Melania Trump to release a NEW NFT collection featuring her husband’s ‘iconic’ office moments for President’s Day
- The former first lady announced the POTUS NFT collection on Thursday.
- It includes 10,000 items commemorating moments of her husband’s presidency.
- Each will cost $50 and will go on sale February 21, President’s Day.
- This follows the controversy surrounding the $170,000 NFT sale next month.
- Cryptocurrency sleuths said the online payment trail suggests that Trump or the creators of the project paid for the item themselves.
Melania Trump is launching another line of digital art in the form of NFTs – or non-fungible tokens – this time to commemorate what she called her husband’s “iconic” moments in office.
The former first lady announced the release of the “POTUS NFT Collection” on Thursday.
It came shortly after cryptocurrency sleuths raised questions about her latest auction.
They traced the cryptocurrency used to pay for the $270,000 lot, which included artwork and a hat worn by the first lady, to the address where the items were sold, suggesting either Trump or the creator of the project paid for the bid.
The new line will focus on moments such as former President Donald Trump’s visit to Mount Rushmore on July 4, 2020, Christmas at the White House, and Air Force One.
Approximately 10,000 items with 10 different designs will be on sale for $50 each. It will bring in a cool half a million dollars if they are all sold.
The new NFT range will include Trump’s visit to Mount Rushmore on July 4, 2020. They will sell for $50 each, but buyers won’t know what they’ll look like beforehand.
The former first lady entered the NFT market with her first offering in December.
But buyers won’t be able to see what they’re getting until it’s disclosed after purchase.
“I’m proud to be expanding my NFT platform and I’m honored to be able to learn about important moments in our nation’s history,” Trump said in a statement.
“I look forward to collaborating with others to offer truly special, authentic pieces of US history.”
Trump provided “creative direction for the collection,” according to a statement from her office.
The collection will use the Solana blockchain protocol, with right-wing social network Parler “powering the platform,” the post said.
It will be released on February 21, President’s Day.
The former first lady entered the NFT world last December.
She launched a website and list of auctions for the sale of blockchain-related digital content items, identifying the buyer as the owner of the artwork.
Last month, her website reported that a bid of around $170,000 won her first bid in the 2022 head of state collection – a package that included a hat worn during the French president’s 2018 state visit to the White House, watercolor her wearing and NFT pictures.
It was bought for 1800 SOL, a type of cryptocurrency. And the drop in its price meant that sales missed their target by about $80,000.
Last month, former first lady Melania Trump auctioned off a hat she wore during the 2018 state visit of French President Emmanuel Macron and his wife Brigitte (saw her with Trump) as well as NFTs and watercolors. It was sold for 1800 SOL or about $170,000.
However, Internet sleuths tracked down the winning bidder’s payment and discovered that it was funded by cryptocurrencies obtained from a wallet owned by the seller.
Trump’s website released the address of the wallet that won the bet, allowing internet experts to use blockchain transaction transparency to trace where the payment came from.
The analysis, first published by MotherBoard, showed that the address that made the bid was previously funded in the amount of 1,800 SOL from another address, which in turn was funded from an address that was associated with the creator of the NFT.
After the auction, the NFT creator sent 1800 SOL to the intermediary.
“In other words, NFT winner Melania Trump received money from none other than the creator of the NFT itself, and the address associated with the creator of the NFT returned the money,” he concluded.
Trump’s office said the deal was for an outside buyer.
“The nature of the Blockchain protocol is completely transparent,” her office said in a statement.
“Accordingly, the public can view every transaction on the blockchain. The transaction was conducted on behalf of a third party buyer.”
One reason could be that the buyer is not a cryptocurrency user and instead paid in dollars, which then needed to be converted into SOL.
Another explanation could be that this was an attempt to strengthen the price when there was little interest.