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Donald Trump's 'Digital Trading Cards' Sold Out In One Day — Netting $4.4 Million (501 hits)


TOPLINE

Former President Donald Trump’s line of digital trading cards sold out in a day, netting millions despite the massive ongoing slump in nonfungible tokens and cryptocurrency and a fair bit of mocking from some of his allies.

KEY FACTS

The CollectTrumpCards.com noted Friday that all 44,000 NFTs listed for sale on Thursday had sold out.

Priced at $99 each, they collectively brought in nearly $4.4 million.

The digital trading cards feature cartoon images of Trump in a range of different scenarios and activities: one card features him in hunting gear holding a gun, while another shows him dressed as a superhero.

Despite the project’s apparent popularity among his followers, some Trump allies spoke out against the venture like his former advisor Steve Bannon, who said on his podcast the Trump staff behind the decision “ought to be fired.”

Trump’s former national security advisor, Michael Flynn, agreed with Bannon, saying on an online stream that “whoever advised him on that, I’d fire them immediately.”

Even Tim Gionet, a far-right internet personality who goes by the name Baked Alaska online and pleaded guilty to storming the capitol on Jan. 6, tweeted “i can’t believe i’m going to jail for an nft salesman.”

NEWS PEG

The value of digital assets like NFTs and cryptocurrency have collapsed in the past few months, most recently with the shocking downfall of FTX, a cryptocurrency exchange. Trump’s cards seem to have bucked the trend, with some of the NFTs appearing on the secondary market on platforms like OpenSea for around 0.182 ETH, or about $218.

KEY BACKGROUND

The NFT project is Trump’s first big move since announcing last month he would once again run for president. He hinted at the announcement for days before, leading some followers to believe he may be announcing a major political move, including a possible running mate. Three polls released this week found his popularity among Republican voters has fallen significantly. His rival, Florida Gov. Rob DeSantis, has seen his popularity surge in the same time frame. GOP officials like Senate Minority Leader Mitch McConnell have also blamed Trump for the party’s disappointing midterm results.

TANGENT

Along with ownership of an NFT, Trump supporters were incentivized to buy the cards to gain entry to sweepstakes offering prizes like golfing at a Trump resort property, meeting Trump in-person or taking part in a group Zoom call. Customers who purchased at least 45 cards would be awarded with a ticket to a gala with the former president, according to CollectTrumpCards.com. The website notes the project is part of a licensing deal and none of the funds will go toward Trump’s 2024 campaign.

FURTHER READING

Trump’s ‘Major Announcement’ Was To Hawk His $99 NFTs (Forbes)

https://www.forbes.com/sites/carlieporterf...
Posted By: Steve Williams
Friday, December 16th 2022 at 11:30PM
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Did you see in this report that Trump popularity has fallen.

The NFT project is Trump’s first big move since announcing last month he would once again run for president. He hinted at the announcement for days before, leading some followers to believe he may be announcing a major political move, including a possible running mate. Three polls released this week found his popularity among Republican voters has fallen significantly. His rival, Florida Gov. Rob DeSantis, has seen his popularity surge in the same time frame. GOP officials like Senate Minority Leader Mitch McConnell have also blamed Trump for the party’s disappointing midterm results.

That paragraph is from what you just gave me. Did you see it?

What do that mean to you Steve?

Saturday, December 17th 2022 at 7:33AM
Dea. Ron Gray Sr.
WOW... Just think how much money more Priced at $99 each, these cards would be worth if The Justice Department go into action on the question of Donald J. Trump.


Saturday, December 17th 2022 at 9:49PM
Dea. Ron Gray Sr.
I don't care that Forbes uses your flawed talking points. Trump's Digital Trading Cards sold out in one day and made Trump $4 million. When was the last time YOU made $4 millon in one day Ron? What "question of Donald J. Trump" would "The Justice Department go into action on?"

Sunday, December 18th 2022 at 2:23PM
Steve Williams

YOUR QUESTION: What "question of Donald J. Trump" would "The Justice Department go into action on?"

MY REPLY: Have you heard what happened on Jan 6th at The U.S. Capitol Steve and what did?


Sunday, December 18th 2022 at 11:18PM
Dea. Ron Gray Sr.
I saw it Ron. Trump is innocent.

Monday, December 19th 2022 at 4:43AM
Steve Williams
This was the REAL insurrection!
https://www.youtube.com/watch?v=gcVlsq2x79...

Monday, December 19th 2022 at 4:49AM
Steve Williams
This is interesting news. Steve, “I GOT IT” Why don’t you start a new blog, highlighting your point?


Monday, December 19th 2022 at 7:20AM
Dea. Ron Gray Sr.
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