Your guide: What are Trump NFTs?
No matter where you stand in the political aisle, it’s probably safe to say that there’s a market for everyone.
If you’re into the crypto space, you’ve probably seen a new NFT hit the market from former President Donald Trump.
So, today we’re going to answer the question, “What are Trump NFTs?
Keep reading to find out
Also read: Justin Bieber’s $2 Million NFT is Now Worth Less Than $100,000
What is an NFT?
An NFT is the shorthand name 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 specified image, song, etc., and cannot be altered. Therefore, this is where these assets get their value from.
The Trump NFT is an NFT-like digital asset on the Bitcoin blockchain. You might’ve seen ads for it under the guise of “Trump trading Cards.“
How much did Trump make selling NFTs?
Based on research and according to CNBC, it looks like former president Donald Trump has made anywhere from $100,000 to $1,000,000 from income selling NFTs.
Also read: Manchester City & OKX Crypto Exchange Partner for New NFTs
What Are Trump NFTs?
Trump NFTs are the 45th President of the United States’ first entry into the market. Specifically, these non-fungible tokens are trading cards that depict patriotic and fictional renditions of the former president.
When they first arrived, the assets had surged in value. not just because of the inherent attraction of this digital asset, but because of a lot of the publicity and rewards that came with it.
During their initial release, these NFTs came with the chance to win particular prizes. These range from meeting Trump himself to interesting things. That is a large part of why they were so highly valued when they first hit the market.
Conclusion
In conclusion, no matter where you stand 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’re looking for a new way to make passive income, you might want to try your hand at creating NFTs.
Happy trading.