- According to Newsweek, Donald Trump sells out NFT trading cards within hours but insists it’s not about the money.
- After selling the NFTs for $99 each, Trump told a conservative network that they were “art” and “sorta cute”.
- Despite Trump’s lack of interest in the project, sales totaled over $1 million.
Former President Donald Trump told reporters that the non-fungible token trading cards were more about art than money after they sold out in 12 hours.
In a video released on Twitter on Saturday, Trump claimed he was unaware of NFTs before making more than $1 million from trading card sales that portrayed the businessman-turned-politician as a hero.
During the video, Trump said:
“I knew nothing about them, but when a group came over, I was fascinated by the artwork. I was shown works by them.”
When he showed me the artwork, I remarked, “Wow, it’s kind of comic book art when you think about it,” adding, “I’ve always wanted a 30-inch waist.”
According to media sources, the cards went for about $99 each when they were first released in December. Despite estimates that the cards will earn their makers $4.5 million, according to Gallagher, it’s unclear whether Trump will receive any cash, and he appears to be fine with it.
“I didn’t consider it to be an investment. I thought they were cute, so that’s how I saw it. I believe you get these extremely interesting and lovely visions for $99, and I viewed it that way much more than as an NFT “said Trump.
According to media sources, the “visuals” depict Trump as a superhero, cowboy, astronaut, and other forms of the former president.
“Wow, that’s lovely, that could sell, that could sell, I think when I look at these things. It sold in six hours when they estimated it would take six months” Trump told OAN.
What is NFT?
Non-fungible tokens, or NFTs, have gained a lot of attention in the art world and beyond in recent years. These unique digital assets, often built on blockchain technology, allow for the ownership and authenticity of digital items to be verified and recorded in a transparent and secure way.
One of the main characteristics of NFTs is that they are non-fungible, meaning that they cannot be exchanged for something else of equal value. This is in contrast to traditional cryptocurrencies, such as Bitcoin, which are interchangeable and can be used as a medium of exchange.
NFTs can represent a wide range of digital assets, including artwork, music, videos, and even tweets. They are bought and sold on online marketplaces, such as OpenSea and Rarible, and the prices for these digital assets can range from just a few dollars to millions of dollars.
One of the main benefits of NFTs is that they provide a way for artists and creators to monetize their digital work and retain control over the distribution and use of their creations. NFTs allow artists to set terms for how their work is used and displayed, and they can also receive a percentage of each sale when their work is resold.
However, the use of NFTs has also sparked controversy and debate in the art world. Some critics argue that the focus on NFTs and the high prices they can fetch distracts from the artistic merit of the work itself. Others have raised concerns about the environmental impact of blockchain technology, as the energy consumption required to run a blockchain can be significant.
Despite these challenges, NFTs have established a foothold in the art world and show no signs of slowing down. They have opened up new opportunities for artists to monetize their digital creations and given collectors a new way to own and display unique digital art.
Overall, NFTs represents an exciting development in the world of digital art and ownership, and it will be interesting to see how they continue to evolve in the future.
what is Superhero NFT?
A superhero NFT is a type of non-fungible token (NFT) that represents a digital asset related to a superhero or superhero universe. NFTs are unique digital assets that are built on blockchain technology and can be used to represent a wide range of digital items, including artwork, music, videos, and even tweets.
Superhero NFTs could include a variety of digital assets, such as digital artwork or comics featuring superheroes, virtual collectibles or in-game items related to superhero franchises, or even digital experiences or events featuring superheroes.
How to make and Sell NFT?
If you are interested in creating and selling non-fungible tokens (NFTs), here are some steps you can follow:
1. Choose a platform
The first step is to choose a platform that allows you to create and sell NFTs. There are several platforms available, such as OpenSea, Rarible, and Ethereum, that offer NFT creation and marketplace features. Choose a platform that fits your needs and is compatible with the type of digital asset you want to create.
2. Create your digital asset
The next step is to create the digital asset that you want to represent with your NFT. This could be a piece of art, a video, a piece of music, or any other type of digital item. Make sure that you own the rights to the digital asset and that it is in a format that can be represented as an NFT.
3. Create the NFT
Once you have your digital asset ready, you can create the NFT on your chosen platform. This usually involves uploading the digital asset and providing some metadata, such as a title and a description. Some platforms may also allow you to set terms for how your NFT can be used and displayed.
4. Set the price
After creating your NFT, you will need to set a price for it. Consider factors such as the perceived value of your digital asset, the demand for similar NFTs, and any applicable fees or commissions that the platform may charge.
5. Promote your NFT
Once your NFT is live on the marketplace, you can start promoting it to potential buyers. This could involve sharing it on social media, reaching out to relevant communities or forums, or collaborating with other creators or influencers.
6. Sell your NFT
As potential buyers express interest in your NFT, you can negotiate the sale and complete the transaction through the platform. You will receive the agreed-upon amount, minus any applicable fees or commissions.