NFTs
What are Trump NFTs?
Your guide: What are Trump NFTs?
No matter where you are in the political aisle, it’s probably safe to say that there is a market for everyone.
If you’re into the crypto space, you’ve probably already seen a new NFT from former President Donald Trump hit the market.
So, today we will answer the question: “What are trump NFTs?
Keep reading to find out
Read too: Justin Bieber’s $2 million NFT is now worth less than $100,000
What is an NFT?
An NFT is short for a non-fungible token. These are digitized assets that maintain a unique identifier that verifies ownership. This identifier is within the blockchain of the image, music, etc. specified and cannot be changed. So this is where these assets get their value from.
The Trump NFT is an NFT-like digital asset on the Bitcoin blockchain. You may have seen ads under the guise of “Trump Trading Cards”.
How Much Did Trump Make Selling NFTs?
Based on research and according to CNBC, it appears that former President Donald Trump made somewhere between $100,000 and $1,000,000 from proceeds from selling NFTs.
Read too: Manchester City and OKX Crypto Exchange Partner for New NFTs
What are Trump NFTs?
Trump NFTs are the 45th United States president’s first entry into the market. Specifically, these non-fungible tokens are trading cards that depict patriotic, fictional interpretations of the former president.
When they arrived, the value of the assets had risen. not just because of the inherent attraction of this digital asset, but because of much of the advertising and rewards that come with it.
During their initial launch, these NFTs came with the chance to win specific prizes. This ranges from meeting Trump himself to interesting things. That’s a big part of why they were so highly valued when they first hit the market.
Conclusion
In conclusion, no matter where you are in the aisle, the simple fact that a former president can make over $100,000 from selling NFTs shows the lucrative opportunities in crypto.
So the next time you are looking for a new way to earn passive income, you can try creating NFTs.
Good negotiations.