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New Lows?

12/16/2022

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New Lows?
​

We are taking this pre-holiday Friday off to do some holiday shopping, however we must note that the NFT world was taken by surprise yesterday when former President Trump made what was thought to be an announcement as to his 2024 running-mate, but turned out to be the announcement of a series of Digital Trading Cards showing the former president as a variety of characters.  The collection consists of 45,000 NFTs[1] that sold for $99 each, with none of the cards having more than 20 copies, and some limited to as few as one copy. The buyers are not able to select the cards they are buying as they are randomly chosen upon purchase.
Then there are the ‘deals’ that go along with Trump card purchases as a sweepstakes event.  These are taken from the promotion on the “Collecttrumpcards.com” site, with the details added by us, along with the stated value, which is only given in the detailed sweepstakes rules:
  • Really Big Prize – Gala Dinner with Donald Trump at Mar-a-Lago including: ($75)
The finest dinner prepared by a top chef
The presentation of D. Trump videos, photos, and footage
Music playing throughout the evening
A branded Trump 45 Wine glass, that you can take home
Plenty of fantastic photo opportunities
Note: The sweepstake details point out that this is a 2,000 person dinner
  • Meet & Greet with D. Trump ($0/Priceless)
             Exclusive meet & greet for cocktail hour at Mar-a-Lago with D. Trump
             A chance to chat with the former President and ask questions
Note: The sweepstake details point out that this is a 200 person group that lasts for 30 minutes
  • Individual Meeting with D. Trump ($0/Priceless)
             An individual sit down with the former President at Mar-a-Lago in his private club
             “Ask all the questions you want and get all the advice you can handle from the man who changed America”
Note: The sweepstake details point out that you get 20 minutes
  • Golf with D. Trump   ($300)
             Play for 1 hour in a foursome with D. Trump at his Palm Beach golf course
             If you are not a golfer you can trade your prize or sell it.
  • Zoom Call with D. Trump  ($0/Priceless)
             Ask all your questions over Zoom (10 Minutes)
  • Group Zoom with D. Trump  ($0/Priceless)
             Lucky winners will be able to join this exclusive group meeting
             Note: The sweepstakes details that the call will be with 2,000 participants and will last 20 minutes with no guarantee that any questions will be answered
  • Hand-Signed Memorabilia  ($100)
             Signed photographs and other memorabilia sent directly to you
  • Gold Digital Trading Cards   ($100)
             There will e a limited number of rare Gold Edition cards that are digitally signed by D. Trump with an actual video of him signing your gold edition collectible.
  • Books!    ($75)
             You could win a copy of one of D. Trump’s books, with some being signed by the former President (Specifically “Our Journey Together”)
  • But Wait there’s More!
             18 holes at the Trump International Golf Course (D. Trump will not be in attendance)   ($575)
             Dinner for two at the Trump Hotel in Las Vegas (D. Trump will not be in attendance but you will be treated as a ‘friend’ of the President)    ($250)
             Dinner for two at Mar-a-Lago (D. Trump will not be in attendance but again you will be treated as a ‘friend’ of the President)    ($250)
             Dinner for Two at Trump Tower in NY (D. Trump will not be in attendance but his office will call to make sure they know you are family)     ($250)
             Mystery Prizes of Trump Memorabilia
As part of the initial offer, if you were to purchase 45 cards, you get 45 entries into the sweepstakes shown above PLUS a guaranteed dinner with D. Trump.  We do note that according to the sweepstake rules, you can enter without having to purchase anything as long as you are over 18 and not living in Balkans, Belarus, Burma, China, Cote D’Ivoire (Ivory Coast), Cuba, Democratic Republic of Congo, Iran, Iraq, Liberia, North Korea, Russia, Sudan, Syria, Zimbabwe, and the Crimea, Luhansk and Donetsk regions of Ukraine, or a family member of the sponsor, by send a SSAE to the location shown below in Newark, NY.


[1] 1,000 will not be sold in this offering
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National Sweepstakes Company LLC - Source: Aaron D.
While the Trump campaign or the Trump organization receives nothing from the sale of these digital cards, they were licensed to NFT INC LLC, a company that shows two addresses in Park City, Utah, both in strip malls that don’t seem to show the company in any listings but have UPS stores containing rentable mailboxes.  Not that we are saying anything untoward about the company, only that they don’t seem to be well known.  That said, NFT Inc LLC has licensed what we assume are the rights to Trumps image from CIC Digital LLC, aka CIC Ventures LLC, a company set up last year that has the same address as Trump’s Golf Course and is run by Nick Luna, Trump’s former White House Trip Director, and John Marion, one of Trump’s former lawyers.
All in, this is obviously a deal sanctioned by the former President, who is the ultimate beneficiary of the licensing fees, and likely other incentives (perhaps the 1,000 NFTs that are held from the sale?), and while Trump has mentioned his dislike for the crypto world on occasion, Melania Trump’s NFT collection might have pushed him toward this release.  Based on what we can see on Opensea, the most recent sale was of card #28389, which sold for $398.88, while most of the other (many) listings in the $200 - $250 range.  We took a few samples from the collection as shown below.
It is hard to make any comment about this exciting glimpse into the mind of a former President of the United States, but it does give historians another way to illustrate what life was like during the Trump administration and could serve to remind us of how the former President views himself.  While it is certainly entertaining to see the levels of embarrassment that the former leader of the US can bring to himself while not being embarrassed himself, but it does little to help the image of the US as a leader among Democratic nations.  JOHO.
 
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https://twitter.com/i/status/1603442427473571841
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Picture
Trump NFT Collection - Card #28389
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