Believe it or not: Sales of Trump’s superhero trading cards said to be booming
Donald Trump claims his superhero cyber trading cards are lucrative earners. Photo: Getty
Former US president Donald Trump’s new digital trading cards are reported to have sold out, with prices soaring as buyers snapped up the items despite widespread mockery.
The internet-based cartoon cards showing a photoshopped Trump in superhero poses have sold out since they were first offered to the public at a price of $US99 ($A148), according to the site where they are being hawked.
On digital resale markets, the cards have since more than doubled in price to the equivalent of more than $US200 ($A299), according to Coindesk, a website that tracks cryptocurrency assets.
Some 45,000 cards were issued as non-fungible tokens, or NFTs, meaning the digital cards are unique and stored using blockchain technology that supposedly guards against duplication, theft or forgery.
Speculators are asking as much as $US24,000 ($A35,889) for one of the cards that is considered rarer than the others, although it does not appear that anyone has actually paid that amount.
If true, the launch’s success could counter broad ridicule of Trump over what he hyped as a “MAJOR ANNOUNCEMENT!”
Who’s making the money?
Critics as well as some of Trump’s staunchest supporters expected a big political announcement to jump-start his low-energy 2024 presidential campaign.
Instead, they got what appeared to be a crypto version of previous failed Trump marketing schemes.
Like many crypto assets, there is little way to assess the veracity of the claims about the sales or prices of the Trump cards. It’s also unclear exactly who is profiting from the sales.
A disclaimer notice on the Trump announcement claims that neither Trump himself nor his company benefits, adding to the murkiness of the entire project.
It also says the launch is not tied to “any political campaign”.
The NFTs appear to be marketed by an entity dubbed NFT INT LLC, which might have licensed Trump’s name and image.
The supposedly booming sales of the Trump cards run counter to the general decline in enthusiasm for NFTs and cryptocurrency assets in general.
Crypto prices have plunged from lofty heights in recent months and have taken a new ding with the implosion of FTX.com, a once-leading firm that promised investors safe and convenient ways of trading cryptocurrencies.
-AAP