What's behind Donald Trump's issuing NFTs ?

[zasad@]

I remembered that in 2019 Trump had a tweet about Cryptocurrency, at this time he did not believe in crypto. I can't even see it on his Twitter now but I have a picture.

In 2019, many representatives of the world's major banks said very loudly that cryptocurrency is a scam, and according to my latest data, 7 out of 10 major global banks provide cryptocurrency services to their clients now. In the cryptocurrency world, everything is changing very quickly, so it makes no sense to remember what was said a few years ago.

[1715620349]

1715620349

[so98nn]

This is definitely fake one because trump has his account blocked right? I’m mean there is no way he could have tweeted it anyways. With that said, there is also no official news about the NFT and trump. I’m also highly positive that trump does not have that much potential to go beyond the lines and launch an NFT marketplace. That would be really funny to see by the way. I can imagine there could be NFT with face of trump all over it. Funny but could be true.

About those Christmas cards I don’t know may be they are trying to raise funds for their little campaigns.

[Xal0lex]

Former U.S President Donald Trump has recently issued his own NFTs called Trump Digital Trading Cards. The purchasing perks are abundant such as a dinner with Trump, access to his community, golfing with Trump, Zoom calls etc. It looks as normal as other celebrity's NFT issuance but also seems more than that. Personally I think it is also political and deeply related to his political campaign. The majority of potential buyers must be his political supporters and fans. This NFT thing may be another digital means to connect him with his vast fanbase. What is your opinion on this and why ?

Donald Trump, when he was president, tweeted that cryptocurrencies were dangerous and their pricing was taken out of thin air. Two years have passed and now the former cryptocurrency critic is issuing cryptocurrencies himself. What is this, hypocrisy, double standards or an epiphany? I'm sure if he becomes president again, he will again write the same mantras about bitcoin being a scam and cryptocurrencies being a bubble.

[serjent05]

Former U.S President Donald Trump has recently issued his own NFTs called Trump Digital Trading Cards. The purchasing perks are abundant such as a dinner with Trump, access to his community, golfing with Trump, Zoom calls etc. It looks as normal as other celebrity's NFT issuance but also seems more than that. Personally I think it is also political and deeply related to his political campaign. The majority of potential buyers must be his political supporters and fans. This NFT thing may be another digital means to connect him with his vast fanbase. What is your opinion on this and why ?

There could be many reasons for it. Funding of his political campaigns can be one major reasons for such NFTs. Because a lot of rich people in US follows right wing political leader like him. So probably some of his associates have found this as a way to make money out of his fame. But anyway, it's a stupid step! His party may be able to sum up few millions through this NFT staff but that won't help him in connecting back with the people of US.

I also think that this release is for his political campaign.  To market himself and somehow get a fundings for his plans.  Though I am skeptical that this project is hosted by Donald Trump. We know there are lots of frauds happening in the cryptocurrency NFT sector where some people take advantage of the current and possible incoming event to take profit.  Until this project is mentioned on Trump's account, I would not believe this one even a bit.

[tvplus006]

I don't know if this the news is legit since I don't see any tweet from Donald Trump himself...

Wheres the source OP? ..

"The so-called Donald Trump Digital Trading Card collection was unveiled on Trump's Truth Social account" - https://truthsocial.com/@realDonaldTrump/posts/109518512543023262. If you do not have access to Truthsocial.com, you can use news sites, for example, such as https://www.theblock.co/post/195431/only-99-former-us-president-donald-trump-unveils-nft-trading-card-collection
 

[mindrust]

I find NFT’s a stupid idea but it doesn’t change the fact that anybody can create them… Donald can too. So what? What does it matter to you why he did it? The reason could be anything… Does it bother you? Well you can get bothered and you can’t do anything about it other than getting bothered by it.

Biden is free to create his own shit tokens too. Nobody can stop him if he wants to the same thing as Donald.

Do you think Donald’s fans will get scammed? That’s the whole idea about NFT’s. It is not Donald’s fault if people want to get scammed.

[Strongkored]

I don't know if this the news is legit since I don't see any tweet from Donald Trump himself

I also question the legitimacy of this news, because it could be fake news and if it is true this is just a way for him to get closer to his fans from among young people.
But I will never be interested in this I don't want to spend money just for something which is not clear it would be better to invest in something else and the NFT is one I have never considered owning one.

[tvplus006]

...And NFTs can be minted on the Polygon network for 99$, using payment in ETH or Fiat currency...

