Former US President Donald Trump launches $99 NFT Trading

Former US President Donald Trump launches $99 NFT Trading

Former US President Donald Trump has launched a collection of digital trading cards depicting him in various guises including a superhero, astronaut, and Nascar driver.

Mr. Trump said: “These limited edition cards feature amazing ART of my Life & Career!”. Last month, the billionaire launched his third bid for the White House.

He triggered speculation this week after saying he would make a “major announcement”.

Mr. Trump posted a promotional video on his social media platform. The clip featured an animated version of the former president in front of the Trump Tower in New York, who rips open his shirt to reveal a superhero costume emblazoned with the letter T as lasers shoot from his eyes.

Later on, Truth Social Mr. Trump said the non-fungible tokens (NFTs) were “very much like a baseball card, but hopefully much more exciting”. He added that the cards, costing $99 (£81) each, “would make a great Christmas gift”.

Buyers will also be entered into a sweepstake, with the chance of winning prizes including a gala dinner or a game of golf with Mr. Trump. NFTs have been touted as the digital answer to collectibles, but critics have warned about risks in the market.

The “one-of-a-kind” assets in the digital world can be bought and sold like any other piece of property, but have no tangible form of their own. They can be thought of as certificates of ownership for virtual or physical assets.

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