Donald Trump NFT Cards Showing Him as Superman, Astronaut and More Are Sold Out Despite Massive Backlash

Donald Trump NFT Cards Showing Him as Superman, Astronaut and More Are Sold Out Despite Massive Backlash
The debut NFT collection from former President Donald Trump sold out in less than one day, netting its creators a profit of over $4.5 million. Photo by Drew Angerer/Getty Images

The website that offered digital trading cards depicting former US President Donald Trump as a superhero, an astronaut, and a Nascar driver reports that the items have sold out.

Trump advertised the "limited edition cards" on Thursday evening, stating that one would "make an excellent Christmas present." According to OpenSea, which monitors similar sales, there were 45,000 of these cards offered for $99 apiece.

Trump's NFT Collection Sold Out

The news was met with opposition and ridicule, particularly from Republicans. Those participating in the initiative "should be terminated immediately," he stressed. Trump, who started his third run for the White House last month, sparked rumors this week when he said he will make a "major announcement." Some experts anticipated that he would choose a running mate for his presidential candidacy.

Instead, the billionaire created a video promoting the cards on his social media network, Truth Social, BBC reported. The ad depicted an animated depiction of the former president in front of Trump Tower in New York, ripping away his shirt to reveal a T-emblazoned superhero outfit while lasers erupt from his eyes.

Later on Truth Social, Donald Trump stated that non-fungible tokens (NFTs) were "similar to baseball cards, but hopefully more entertaining." In the digital world, "unique" assets may be purchased and sold like any other piece of property, but they have no physical existence of their own.

They can be viewed as ownership documents for digital or physical things. Proponents assert that NFTs are the digital equivalent of collectibles, while others have warned of hazards in the sector, which evolved from the broader bitcoin ecosystem. Along with a decline in the value of cryptocurrencies, there has been a decrease in activity in the sector in 2018.

This year, research for the US Congress revealed that NFT sales had been used to acquire credit card and other financial information, as well as for other fraudulent purposes. The buyers of the non-fungible tokens with a Trump theme receive a distinct digital copy of the image. As with the majority of digital art, the photographs can be reproduced and exhibited by anyone, not only the NFT's buyer.

The $99 NFTs, which Trump characterizes as "pertaining to my life and career," depict the former president in digital form as an astronaut, racing car driver, cowboy, and superhero. According to collectTrumpCards.com, the website offering the tokens, some designs are one-of-a-kind while others exist in editions of up to 20.

Further prizes include a phone conversation or Zoom call with Trump, a golf excursion, a cocktail hour at Mar-a-Lago, and a dinner in Miami. The site states that purchasing at least 45 NFTs allows the holder a "guaranteed ticket to attend the Gala Dinner with Trump in South Florida," as per CBS News.

Trump's NFT Profits Won't be Used For Presidential Campaign

Friday morning saw all 45,000 NFTs sold out, according to the website. At $99 per ticket, the total revenue is $4.46 million. The cards are already being exchanged for rates beginning at $1,200 on OpenSea, an NFT marketplace. The artist Clark Mitchell will get 10% off any further sales of the items.

It is unclear whether the former president will receive a monetary gain from the transaction. The cards are held by NFT INT LLC, whose postal address can be traced to a UPS location in Park City, Utah. CollectTrumpCards.com indicates that the NFTs are unrelated to Trump's presidential candidacy in 2024.

Per Daily Mail, in the small print of Trump's digital trading card contract, another firm, NFT INT, LLC, is listed as the "sponsor." The sponsor is a Delaware limited liability corporation. It is stated in a disclaimer that the Sponsor is not owned, managed, or controlled by Donald J. Trump, The Trump Organization, CIC Digital LLC, or any of its respective principals or affiliates.

Sponsor utilizes Donald J. Trump's name, likeness, and image under license from CIC Digital LLC, whose license may be withdrawn or terminated in accordance with its terms.

This indicates that the Trump organization created for the NFT project is CIC Digital LLC, which was also established in Delaware in March 2022. The New York Times reports that it was also formed in April 2021 with the same address as the Trump International Golf Club in West Palm Beach, Florida. Nick Luna, a former Trump White House official, is listed as a director of the company.

The Park City, Utah address listed for NFT INT, LLC appears to be in a strip mall located near Interstate 80. It looks to be in or close to a UPS business, with a vapor firm, an Asian restaurant, and a mattress store as neighbors.

@YouTube

Tags
Donald Trump
Real Time Analytics