'Major' Donald Trump Announcement Sparks Hilarious Backlash: It's Just for His NFT Cards!

Former President Donald Trump's "MAJOR ANNOUNCEMENT" was released on Thursday as if it were a new NFT because it was.

After teasing on his social media site the previous day that he would have huge news, Trump announced on Truth Social that he will be producing a collection of collectible digital trading cards featuring himself.

Donald Trump Launches NFT Collections

Trump, who is a year late to the NFT boom and crash, described Non-Fungible Tokens as "quite similar to baseball cards, but hopefully much more entertaining."

NFTs, which were already linked with fraud before Trump affixed his name to them, have lost the vast bulk of their value as the cryptocurrency market suffers. Technically, the NFT market may have prompted the crypto market's decline in November 2021, as per Daily Beast.

The Trump NFTs contain crudely superimposed pictures of Donald Trump's cartoon visage on the bodies of characters such as astronauts, fighter pilots, and cowboys. Each digital card costs $99 and comes with a chance to win a Trumpian vacation as well as a chance to meet the former president.

A number of Trumpworld sources did not view the Trump NFTs as a wise choice. One of Trump's advisors described the NFT's statement as "tone deaf" and emphasized that Trump's own supporters were "attacking" him. Another Trumpworld insider described the NFT initiative as "dumb" and claimed that Thursday's policy-focused film was a better use of time.

And although blame was flying throughout Trumpworld on Thursday for the poor concept of the cards, others claimed that it was a brilliant move by Trump. A source close to Trump referred to the digital trading cards as "badass" and stated that their favorite card was the boxer NFT with a fire background.

Nevertheless, while the former president appeared thrilled about the NFTs, many of his followers turned to social media to express their disappointment with Trump's statement. Former congressional aide Daniel Bostic described the news as "a smack in the face to Trump's followers" who were "expecting a run for speaker, a vice presidential announcement, action on the J6 detainees, litigation, ANY genuine action."

Some of Trump's fans stated that the news swayed them to back Florida Governor Ron DeSantis, who has emerged as a leading rival for the 2024 Republican candidacy against Trump. DeSantis has not yet declared his candidacy for president, according to Newsweek via MSN.

After the former president previewed Thursday's revelation on Truth Social on Wednesday, many began to speculate what Trump's "big surprise" might be. Some believed he would reveal his choice of running partner or share updates about his 2024 candidacy.

Thursday, Lavern Spicer, the Republican congressional candidate for Florida's 24th district, stated that while she was a huge supporter of Donald Trump, she would not vote for him "I require more from the leading contender for President in 2024. Do not manipulate our emotions."

NFT Market

According to OpenSea statistics, more than 29,000 have been sold since Trump's declaration, yielding more than $2.8 million. If the entire collection sells out - 45,000 pieces is an unusually huge number for an NFT set, which generally has 10,000 pieces - $4.45 million will be raised.

Additionally, the developers receive 10% of any NFTs sold on secondary marketplaces like as OpenSea. NFTs are blockchain-based tokens that establish ownership of a digital asset.

They are the equivalent of a deed for digital things. The earliest NFT collections date back to 2017, but the market surged in 2018 as a tremendous wave of speculative demand drove prices to staggering heights, as per CNET via MSN.

The most renowned collection, The Bored Ape Yacht Club, debuted for around $250 and reached its price high earlier this year at $400,000 per piece. However, economic insecurity and rising interest rates have significantly diminished enthusiasm.

Last month, trading volume on OpenSea, the largest market for such products, reached $250 million, compared to $2.5 billion in May. Trump's entry into NFTs follows that of his wife Melania, but at a far less favorable moment.

Trump characterized the artwork as resembling a baseball card but, he hoped, being far more entertaining. Purchasing a Trump NFT entitles you to a chance to win a variety of prizes, including a meeting with Donald Trump at Mar-a-Lago.

Those who acquire more than 45 cards are automatically invited to a gala dinner with the former president in Florida. According to Dune statistics, 69 individuals have more than 45 NFTs in their digital wallets. The collection's organizer, NFT INT, states on its website that the funds will not be donated to Trump's 2024 presidential campaign. It appears that Trump is not directly involved with the initiative and has instead licensed his likeness.

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