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Donald Trump’s pro-crypto braggadocio at NFT gala lacked political substance

TokenTalk Staff



Donald Trump's pro-crypto braggadocio at NFT gala lacked political substance

PALM BEACH, FL. — During his first stint in the White House, Donald Trump was not a fan of cryptocurrencies; he once tweeted that they were “based on thin air.” He later sold millions of dollars worth of NFTs. This week, he rebranded himself as crypto’s preferred candidate.

“If you are for crypto, you will vote for Trump because they want to end it,” he said at a party Wednesday night at Mar-a-Lago, referring to Democrats and President Joe Biden. He also promised to ensure that his campaign accepts crypto donations.

The 77-year-old candidate’s apparent about-face came as no surprise to his audience of around 200 supporters. Many purchased $10,000 worth of Trump Trading Card NFTs to join this surreal and sweltering outdoor reception at the former president’s Florida palace. A CoinDesk reporter also attended (as +1).

For nearly an hour, Trump fielded questions from a sea of ​​sweat-soaked suits. Only a few of them focused on cryptography, an incredibly niche issue that was the nominal anchor of the entire event.

But it was enough to make a few things clear:

An exchange highlights points 1 and 3 (we’ll come back to 2 later). When asked how he felt about central bank digital currencies (CBDCs) and “government blockchains” (two things that crypto proponents generally oppose), Trump responded, “I think everything has its place.” .

“We have some amazing things going on, I mean cryptography, if you go back to cryptography a few years ago people said it wasn’t going to work out but now it’s in record numbers. I guess you could say it’s a form of currency and I guess I’m in favor of this, I’m increasingly in favor of it.”

The substance of Trump’s support for crypto may be less important to the industry’s (likely small) headcount. single-issue voters than the fact that he is saying something positive about it. Trump appears to be the first major party presidential candidate to embrace encryption.

On the other side of the dispute is an openly hostile presidential administration. Joe Biden’s SEC Chairman Gary Gensler is waging a legal war against many parts of the crypto industry. And on Wednesday, hours before his opponent’s golf resort gala, the president vowed to block a House effort to dismantle an SEC accounting rule for crypto that politicians opponents they argue harmed the industry’s growth.

“Biden doesn’t even know what it is. If you ask Biden, ‘Sir, are you for or against encryption?’ he will say, ‘What is this? Get me off the stage.’ He has no idea,” Trump said. Whether or not this somewhat plausible presumption is true, Trump followed up with an attack on Gensler, an official versed in cryptography.

“I’ll say this: I’m OK with it, I want to make sure it’s good and solid and everything, but I’m OK with it,” Trump said of encryption. He later said, “If we want to have what we have, we will have to embrace a lot of things that not everyone likes.”

Hours before Trump’s impromptu Q&A, Biden’s campaign team criticized “people duped into paying up to $10,000 for simple digital images of him” in an email to supporters. The email criticized Trump for holding a glitzy NFT dinner instead of campaigning during his midweek break from court.

But Trump it was campaign on Wednesday night. He was competing for votes from the exceptionally loud crypto crowd that Biden had completely despised. Of course, only a few hundred heard it firsthand. His videos of Trump’s pro-crypto musings ricocheted across social media and unleashed a torrent of media coverage for the self-proclaimed political champion of crypto.

“There are 50 million crypto holders in the US. That’s a lot of voters,” said Ryan Selkis, CEO of crypto data platform Messari, in the packed Mar-a-Lago ballroom, where VIPs (those who purchased $10,000 worth of NFTs) mingled with dinner attendees (who paid $4,700). Trump unexpectedly called Selkis to the stage.

The sound bites that emerged from Wednesday’s NFT gala could accelerate the polarization of crypto, trapping it in the same “us or them” shackles that bind much of American politics. Bitcoin’s libertarian roots hardly resonate today; Cryptography has its proponents in both sides of the corridor.

The most powerful voice in Republican politics has left aside the bipartisan reality of encryption by declaring that Democrats want to eliminate it. “The Democrats are completely against it,” Trump said, hours after 21 of the 213 House Democrats voted to repeal the SEC accounting rule.

Trump considered himself the industry’s only hope. His fluency on industry issues was uneven. Asked how he would change hostile US policies that drive crypto companies out of the country, he said: “Let’s stop this, because I don’t want it, I don’t want it. I want it – if we are going to accept it, then we have than let them be here.”

There was one area of ​​crypto that Trump spoke with more or less skill: his NFTs. Three collections of Trump NFTs – digital trading cards depicting a super-jacked Donald in various states of patriotism – have generated millions of dollars in sales. Wednesday’s gala dinner celebrated the high rollers who purchased its third “Mugshot Edition” collection.

