Author : Mark

Date : Dec 28,2022

When the $99 Polygon NFTs were first introduced, some people expressed doubts about them

Former US President Donald Trump claimed that he began his NFT collection because he enjoyed the artwork and believed the portraits of himself were "kind of charming."

The twice-impeached former commander in chief and former TV personality claimed in a recent interview with One America News that Trump Digital Trading Cards were not an investment but rather an artistic endeavor.

Earlier this month, Trump published non-fungible token (NFT) trading cards and had previously teased them as a "big announcement." When the $99 Polygon NFTs were first introduced, some people expressed doubts about them, with some Trump supporters saying they would not buy them and others noticing watermarks from stolen stock photographs on the images.

In the interview, Trump stated, "I loved the paintings." I think this item is kind of cute and might sell as I look at it. Like a record, it was set. It's been amazing.

The digital trading cards depicted Donald Trump in a variety of poses and outfits, including as an astronaut, a cowboy, and a superhero, and were hailed as showing "great art of [Trump's] life and work."

Trump responded that he "didn't view it as an investment" but reiterated that he "thought they were charming" when questioned why he would decide to introduce NFTs while the entire crypto market was in decline.

NFTs, which are tokens linked to digital (and occasionally physical) objects like music or art, sprang to fame last year. People are less interested in the assets now that the crypto market is in a bear market.

Benefits like a meal or a meet-and-greet with the prior boss were made available to the buyers. Trump's NFT collection sold out in a single day, reducing the floor price and decreasing interest in the tokens.

The gathering has so far resulted in $9.6 million in secondary transactions, claims CryptoSlam.

Trump, who led the country as president from 2017 to 2021, declared in November that he would run for government once more in 2024.

His wife Melania Trump launched a Solana NFT at this time last year. A few days later, in his response, Trump noted that while he appreciated his partner's suggestion, cryptocurrencies were "extremely risky."