularity has not decreased. Its appearance has given the bear market a lot of joy and vitality. It is unclear whether the subsequent price will be "zero" or "skyrocketing". Trump is launching the NFT promotional video, saying that "America needs a superhero". The NFT even needs a market "superhero" in the currency circle. He hopes TrumpNFT can make NFT/CryptoGreatAgain in this period of market downturn.