Donald Trump is coming up with his latest digital collecting gimmick: something akin to an NFT on the Bitcoin blockchain that effectively costs $9,900 but, unlike normal NFTs, cannot be quickly traded by its owners.
The former US president’s NFT venture announced in a post on of an ordinal – an NFT-like digital asset on the Bitcoin blockchain.
“The Very First Trump Trading Cards Officially Created the Bitcoin Blockchain!” read part of the announcement tweet thread with grammatical errors and non-standard capitalization.
The offer is apparently intended to boost sales of Trump’s most recent NFT collection. According to the post, a maximum of only 200 of these “one-to-one” ordinal numbers will be minted.
But beware: the ordinal numbers, as well as the 100 NFTs you have to buy to get it, cannot be traded by their owners until December 2024. The thread stated that this restriction is intended to limit their appeal as an “investment vehicle,” but in doing so, their appeal as NFTs is also severely denigrated.