I understand that there is no longer an opportunity to buy Trump's NFT for $99, since the entire collection is sold out. So those who wanted to buy this NFT, but did not have time, can do it on OpenSea, the floor price is currently 0.408 ETH - https://opensea.io/collection/trump-digital-trading-cards?search[sortAscending]=true&search[sortBy]=UNIT_PRICE

[MinoRaiola]

It is primarily a source of income and advertising was also planned. In the USA, opinions are certainly different than in Germany, where it is not so popular. The fact that with the NFT you have a chance to have dinner with him or a zoom call is okay, but for $4,500 a lunch it's not cheap. Basically, I see it as a 90% source of income. And the fact that he thinks Bitcoin is bad, makes him to the unpopular person of the day.

[o48o]

-cut-
Do you think Donald’s fans will get scammed? That’s the whole idea about NFT’s. It is not Donald’s fault if people want to get scammed.

What are you talking about? So it's not a scammers fault when he scams people? It's victim's own fault because they are stupid? Let me remind you of this next time you get hacked. Just because you can use social engineering to scam people it doesn't mean it would be right thing to do.

However most of these people probably are not buying it because they think they are worth anything, unless people start to wash money with them, which they most likely do now that i think of it.

Any other ex president that would have done this would just give the money to charity, Trump just keeps it and has creator fee of 10%.

At some point he most likely will be bragging how big this is going to be, which makes me think at some point this will get investigated as a illegal sale of securities.

[zasad@]

LOL
https://twitter.com/NFTherder/status/1604099659382784000
"1/ Turns out Donald Trump minted a thousand of his own nfts to his vault wallet

Keeping a giant portion of the most rare nfts in his collection for himself

The 2nd minted nft was a rare 1-of-1, the chances ..."

https://twitter.com/NFTherder/status/1604099663980036096
"2/ The vault wallet, a gnosis safe, was created on 2022-12-14. A day before the DT nft launch

On launch day a DT funding wallet sent matic to a DT admin wallet. Which then minted 1k nfts to the gnosis safe: 0xfb65415Ca83B69DA9bC56B4C9C2334fa402baCd7"

https://twitter.com/NFTherder/status/1604099668274778112
"3/ That Donald Trump wallet minted 47 of the 179 1/1 and 21 of the 70 autographed nfts. He owns 26% of 1/1s and 28% of autographed
 
0.40% have a 1/1 trait and only 0.16% have an autograph trait. These are the most rare and valuable nfts in the collection .."

https://opensea.io/0xfb65415Ca83B69DA9bC56B4C9C2334fa402baCd7

[Silberman]

I don't know if this the news is legit since I don't see any tweet from Donald Trump himself

I also question the legitimacy of this news, because it could be fake news and if it is true this is just a way for him to get closer to his fans from among young people.
But I will never be interested in this I don't want to spend money just for something which is not clear it would be better to invest in something else and the NFT is one I have never considered owning one.

I think things got to a point in which it is simply better to not give any attention to the NFT market anymore, things were pretty crazy when somehow people got caught buying useless images for hundreds of thousands of dollars, so while this is news because Trump which is a former president of the US is doing it, this is no different than all the people that create hundreds of NFTs believing themselves to be artists overnight, and as such we must ignore it if we can.

[tvplus006]

"1/ Turns out Donald Trump minted a thousand of his own nfts to his vault wallet
...

I had such an idea that with Donald Trump existing wealth, he could buy out part of the NFT, creating a stir around this collection. Obviously, Trump could not afford that this collection would remain unclaimed and this would show the attitude of the crypto community to his person.

[Balmain]

this guy's timings are really getting super wrong. Creating this collection at a time like this is a bit ridiculous to me, I don't think it will attract much attention. He didn't say very positive things about Bitcoin and the crypto market, if his thoughts changed, maybe he would get more attention if he explained the reasons why his thoughts changed. Donald Trump does whatever comes to mind, he's not a very consistent person. His fans are loved by so many, he's usually the type to act as he pleases.

[Silberman]

this guy's timings are really getting super wrong. Creating this collection at a time like this is a bit ridiculous to me, I don't think it will attract much attention. He didn't say very positive things about Bitcoin and the crypto market, if his thoughts changed, maybe he would get more attention if he explained the reasons why his thoughts changed. Donald Trump does whatever comes to mind, he's not a very consistent person. His fans are loved by so many, he's usually the type to act as he pleases.

