What's behind Donald Trump's issuing NFTs ?

[zasad@]

https://www.forbes.com/profile/donald-trump/?list=rtb/&sh=23143b2647bd
Forbes Lists
#343 Forbes 400 (2022)
#1012 Billionaires (2022)

$3.2B
I don't think the reason is money. The idea was good, but as always, it was not without scandals.

[uneng]

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.

Trump is a famous and wealthy businessman. These people don't have much scruples when the goal is to make money. They change their opinions overnight, if it's going to favour themselves somehow. I also remember when he said he was totally in favour of dollar currency and against bitcoin, because bitcoin could harm dollar on long term, and some time later he said that, his wife started a NFT art pieces campaign accepting payments in SOLANA, and now Trump himself has his own NFT cards campaign as well.

To not contradict his previous statement, he should have launched a physical cards' campaign asking for payments exclusively in dollar, since he is totally in favour of his native currency.

[zasad@]

https://decrypt.co/117970/donald-trump-nfts-sort-of-cute-art-not-investment
Donald Trump Says He Launched NFTs for the 'Sort of Cute' Art
The ex-president says he didn't do it for the money—but still thought his NFTs "might sell."
"I loved the art,” Trump said in the interview. “I’m looking at this stuff and I’m saying, ‘that’s sort of cute, that might sell.’ It set like a record. It’s been incredible.”

[tvplus006]

//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 ..

It seems that interest in this collection has decreased, which is confirmed by the fact that the floor price is now 0.164 ETH. Nevertheless, such a decrease in the price had a positive effect on purchases, since the number of purchases for the last day is approximately equal to the number of purchases for the first day.

[o48o]

-cut-
To not contradict his previous statement, he should have launched a physical cards' campaign asking for payments exclusively in dollar, since he is totally in favour of his native currency.

But then he couldn't wash money as efficiently. Remember top top of that he gets 5% maker fees.
If i had to wash money i would definitely choose my own NFT trading card collection as a platform for doing that. It would be really hard to prove that people didn't like and buy them and then i only would need to keep pouring my own dirty eth to the machine.

I am guessing that some people are tracking every movement on that chain closely in order to catch him.

-cut-
"I loved the art,” Trump said in the interview. “I’m looking at this stuff and I’m saying, ‘that’s sort of cute, that might sell.’ It set like a record. It’s been incredible.”

Well of course it needs to be a made up "like a record" for trump. What a sad old salesman.

[tvplus006]

It remains a mystery to me who are these people who are putting up Trump's NFT at the price of 100,000,000,000,000 ETH? Such a number is even theoretically difficult to imagine. Do they even know that Total Supply is currently 122,373,866 ETH?

[zasad@]

It remains a mystery to me who are these people who are putting up Trump's NFT at the price of 100,000,000,000,000 ETH? Such a number is even theoretically difficult to imagine. Do they even know that Total Supply is currently 122,373,866 ETH?

Regular trolling. Trump is an elderly man who understands nothing about cryptocurrencies and NFTs. But he or his assistants hired the wrong people, and now these events are playing against him. I reject the earnings version, Trump is a billionaire.

[Silberman]

It remains a mystery to me who are these people who are putting up Trump's NFT at the price of 100,000,000,000,000 ETH? Such a number is even theoretically difficult to imagine. Do they even know that Total Supply is currently 122,373,866 ETH?

Regular trolling. Trump is an elderly man who understands nothing about cryptocurrencies and NFTs. But he or his assistants hired the wrong people, and now these events are playing against him. I reject the earnings version, Trump is a billionaire.

If making money is out of the table for you there are still a few possible explanations for his behavior, one is simply that since he knew the previous statements he has given before this was a way to create controversy about himself and get free publicity, another reason may be that his assessors have told him that his posture about this market could play a factor during the next election, and with this move he is trying to show he is more open than in the past without actually saying it.

[DaftDog]

To answer the OP's question, “What's behind Donald Trump's issuing NFTs?”
Making money from his cult members.

[BRINIRHA]

I also read the news regarding Donald Trump's NFT. What I think is because even this NFT was made maybe with the permission of Donald Trump himself. and there is no doubt that this will be related to politics. But what I'm thinking is is it possible that Donald Trump will now be more open and interested in the Cryptocurrency Industry. if true, then this would be a pretty positive thing in the cryptocurrency world.

[tvplus006]

...I just think that this news isn't real or probably framed. ..

