April 22, 2025
Blockchain

The fact that Trump’s ‘big announcement’ is about NFTs confirms they need to reinvent themselves from scratch

  • December 22, 2022
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Donald Trump promised a “big announcement” on his Truth Social network account. Few expected these to eventually be some NFTs costing $99 each, where his “life and career”

The fact that Trump’s ‘big announcement’ is about NFTs confirms they need to reinvent themselves from scratch

Donald Trump promised a “big announcement” on his Truth Social network account. Few expected these to eventually be some NFTs costing $99 each, where his “life and career” were reviewed. Trump’s entry into the world of digital assets was guided by his wife, Melania Trump, who has several digital works and has already worked with this technology in the past.


A Trump superhero for your collection. Trump predicted that his ad would look “a lot like a baseball card.” The idea of ​​these NFTs, in somewhat bizarre ways, is as if they were collectible digital trading cards from Trump himself. Many of the NFTs based on Polygon caricature Trump as a superhero. In one of them, a cape from the USA chosen for the image depicting this article appears with a ‘T’ on the chest and a large belt that says ‘Trump Champion’.

As with many NFT campaigns, creators need to associate some additional value beyond the NFT. In this case, a lottery is associated with buyers, where in addition to prizes there is only the opportunity to meet # 45. “It’s a great gift for Christmas,” Trump explains.

He denies having a way to fund his political campaign. If NFTs have gotten such a bad reputation, it’s because they mainly revolve around their economic value rather than focusing on the collectability aspect. Many companies and individuals have signed up to this technology as a way to monetize their visibility.

“These digital collectibles cards are not political and have nothing to do with any political campaign,” Trump said, blatantly denying that it would serve to support a possible presidential campaign for 2024.

“It’s all over to start from scratch”. Trump-initiated NFTs are so bizarre that even the NFT advocates themselves shouted to heaven. “I have so many questions and comments but really I just can’t believe it and I’m confused and hopefully everything goes to zero fast so we can start over,” said crypto phenom Scott Melker.

In the past, Trump has been critical of everything crypto-related, but now, curiously, the former president of the United States is signing off on the technology when the market isn’t experiencing its best moments. The uptake was highly critical on social networks and showed that future projects with NFTs need to reinvent themselves. Fortunately, some are already starting to emerge, whose approach is radically different from what Trump has presented.

on Xataka | NFT fever lasted exactly ten months. Hangover is much harder and will last longer

Source: Xataka

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