Almost a week after launching his first-ever NFT collection, Donald Trump has explained why he decided to dive into digital collectibles. In a recent interview, the former US President said the images of him used on his NFT maps looked “kinda cute”. All 45,000 fantasy trading cards released as NFTs by Trump feature dramatic avatars of the controversial businessman, showing him as a superman, an astronaut, a golfer, and a boxer, among other roles.
Trump cardclaimed in a recent review that pouring investments and scrapping profits weren’t on his list of reasons for starting these NFTs. acc forbesTrump’s net worth is estimated at around US$3.2 billion (roughly Rs.3.2 billion) – perhaps that explains why he has released an NFT series despite the ongoing slump in the industry.
“I loved art. I look at this stuff and I’m like, ‘This is kinda cute, this might sell.’ It was like a record, it was incredible,” Trump said said in a recent interview with One America News.
A corresponding video has also appeared on Twitter.
All of Trump’s NFTs are based on the Polygon blockchain. Each NFT costs $99 (roughly Rs. 8,200), which can be paid for in both ether tokens and fiat currencies.
“Everyone Trump digital trading card has a unique identifier that cannot be copied, is recorded on a blockchain, and can be used to certify authenticity as well as ownership. As a bonus for Trump Digital Trading Card buyers, each NFT includes entry into a sweepstakes to win one of thousands of great prizes official site for Trump’s NFTs had said at the time of launch.
The collection of digital assets was released on December 16 and since then, Trump’s NFT cards have managed to raise $9.6 million (around Rs. 80 billion) for data trackers CryptoSlam showed.
This year has not been particularly profitable for the NFT sector.
In a recent report by Bloomberg said Sales of NFTs hit a 16-month low following the demise of crypto exchange FTX, citing DappRadar.
The NFT trading volumes have allegedly slipped 97 percent since January.
