President Trump has launched a limited edition Digital Trading Card collection of NFTs, which are digital assets representing ownership of a unique item or piece of content, and are available for purchase on his official website.
Donald J. Trump, the 45th President of the United States, has announced the launch of his official Digital Trading Card collection.
The NFTs will be minted on the Polygon network, according to Investopedia.
These limited edition NFTs feature art depicting various aspects of Trump’s life and career, and are available for purchase at collecttrumpcards.com for $99 each.
“These are just like baseball cards, but you collect them digitally, on your computer or phone,” the website explains. “All you need is an email address and a credit card to start collecting 1, 10, 20 or 100. Instantly become part of a new league of collectors.”
According to Trump’s announcement posted on Truth Social, his social media platform, the cards are similar to baseball cards but are sure to be even “much more exciting,” according to Trump, who warns those purchasing the cards as Christmas gifts that they likely to sell out quickly.
What is an NFT?
An NFT, or non-fungible token, is a type of digital asset that represents ownership of a unique item or piece of content.
NFTs are often used in the context of blockchain technology and cryptocurrency, and they are designed to be unable to be replicated or exchanged for other tokens on a one-to-one basis. This makes them distinct from other types of digital assets, such as cryptocurrencies, which are interchangeable and can be freely exchanged.
NFTs are often used to represent ownership of digital art, collectibles, and other unique items.