Read details about the Trump NFT venture details below. Hours after the former president presented a deck of digital trading cards that baffled and exasperated his own campaign staffers and were roundly derided by some of his most fervent supporters, his allies are distancing themselves from his latest business venture.
Trump’s sudden declaration follows several high-profile gaffes since he announced his 2024 presidential bid last month and his associates are worried that he is not ready for another campaign because of it.
Sources close to the situation say that Trump was approached by entrepreneur Bill Zanker, with whom he has done business before (including co-authoring a self-help book on Trump’s business transactions in 2008), to start a digital trading card collection. According to sources, Trump and Zanker met before he entered the 2024 GOP presidential primary, so many of his advisors and aides didn’t know about it.
Even Trump loyalists who had been apprised about the idea weeks ago were stunned by its ridicule on Thursday
Former White House chief strategist Steve Bannon is among many baffled by the decision, and he expressed his confusion this week on an edition of his “War Room” podcast, saying that whoever convinced Trump to enter the digital token business “needs to be fired.” Even though Bannon refrained from openly mocking Trump he seemed perplexed by the ex-choice. president’s
Bannon stated, “I can’t do this anymore,” in response to Trump’s Thursday video that featured images of some of the digital collectibles, including Trump as a cowboy, an astronaut and a superhero. The 45th president’s present and former advisors all agreed that the commercial deal was a bad idea and beneath him. Political aides were still getting calls and emails from donors on Friday morning as Trump addressed an Orthodox Jewish gathering at his Miami golf property, according to sources familiar with the situation.
As reported by CNN, an outside consultant said that when asked why the former president was getting engaged with digital collectibles – or non-fungible tokens (NFTs) at the start of his 2024 presidential campaign, a senior Trump aide voiced confusion and irritation about the effort. The advisor, who requested anonymity, revealed the details of the discussion.
According to this source, Trump’s “boy-who-cries-wolf status” was achieved on Wednesday when he teased a “big announcement” on his Truth Social site, which turned out to be the release of his digital trading card collection.
“Websites selling the trading cards for $99 claim they aren’t associated with his 2024 campaign and aren’t even official campaign paraphernalia. As it turns out, the NFTs are just another addition to Trump’s corporate empire. As worries about the viability of his third presidential campaign mount, another Trump ally has speculated that the former president is trying to “protect his brand.”
Even before potential GOP rivals join the primary field next year, Trump’s slow campaign launch, combined with two recent scandals involving a dinner at Mar-a-Lago with White supremacist Nick Fuentes and his suggestion that the US Constitution be terminated so he can be reinstalled as president, appears to have weakened his position as the presumed front-runner. Numerous surveys released this week demonstrated rising demand among Republican voters for an alternative presidential contender in 2024, with Florida Governor Ron DeSantis receiving considerable support as he mulls a prospective run.
Trump NFT Venture Statement seems to have Cast doubt on his entire strategy rather than Resurrecting his Campaign
Trump’s declaration was made on the same day that his team published the first of a series of policy videos focused on “free speech” in an effort to refocus Trump’s lagging campaign. Trump, appearing in the video as a serious and on-message representative of his campaign, promised conservative voters that he would go after Big Tech if he were elected president in 2024. However, the NFT video release, which depicted Trump as a cartoon superman blasting lasers out of his eyes, overshadowed the effort to recalibrate the president.
After the launch, Donald Trump was shown online criticism of his pals and fans according to a person who spoke with Trump. According to yet another Trump insider, the outgoing president was pleased with the outcome. He made this choice “with his business hat on, not his political hat,” reports said. That’s the case and so the mission was accomplished.
Before the NFT initiative went online, Trump was urged to hold off by allies who were concerned the change might detract from his 2024 reelection bid. But the former president went through with it, releasing the news only hours before his campaign made its first policy-related announcement, in which Trump detailed the “free speech” changes he would pursue if elected to a nonconsecutive second term in office.
The former president reportedly made seven figures in the first 24 hours after launching his first NFT which he considers a success. Trump’s political campaign will not receive any of the proceeds from the sale of Trump digital trading cards, according to the site selling the cards. The Trump campaign and the president himself have been mute in the face of widespread criticism of the NFT launch.
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