Donald Trump has launched his latest digital collectible gimmick: something like an NFT on the Bitcoin blockchain that actually costs $9,900 but, unlike regular NFTs, can’t be traded by its owners anytime soon.
The former US president’s NFT venture announced in a post on ordinal form – an NFT-like digital asset on the Bitcoin blockchain.
“Trump’s First Trading Cards Officially Created the Bitcoin Blockchain!” read part of the announcement’s tweet thread that contained grammatical errors and non-standard capitalization.
The offer is apparently intended to boost sales of Trump’s latest NFT collection. According to the post, at most only 200 of these “one of one” ordinals will be minted.
But buyer beware: ordinals, as well as the 100 NFTs you need to purchase to obtain them, cannot be traded by their owners until December 2024. The thread states that this limitation is intended to limit their appeal as “investment vehicles “, but in doing so, you also severely denigrate their appeal as NFTs.