“We did it when NFTs weren’t hot and we made them hot again,” Trump said of his cards, adding that some NFT buyers have made tens of thousands of dollars on the resale market.

Asked by an attendee if he would sell a fourth NFT collection, the longtime entrepreneur hesitated. “I believe in supply and demand. And as you know, 1 was great, 2 was great, 3 was great. At some point, maybe that will change.”

He interviewed the audience: How many Mugshot high rollers wanted a 4th series collection of NFTs? Most raised their hands. Trump looked perplexed: “Based on supply and demand, wouldn’t that perhaps keep your prices, for the things you’ve already purchased, lower?” It tested his resolve. “Who would like no see a fourth collection for this reason?” Only a few hands went up.

“Okay, some economists,” Trump said, drawing laughter from the crowd.


We are the editorial team of TokenTalk, where seriousness meets clarity in cryptocurrency analysis. With a robust team of finance and blockchain technology experts, we are dedicated to meticulously exploring complex crypto markets with detailed assessments and an unbiased approach. Our mission is to democratize access to knowledge of emerging financial technologies, ensuring they are understandable and accessible to all. In every article on TokenTalk, we strive to provide content that not only educates, but also empowers our readers, facilitating their integration into the financial digital age.

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Can NFTs make a comeback? Not until traders feel rich again, says an analyst – DL News

TokenTalk Staff



Can NFTs make a comeback?  Not until traders feel rich again, says an analyst – DL News
  • NFTs are stuck in a brutal bear market.
  • The launch of the Ethereum ETF could reignite interest, an analyst said.
  • Collectors are still buying some high-end NFTs.

In 2024, there is little love left for NFTs.

Popular collections like Yuga Lab’s Bored Ape Yacht Club now costs less than before the NFT craze began three years ago.

Even CryptoPunks, the leading NFT collection with a market value of around US$874 millionthey seem trapped in a brutal bear market.

The situation will not change until crypto traders feel rich again, said Nicolas Lallement, co-founder of NFT data platform NFT Price Floor. DL News.

He said capital “will likely pivot to bluechip NFTs” if the launch of spot Ethereum exchange traded funds triggers a demonstration later this year.

Bluechip is a stock market term for the most reliable and valuable companies on the market.

In crypto, traders use the word to describe tokens or NFTs that they consider to have established value.

In essence, Lallement is alluding to a repeat of the market conditions associated with the first NFT bull run.

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Demand for NFTs soared in late 2021 after Bitcoin rose around 1,140% in the previous year.

With large amounts of newly created capital circulating, many of those who made money piled into NFTs to show off their wealth.

“Ultimately, NFTs act as status symbols,” Lallement said.

Market dilution

There is no guarantee that money from a market-wide rally will flow specifically into NFTs, let alone those that were previously popular.

“We now have NFTs on Bitcoin, Solana and Ethereum L2s, so the market is not just focused on Ethereum like it used to be,” said Lallement.

It’s not just the latest NFTs that are diluting the market.

“These days, everyone is busy with memecoins and DeFi, especially now that celebrities are also participating in it,” said Mahan Fathi, CEO of NFT analytics site NFT Valuations. DL Newsadding that he doesn’t see much liquidity flowing into NFTs.

Many traders have previously used NFTs as vehicles for speculative trading.

The low liquidity of NFTs makes them extremely volatile, creating conditions for huge gains — or total losses.

Memecoins, little-used cryptocurrencies that trade solely based on their popularity, have supplanted NFTs as the asset of choice for traders seeking high-risk bets.

Memecoins based on presidential candidatescelebrities and even comic book artist Matt Furie Pepê the Frog character have taken over the market in recent months.

Pockets of activity

Despite the negative sentiment toward NFTs, there are sophisticated collectors who are still allocating, Fathi said.

In February, a full set of Autoglyphs NFTs were sold for US$14.5 million. Autoglyphs are among the first generative art NFTs created on the Ethereum network.

Then in April, a rare alien, CryptoPunk, was sold for US$12.5 million. Alien Punks are highly coveted because only nine out of 10,000 strong collections feature this feature.

Still, these sales are dwarfed by those of the previous NFT bull market. In February 2022, another alien CryptoPunk was sold for a record $24 million.

There is also the question of whether these sales have any influence on the broader demand for NFTs.

Lallement says yes.

“I expect a ripple effect from these high-end NFTs to more accessible ones at some point,” he said.

