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Donald Trump’s NFT Collection Sells Out in Less Than a Day
President Trump's Inaugural Committee has announced that they have raised a record-breaking $90 million to help support the president and Vice President Mike Pence.
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Despite widespread ridicule on the internet, former President of the United States Donald Trump's collection of digital trading cards completely sold out in under 24 hours, bringing in a total of $4.5 million in revenue.
On Wednesday, President Trump informed his followers of his "big news" that would be posted on the social media network known as Truth. The following day, the 45th President of the United States announced that he would be selling "limited edition cards with beautiful art of my life and career." He claimed that the cards would be "very much like a baseball card, but hopefully much more interesting."
On the cards, the former commander-in-chief, who is 76 years old, can be seen in a wrestling ring, in a boxing ring, getting ready to wrestle, driving a race car, becoming an astronaut, and playing football. On each card is a stamp indicating that he is the 45th president of the United States.
People were able to purchase non-fungible tokens (NFTs) on the Opensea marketplace, which they could access by going to a specific website that had been set up for the purpose of the sale. On Friday, the website said that all of the cards had been purchased.
Each NFT was priced at $99 US, and there were a total of 45,000 available for purchase. Similar to other non-fungible tokens, the buyer retains ownership of the individual digital Trump card after purchase, but the picture itself can be reproduced and distributed by anyone with access to the internet.
However, there was only a limited quantity of NFTs available for purchase as part of the launch, despite the fact that the nature of digital images makes it possible for there to be an infinite supply so long as the user is aware of how to click and save.
While others had twenty NFTs available for purchase, some photographs just had one NFT linked with them.
Those who purchased the cards were also entered into a competition for the chance to win prizes such as a meal with Trump at Mar-a-Lago, a round of golf with a former president, or a Zoom call.
It comes at a time when Trump is facing increased legal pressure as court cases advance over his businesses, and the House select committee on January 6 is considering a criminal referral against him for obstruction of Congress. This comes at a time when Trump is facing increased legal pressure as court cases involving his businesses advance.
A poor performance by Republicans in the midterm elections in November, which has been partially attributed to Trump, coincided with his announcement that he intends to run for the Republican nomination again in 2024. As a result, Trump has been subjected to pressure from within the Republican Party.
... if we may make a modest request of you. Every day, the Guardian is the source of choice for millions of people looking for open, independent, and high-caliber journalism, and readers from more than 180 countries are now helping us financially.
We are of the opinion that everyone should have access to information that is founded on science and the truth, as well as analysis that is founded on authority and honesty. Because of this, we went in a different direction and decided to make our reporting accessible to all readers, regardless of the region in which they reside or the amount of money they can afford to spend. This indicates that a greater number of people will be able to receive improved information, become more united, and be encouraged to take meaningful action.
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In these troubled times, a worldwide news organisation that strives to uncover the truth, like the Guardian, is absolutely necessary. Because we do not have shareholders or a billionaire owner, this differentiates us from other media outlets because it ensures that our coverage is not influenced by commercial or political interests. At a time when maintaining our independence has never been more crucial, it enables us to examine, confront, and expose people in positions of authority without fear.
FAQs
When did Trump's term as president come to an end?
The day of Donald Trump's inauguration as the 45th President of the United States was January 20, 2017, and he served in that capacity until the day of his successor's inauguration, which was January 20, 2021.
What exactly is the cryptocurrency known as "TrumpCoin"?
TrumpCoin (TRUMP) is a cryptocurrency that promotes itself as a supporter of the Trump administration as well as the administration's conservative supporters and Patriots. Patriots who participate in proof-of-stake (PoS) mining and the company's crowdfunding initiative receive funding and notoriety as a result.
How many people ended up purchasing it?
At least 115 individuals made purchases totaling $45 in digital currency. This is the bare minimum number required to receive a promise of an invitation to dine with Trump. In addition, 17 customers purchased at least 100 items, as stated by the retailer. A consultant for the Republican Party named Mike DuHaime referred to the current endeavours of the former president as an embarrassment.
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