Your guide: What are Trump NFTs?
No matter where you stand on the political aisle, it's probably safe to say there's a market for everyone.
If you're into crypto, you've probably seen a new NFT hit the market from former President Donald Trump.
So today we are 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 abbreviation for a non-fungible token. These are digitized assets with a unique identification code that verifies ownership. This identification resides within the blockchain of the specified image, number, etc. and cannot be changed. So this is where these assets get their value from.
The Trump NFT is an NFT-like digital asset on the Bitcoin blockchain. You may have 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 appears that former President Donald Trump made somewhere between $100,000 and $1,000,000 from 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 portrayals of the former president.
When they first arrived, the properties had skyrocketed in value. not only because of the inherent appeal of this digital asset, but also because of the amount of publicity and rewards that came with it.
During their initial release, these NFTs had a chance to win certain prizes. These range from meeting Trump himself to interesting things. That's a big part of why they were so highly rated when they first hit the market.
Conclusion
In short, no matter where you stand on the aisle, the simple fact that a former president can make over $100,000 selling NFTs demonstrates the lucrative possibilities in crypto.
So the next time you're looking for a new way to earn passive income, you might want to try creating NFTs.
Happy trading.