Tim Craig is DeFi correspondent for DL ​​News in Edinburgh. Contact him with tips at


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8 NFT Primitives You Should Know

TokenTalk Staff



8 NFT Primitives You Should Know About

If DeFi has “legos of money”, then NFTs have “legos of culture”.

Another way to put it? NFT Primitives.

In cryptography, a primitive is a fundamental building block that can be used to create more complex systems or applications.

NFT primitives are important because they pave the way for new innovations and new use cases around NFTs, allowing developers to create more sophisticated and versatile experiences.

To give you a better idea of ​​the programmable possibilities here, let’s look at 8 examples of some of today’s most notable NFT primitives.

1. Zora Protocol Rewards

by Messari

When a creator selects the “Free + Rewards” pricing option when minting their NFTs on Zora, they become eligible for Protocol Rewards by splitting the Zora Mint fee of 0.000777 ETH.

Upon new mintings, these rewards are accumulated in an escrow contract and can be withdrawn by the creator at any time.

Developers or platforms that facilitate the creation of NFT collections or refer collectors to mint NFTs also receive rewards. This includes “referral creation” rewards for those who bring creators to the platform and “mint referral” rewards for those who bring collectors.

Hence, Zora Protocol Rewards introduces a fundamental reward mechanism that can be leveraged to create new applications, for example, alternative self-funded Zora front-ends. It can also be easily integrated into existing NFT projects and platforms.


by Benny Giang

ERC-6551 introduced a fundamental change to the NFT space, allowing NFTs to function as their own smart contract accounts.

By allowing NFTs to own assets, interact with web3 applications, and act as onchain identities, ERC-6551 has significantly expanded the basic properties of ERC-721 tokens. The composable nature of ERC-6551 means it can be combined with other protocols and applications to create innovative NFT utilities.

For example, the original architecture of the AI-based simulation game Parallel Colony was inspired by ERC-6551, as the standard allowed the game’s AI agents to act as wallets and manage their own token assets.

3. Boosts

by Boost

Boost is a distributed incentives protocol. It allows for the deployment of incentives, i.e. tokens, to encourage targeted on-chain actions, and recently we have seen more and more incentives deployed to drive engagement for new NFT mints.

For example, you can set up a boost so that the first 100 minutes of your latest NFT drop will receive 2$OP each as a reward. How you configure the parameters is completely arbitrary and up to you.

That said, Boost’s open and composable design allows it to be easily integrated into other applications, allowing it to serve as a lever for anyone looking to take advantage of its features.


by Standardizer

DN-404an optimized version of the ERC-404 experiment, helped popularize a new way of creating hybrid tokens that act as both fungible (ERC-20) and non-fungible (ERC-721) tokens.

Consequently, DN-404 can be used in a variety of applications, such as enabling fractional ownership of NFTs, increasing liquidity for NFT projects, and creating new trading mechanisms that leverage fungible and NFT properties.

5. Noun Protocol

by Nouns

One of the most popular NFT primitives is the Noun Protocol.

With this system, Nouns pioneered a complete model for continuous NFT generation, auctions and community governance. This foundation has inspired and been modified by many dozens of spin-off projects to date, leading to the phrase “substantive DAOs.”

The fully on-chain nature of the Nouns Protocol also means that developers can build new applications around Nouns as they please.

6. Net Delegates

by to delegate

Created by the team of Delegates, Net Delegates introduced a new mechanism that allows delegation rights to be bundled into tradable NFTs.

By allowing NFTs to delegate rights, Liquid Delegates have added the ability to trade those rights, claim airdrops, access token-gated communities, and more, all without transferring ownership of the underlying asset.

Projects can use this feature for a variety of purposes, but we’ve generally seen it integrated so that people can safely mint or claim tokens in their vault wallets.

7. Non-Fungible Vaults (NFVs)

by Open Dollar

Developed by Open Dollar, Non-Fungible Safes (NFVs) link collateralized debt positions (CDPs) to transferable NFTs instead of protocol accounts.

This primitive makes ownership of stablecoin loan positions liquid and transferable, improving capital efficiency and flexibility.

In other words? NFVs pave the way for the first secondary lending markets in DeFi and can be integrated into DeFi in new ways thanks to the existence of NFTs.

8. Net Listings

by Skinner

One of the latest NFT primitives is Flayer Net Listingswhich allows rarer non-floor NFTs to be deposited into collection pools in exchange for “Floor Tokens”.

These tokens, for example ƒMILADY, represent the minimum value of the NFT and can be sold to provide immediate liquidity, with the remaining listing value realized in the final sale of the NFT.

