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Trump’s Legal Woes Sparks NFT Frenzy

The arrest of former US President Donald Trump has caused a stir not just in political circles, but also in the world of non-fungible tokens (NFTs). In the hours following the news of Trump’s arrest, an NFT collection featuring the billionaire saw a surge in interest. 

Further, OpenSea, one of the leading non-fungible token (NFT) marketplaces, has noted a significant uptick in the demand for digital artwork featuring the former US President. This surge in interest makes Trump the first former President to face such consequences.

Over the last 12 hours, more than 60 individuals have bought tokens, spending around 0.5 ETH each, to obtain cryptographic images of a 76-year-old American depicted in different backgrounds.

In addition, hours ago, a buyer using the alias paraguanads. ETH paid 0.697 ETH (equivalent to about $1,333 at the time of purchase) for a card depicting Trump holding a firearm and donning an orange hat.

Despite being a vocal opponent of the cryptocurrency industry and bitcoin in particular, the former political leader of the United States released his own NFT collection towards the end of 2022. Acquiring such artworks presents an opportunity for individuals to meet Donald Trump, while those who purchase 45 NFTs could potentially enjoy a dinner with the former president.

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SuperCryptoNews is a global leading blockchain and crypto news provider, covering daily news on the latest tech and trading developments in crypto. We bring you expansive crypto news coverage especially in Asia, with a focus on Singapore, Thailand and Southeast Asia.

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