Even conservatives and MAGA supporters are not pleased with Trump, as they were hanging on for a more serious announcement from the former president.
Former president and crypto hater Donald Trump’s bizarre NFT collectible project has left the community baffled.
Even conservatives and avid MAGA supporters are scratching their heads, while analyst Eric Wall likened the project to a “SimpDAO.”
In what Trump called a “major announcement” via his social media platform Truth Social on Dec. 15, the former president unveiled a collection of 45,000 NFT trading cards, with the artwork depicting himself in various outfits such as golf attire, hunting gear and a superhero costume.
The Polygon-based NFTs are selling for $99 per token, and buyers are automatically entered into sweepstakes which include “1000s of prizes” such as one-on-one dinners, zoom calls and rounds of golf with Trump.
Wall, who was one of the first to explain the SimpDAO concept and started his own with EricaDAO, noted the resemblance on Twitter:
“Wait a minute. These NFTs give you access to a community. A dinner with Trump. Golfing with Trump. Zoom calls. One-on-one meetings. Autographs. These aren’t baseball cards. This is 407506a SimpDAO!”
The term “SimpDAO” was coined after social media star Irene Zhao launched IreneDAO in January. The NFT project offers fans — known as ‘Simps’ — a way to bond over their love for Irene and get benefits such as free tokens, meet and greets, phone calls etc. It has generated $3.3 million worth of secondary NFT sales to date on OpenSea alone.
Binance CEO Changpeng Zhao ignored the politics and was relatively bullish about what the project signifies, noting that the “former United States President issues NFTs. And he didn’t like crypto before. We are getting there.”
In response, Bitcoin proponent and Twitter founder Jack Dorsey asked: “getting where?.”
While Trump’s polarizing moves are often embraced by his supporters, a surprising number haven’t got behind him in this instance.
Far-right internet account and Capital riot attendee Baked Alaska (Anthime Gionet) tweeted “I can’t believe I’m going to jail for an NFT salesman,” while conservative content creators the Hodgetwins also expressed their dismay.
“Man…when all Patriots are looking for is hope for the future of our country and Trump hypes everybody up with a ‘BIG ANNOUNCEMENT,’” they wrote, adding that “then [he] drops a low quality NFT collection video as the ‘announcement’, it just pushes people away…Damn.”
The London Crypto Exchange is a publisher of financial information, not an investment adviser. We do not provide personalized or individualized investment advice. Cryptocurrencies are volatile investments and carry significant risk including the risk of permanent and total loss. Past performance is not indicative of future results. Figures and charts are correct at the time of writing or as otherwise specified. Live-tested strategies are not recommendations. Consult your financial advisor before making financial decisions.