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Donald Trump’s NFTs Have Limits Normal Ones Don’t

cryptovert January 19, 2024 1 min read

Donald
Trump
is
out
with
his
latest
digital
collectible
gimmick:
Something
resembling
an
NFT
on
the
Bitcoin
blockchain
that
effectively
costs
$9,900
but,
unlike
normal
NFTs,
cannot
be
traded
by
its
owners
anytime
soon.

The
former
U.S.
president’s
NFT
venture
announced
in
a
post
on
X
that
collectors
who
pay
$99
apiece
for
100
of
his
“mugshot
edition
”
NFTs
–
issued
in
December
on
the
Polygon
blockchain
–
will
also
get
a
unique
card
in
the
form
of
an

ordinal

–
an
NFT-like
digital
asset
on
the
Bitcoin
blockchain.



Read
More:




Donald
Trump
Vows
to
‘Never
Allow’
Central
Bank
Digital
Currencies
if
Elected

“The
First
Ever
Trump
Trading
Cards
officially
created
the
Bitcoin
Blockchain!”
read

part

of
the
announcement

tweet
thread

that
featured
grammatical
errors
and
non-standard
capitalization.

The
offer
is
apparently
meant
to
drum
up
sales
of
Trump’s
most
recent
NFT
collection.
At
max,
only
200
of
these
“one
of
one”
ordinals
will
be
minted,
according
to
the
post.

But
buyer
beware:
the
ordinals,
as
well
as
the
100
NFTs
that
one
must
buy
to
get
it,
cannot
be
traded
by
their
owners
until
December
2024.
The
thread
said
this
limitation
is
meant
to
restrict
their
appeal
as
“investment
vehicles,”
but
in
so
doing,
it
also
severely
denigrates
their
appeal
as
NFTs.

Edited
by
Nick
Baker.

Continue Reading

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