Notably, this primitive uses Harberger fees to ensure fair pricing, making it easier to sell NFTs off the floor and access liquidity quickly and smoothly.


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OKX Marketplace partners with Web3 game

TokenTalk Staff



OKX Marketplace now supports zero-fee Metaplex

SINGAPORE, June 21, 2024 (GLOBE NEWSWIRE) — OKXa leading Web3 technology company, published updates for June 21, 2024

OKX Marketplace Partners with Web3 Game BLOCCLORDS to Launch Exclusive Offer of 300 ‘Legacy Cowherd’ NFTs

OKX Marketplace and medieval Web3 game BLOCKLORDS have teamed up to launch a exclusive draw of 300 Ethereum-based ‘Legacy Cowherd’ NFTs. The giveaway, which began on June 19th and will end on June 26th, offers participants an exclusive chance to receive a ‘Legacy Cowherd’ NFT.

To participate in this campaign, participants must hold a minimum of 0.005 ETH during the campaign period and complete simple tasks on social media, such as following BLOCLORDS on X. More details on how to participate in the campaign can be found here.

BLOCKS presents a player-driven medieval grand strategy game where players’ decisions and skills shape the world and narrative. The game offers various play styles such as farming, fighting, resource management and government, allowing players to create their own destinies. The ‘Legacy Cowherd’, BLOCKLORDS’ newest hero, symbolizes patience, resilience and heritage, guiding his cattle through storms to lush pastures.

For more information, visit the OKX Support Center.

For more information, please contact:

About OKX

A leading global technology company powering the future of Web3, OKX offers a comprehensive suite of products to meet the needs of beginners and experts alike, including:

  • OKX Wallet: The world’s most powerful, secure and versatile crypto wallet that gives users access to over 85 blockchains while allowing them to take custody of their own funds. The portfolio includes MPC technology which allows users to easily regain access to their wallet independently, eliminating the need for traditional, ‘written’ seed phrases. Additionally, OKX Wallet’s account abstraction feature Smart Account allows users to pay for transactions across multiple blockchains using USDC or USDT and interact with multiple contracts through a single transaction.
  • DES: A multi-chain and cross-chain decentralized exchange aggregator with 400+ other DEXs and approximately 20 bridges, with 200,000+ coins and 20+ blockchains supported.
  • NFT Market: A multi-chain, zero-fee NFT marketplace that gives users access to NFT listings on seven top-tier marketplaces, including OpenSea, MagicEden, LooksRare, and Blur.
  • Web3DeFi: A powerful DeFi platform that supports earning and staking on around 70 protocols across 10+ chains.

OKX partners with many of the world’s leading brands and athletes, including English Premier League champions Manchester City FC, McLaren Formula 1, Tribeca Festival and Olympian Scotty James.

OKX also regularly publishes articles, accessible via OKX Learn. These articles provide readers with in-depth analyzes of all cryptocurrenciesincluding factors that influence Bitcoin Prices It is Ethereum Prices.

To learn more about OKX, download our app or visit:



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Bitwise launches commercial Pro Ethereum as NFT

TokenTalk Staff



Bitwise launches commercial Pro Ethereum as NFT

For the first time, Bitwise Asset Management, a crypto index fund manager, has turned an Ethereum TV commercial into an NFT. The move is part of Bitwise’s campaign to raise awareness of Ethereum crypto projects such as stablecoins, NFTs, DeFi and tokenization, while promoting the Bitwise brand.

As part of the campaign, Bitwise made history by offering viewers the opportunity to mint the ads as low-cost, open-edition NFTs through Zora, a widely used NFT platform on Ethereum. This marks the first time a national TV commercial has been minted as an NFT.

Minting profits will be split equally between the Protocol Guild, which supports open source Ethereum developers, and the actors featured in the videos.

There is something about embodying Ethereum in contrast to legacy financial and technology platforms that both highlights its potential and highlights how inefficient the status quo can be. With these announcements, we are excited to highlight Ethereum’s innovative potential with the accessibility, intelligence, and crypto-native spirit that has always defined Bitwise.

said Victoria Kulbanska Anderson, head of growth marketing at Bitwise.

The Ethereum-themed ads were created in cooperation with Studio City PXL and production company Revolver Films. The success of other previous campaigns like ‘Bitcoin Is Interesting’ also suggests that this partnership creates value for the public and for the companies involved in making the commercials.

Bitwise Asset Management is a crypto investment company founded in 2017 and offers its investors investment products such as ETFs, private funds and active solutions.

Read too: Bitwise Updates S-1 for Ethereum ETF After SEC Feedback


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