Conservatives and MAGA supporters are also dissatisfied with Trump, as they had hoped for a more serious announcement from the former president.
Former President and crypto detractor Donald Trump’s bizarre NFT collectible project has perplexed the crypto community.
Even conservatives and ardent MAGA supporters are baffled, with analyst Eric Wall comparing the project to a “SimpDAO.”
On December 15, Trump made a “major announcement” via his social media platform Truth Social, unveiling a collection of 45,000 NFT trading cards with artwork depicting himself in various outfits such as golf attire, hunting gear, and a superhero costume.
The Polygon-based NFTs cost $99 per token, and purchasers are automatically entered into sweepstakes with “thousands of prizes,” including one-on-one dinners, zoom calls, and rounds of golf with Trump.
At the time of writing, there are around 35,600 Trump Digital Trading Cards listed for secondary sales on Opensea, with a floor price of 0.065 Ether, or $82.
According to the NFT community, some of the largest sales so far have ranged between 1 ETH ($1270) and 2 ETH ($2,541).
“These NFTs provide you with community access. A dinner with Donald Trump. Golfing with Donald Trump. Calls through Zoom. Meetings with individuals. Autographs. These aren’t your typical baseball cards. This is SimpDAO 407506a!”
After social media star Irene Zhao launched IreneDAO in January, the term “SimpDAO” was coined. The NFT project allows fans, known as ‘Simps,’ to bond over their love for Irene and receive benefits such as free tokens, meet-and-greets, phone calls, and so on. To date, it has generated $3.3 million in secondary NFT sales on OpenSea alone.
Binance CEO Changpeng Zhao ignored the politics and was relatively bullish on what the project represents, noting that the “former United States President issues NFTs. And he wasn’t a fan of crypto before. We’re on our way.”
In response, Bitcoin supporter and Twitter founder Jack Dorsey enquired, “getting where?”
While Trump’s polarizing moves are often embraced by his supporters, a surprising number haven’t got behind him in this instance.
Baked Alaska (Anthime Gionet), a far-right internet account and Capital riot attendee, tweeted, “I can’t believe I’m going to jail for an NFT salesman,” while conservative content creators the Hodgetwins also expressed their dismay.
“Man…when all Patriots want is hope for the future of our country and Trump hypes everybody up with a ‘BIG ANNOUNCEMENT,’ then he drops a low quality NFT collection video as the ‘announcement,’ it just pushes people away Damn,” they wrote.