I'm thinking about what needs to happen for you to believe this news? This thread is full of links, including a link to a tweet that Trump left on his own TRUTH SOCIAL platform. So now there is no question whether this is true or not, you just need to accept the fact that Trump also decided to advertise himself in this way.

[zasad@]

I saw this news and I couldn't help but wonder how and why now. I just think that this news isn't real or probably framed. But if the news is real, I will assume its a good one for the crypto community. Is anyone thinking alike?

This news is real. This thread has links to original sources and to interviews with Trump.

It remains a mystery to me who are these people who are putting up Trump's NFT at the price of 100,000,000,000,000 ETH? Such a number is even theoretically difficult to imagine. Do they even know that Total Supply is currently 122,373,866 ETH?

Regular trolling. Trump is an elderly man who understands nothing about cryptocurrencies and NFTs. But he or his assistants hired the wrong people, and now these events are playing against him. I reject the earnings version, Trump is a billionaire.

If making money is out of the table for you there are still a few possible explanations for his behavior, one is simply that since he knew the previous statements he has given before this was a way to create controversy about himself and get free publicity, another reason may be that his assessors have told him that his posture about this market could play a factor during the next election, and with this move he is trying to show he is more open than in the past without actually saying it.

If Trump were to support cryptocurrencies, then he would probably have a higher rating among the users of cryptocurrencies, and the collection of NFTs would not attract many voters to his side.

[eaLiTy]

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.

I have seen some celebrity NFT cards last year including major sports personality and some of them sold at really high valuations but they never had the perks mentioned as far as i remember like spending time with the celebrity or having dinner. Trump is a businessman and he knows how to give importance to the investors but i wonder how he will be finding time for all these .

[DeathAngel]

The only person who will be making guaranteed money & getting publicity out of this is Trump. Why would anybody want to buy a Trump NFT.

I can think of millions of better things to spend money on than a Trump NFT.

Do yourselves a favour & run in the opposite direction

[zasad@]

The only person who will be making guaranteed money & getting publicity out of this is Trump. Why would anybody want to buy a Trump NFT.

I can think of millions of better things to spend money on than a Trump NFT.

Do yourselves a favour & run in the opposite direction

If you want to meet Trump, it's a very small amount. What if Trump becomes president in the next election?
It is likely that the price of these NFT tokens will rise.But you are right that you should not speculate with these NFT tokens.

[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 ?

I noticed that some users on OpenSea purchased hundreds and even thousands of these NFTs

Now the frenzy has clearly subsided and the floor price is tending towards the starting price of $99. Although there is a suspicion that the price may fall even below that mark, as is often the case with NFT collections.

[FanEagle]

Influencers have a new method basically with this situation. I mean if Donald Trump does it and makes money, what stops Drake doing it? What stops Lebron James? Messi? I can name a million others but basically you got the whole idea. Famous people all around the world could hire some artist for a few thousand dollars and get their NFT's made and sell them for millions of dollars and why wouldn't they?

People are buying it for some reason. They could even distribute it to charity and act as if that is a good thing but in reality they would be both doing charity and PR at the same time but also drop that from their tax as well, which means profit.

[Scripture]

The only person who will be making guaranteed money & getting publicity out of this is Trump. Why would anybody want to buy a Trump NFT.

I can think of millions of better things to spend money on than a Trump NFT.

Do yourselves a favour & run in the opposite direction

There might still be someone who are taking risk buying this kind of NFT and follow the hype, personally I don’t see any value here and with Trump, I guess its just a hype and too risky to deal with. NFTs are not in good position right now because many wants to buy a more worth it coin than to a useless project like this, I’m wondering as well why Trump created his own NFT.

[tvplus006]

There might still be someone who are taking risk buying this kind of NFT and follow the hype, personally I don’t see any value here and with Trump, I guess its just a hype and too risky to deal with...

It is obvious that many consider Trump to be narcissistic and, accordingly, count on the fact that he will be able to fix the situation with his billions by buying his own NFT, preventing them from depreciating. Otherwise, it will be a strong blow to his ego.

[sajeeb21]

Wheres the source Over powered? I didnt find any tweet too of him having these sort of advantages. However, I believe on the off chance that these are the honors, its great likewise for those fanbase of trumps. There are numerous who preferences Trump and having these sort of advantages will unquestionably hit a portion of the nft gatherer and tear of those advantages.