After teasing a “major announcement” on Truth social, former President Donald Trump on Thursday unveiled a “limited edition collection” of NFT trading cards.
According to the website, 45,000 cards will be created in the series, of which 44,000 will be sold. Those who buy will also be entered into a sweepstakes where the will have the opportunity to dine with Trump, play golf with him, and join a Mar-a-Lago cocktail hour.
Trump’s entry into the NFT market via NFT INT LLC (not affiliated with Trump or the Trump organization), comes at a precarious time for the crypto-based digital art – with volume declining 97{17fd9ed690c1b52b81269a246981635feafa4e787b5d1af0bbeaebca7de63266} between January and September of this year, and the collapse of FTX – which was a major host of NFTs.
Who is behind Trump’s NFT Cards?
The company selling the cards, NFT INT L.L.C., was founded in February in Delaware. The trading card website lists a company address that corresponds to a mailbox in a UPS Store in Park City, Utah.
On the site, the company notes that it is “not owned, managed or controlled by Donald J. Trump” and says that it uses his name, likeness and image “under paid license” from a company called CIC Digital L.L.C., which was formed in April 2021 at an address that matches the Trump International Golf Club in West Palm Beach, Fla.
Public records show that a company called CIC Ventures, founded in 2021, has Nick Luna, a former assistant to Mr. Trump, and John Marion, one of the president’s lawyers, as directors.”
The Collect Trump Cards website stated that funds raised by the cards would not go directly to his presidential campaign, but instead to “NFT INT LLC.”
Steve Bannon criticizes Trump
“I can’t do this anymore. He’s one of the greatest presidents in history, but I gotta tell you: whoever–what business partner and anybody on the communications team and anybody at Mar-a-Lago – and I love the folks down there – but we’re at war. They oughta be fired today.”
Gorka and Bannon
Brutally honest comments on Trump NFTspic.twitter.com/tzd0aBllxJ
— Citizen Free Press (@CitizenFreePres) December 16, 2022
By the numbers
All 45,000 cards were sold out within just 12 hours.
The cards sold out online according to the Collect Trump Cards website and all 45,000 pieces reportedly equate to $4.45 million in cash raised.
