Nearly a week after launching his very first 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 on his NFT cards looked “kind of cute.” All 45,000 fantasy trading cards released as NFTs by Trump show dramatic avatars of the controversial businessman showing him as a superman, astronaut, golfer and boxer, among other versions.
Trump claimed in a recent review that depositing investments and making profits was not on his list of reasons why he launched these NFTs. From ForbesTrump’s net worth is estimated to be around $3.2 billion (approximately Rs. 320 crore) – perhaps that explains why he released an NFT series despite the ongoing industry slump.
“I loved the art. I look at this stuff and I’m like, ‘that’s pretty cute, that could sell.’ It set a record. It was incredible,” Trump said said in a recent interview with One America News.
A video of the same has also surfaced on Twitter.
All of Trump’s NFTs are based on the Polygon blockchain. Each NFT costs $99 (approximately Rs. 8,200) which can be paid in Ether tokens as well as fiat currencies.
“Each Trump Digital Trading Card has a unique identifier that cannot be copied, is recorded on a blockchain and can be used to certify both authenticity and ownership. As a bonus for Trump Digital Trading Card buyers, each NFT includes one sweepstakes entry to win one of thousands of great prizes. official website for Trump’s NFTs had said at the time of launch.
The collection of digital assets was released on Dec. 16 and since then Trump’s NFT cards have managed to collect $9.6 million (approximately Rs. 80 crore), data tracker CryptoSlam showed.
This year was not particularly profitable for the NFT sector.
In a recent report, Bloomberg said sales of NFTs hit a 16-month low after the fall of the FTX crypto exchange, citing DappRadar.
Having the NFT trading volumes Reportedly down 97 percent since January.
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