Trump's Trading Card Grift Is Worse Than You Think

Ultimately, an NFT is just a small payload, typically a URL. I'm always curious that no one talks about what happens if that website goes down or someone loses control over that domain.

I see two interesting things about this particular NFT release:

1. Trump sure does some scammy things for someone so supposedly wealthy. Would you, as an alleged billionaire, put your name behind something as cheesy as this fora (maybe) a few million dollars? It's claimed tens of thousands have been sold. It's not clear to who (eg Trump himself may have "bought" many to prop up the market ie standard crypto shady nonsense); and

2. The timing. Trump announced his candidacy for president last month. He's never stopped fundraising since leaving office. As a private citizen you can do pretty much whatever you want to with that money and it's clear he's used it as a slush fund for personal expenses. But that changes the second you're a candidate for something. Now campaign fundraising falls under a different legal set of restrictions. This really is more evidence of someone who is cash-strapped.

The art itself is particularly bad, like embarrassingly so. I'd be really curious to know how many genuine sales there actually are.

I remain as convinced as ever that NFTs will never be mainstream. But luckily it seems that the parties involved with this shitshow are probably not concerned about that aspect.

" If any buyer decides to sell their Trump card in a secondary market, they don’t get all the proceeds. The fine print reveals that 10% of every secondary market sales goes right back to Trump and his fellow grifters."

I'm so sick of hearing about Trump, but unfortunately both he and his opponents feel it's best to keep him in the news as much as possible.

Does the video announcing this mess seem really weird to anyone else?

If i didn't know better i'd say the video was made under duress, at the very least to unwillingly fulfil an obligation.

AOC also sells a ton of overpriced merch to raise cash, so it's not unheard of.

This is where I stopped reading. The author clearly knows nothing about NFTs. Being able to earn money from secondary sales is one of the innovations of NFTs and is very common.

So he's doing an NFT grift. It's a spectacle. We all learned in 2016, or should have, that he's completely shameless and every scandal pumps up his base. Duh. This keeps him in the spotlight, pulling in cash without attracting the attention of the FEC. The details are irrelevant, except the salacious ones -- "no news is bad news."