He may not seem consistent because you are evaluating his actions based on an ideology that he may follow, however Trump at his core cares about only one thing and that is the amount of money in his bank account, and when you evaluate his actions using this metric you will see that his actions make sense, if he can sell a bunch of useless NFTs and make money for himself or for his upcoming campaign then he does not care if he has to depend on cryptocurrencies, even if he has criticized them a lot on the years prior to this.

[o48o]

LOL
https://twitter.com/NFTherder/status/1604099659382784000
"1/ Turns out Donald Trump minted a thousand of his own nfts to his vault wallet
-cut-

Either this team is very stupid and they just tried wash trading operation without understanding that everything a traceable.
Of they most likely just made an illegal sale of securities and get fined for it in the future. Then again it could be both. Or something more worse, after all this is Team Trump we are talking about.

[Quidat]

I don't know if this the news is legit since I don't see any tweet from Donald Trump himself but if it happened to be true it will be a cringworthy NFT, I'm sure that many will agree with me. I don't see myself purchasing this kind of NFT since I'm not a fan of trump and I also don't like the possible utility he said about his card infomercial. I would personally choose a quality NFT over this if I was given a chance.

Though this can convert some boomer fans into being open minded with crypto but yeah I hope that this isn't real.

Yeah, i dont know if this one is real or not but pretty sure only Trump fans and supporters are the only ones who would really be buying these NFT's and the rest would just simply mehhhhh.
NFT hype is almost over but cant be still sure since we are on a bear market and we dont know if there would be some comebacks or something like that.
I dont know on why they had touched up with this NFT thingy or maybe just they do really just wanted to do so.

[LogitechMouse]

It means he could sell NFT's with absolutely no worth at all, no utility, no usecase, just to make sure that his followers would gobble it up and he could make some money out of it. And he is doing exactly that right now as well, he is just trying to make a buck. Some people are like that, they care about money more than they care about ethics or morality of it, and I understand, it's just in some peoples nature.

Trump's NFT has a use case like he said.
Each NFT that you will buy will give you a chance to have a special dinner with him, play in his golf course with him and have some souvenirs with a signature from him. That's it's use case.
It's kinda funny TBH knowing that he already said a few years ago that he is against cryptocurrency. I guess there is a group of people behind this project and they just asked permission to Trump to help them and in return, Trump will get a portion of the total revenue. Well, the 44,000 NFT that has been minted has been sold after a day only and if you will compute it, the company earned at least around $4.2M from it.

Most of those who bought these NFT's are probably his blind supporters who believed on the things that they can get once they bought one. Well, good luck to those who bought one.

[sana54210]

I remembered that in 2019 Trump had a tweet about Cryptocurrency, at this time he did not believe in crypto. I can't even see it on his Twitter now but I have a picture.

In 2019, many representatives of the world's major banks said very loudly that cryptocurrency is a scam, and according to my latest data, 7 out of 10 major global banks provide cryptocurrency services to their clients now. In the cryptocurrency world, everything is changing very quickly, so it makes no sense to remember what was said a few years ago.

I think changing of ideas is alright as long as you really mean the ideas, but changing or at least appearing to change your idea on behalf of making a profit is the issue. If he came out and tweeted he is interested in crypto now, and think there could be a future there, nobody would have been bothered about it at all.

But the last time he spoke about crypto was when he was against it, and now the latest one is him selling his NFT to make millions, and nothing in between. Do not be shocked about the fact that most people will think this is just about money and nothing else, which is normal for someone like him, he is a cunning and a terrible businessman after all.

[Silberman]

I think changing of ideas is alright as long as you really mean the ideas, but changing or at least appearing to change your idea on behalf of making a profit is the issue. If he came out and tweeted he is interested in crypto now, and think there could be a future there, nobody would have been bothered about it at all.

But the last time he spoke about crypto was when he was against it, and now the latest one is him selling his NFT to make millions, and nothing in between. Do not be shocked about the fact that most people will think this is just about money and nothing else, which is normal for someone like him, he is a cunning and a terrible businessman after all.

This is the way I think as well, Trump is an opportunist, so the fact that is selling his own NFTs means absolutely nothing when it comes to his beliefs about this market, he just wants to make money, an attitude that is no different than what the newbies that come to the forum think about becoming millionaires, the difference is that Trump due to his fortune and fame does not have to play the same way as them and he can create his own NFTs which some people will want to buy just because he is the one selling them.