Trumps' NFT's have already sold out!?

[BootinUp]

[BlueGreenLady]

1. Speculation is that

The NFT, electronic trading cards were set up as a money laundering scheme to begin with. Any idea how that would work?

[edhopper]

7. Money laundering

Say Trump sells you some Classified Documents. You can't just give him $1 million with raising questions . But you buy 1,000 worthless NFT cards that cost Trump close to noting to produce (probably an Indian art farm made them for a few cents). You have just "legitimately" transferred $1M to Trump.

[Ms. Toad]

23. Clark Mitchell was the artist, according to the trading card website.

Here's how he is, in case you don't recognize the name. https://makersplace.com/clarkmitchell/gallery/created

[Ocelot II]

13. NFTs can be used for money laundering because transactions are anonymous.

NFTs, as with other blockchain securities and with traditional art sales, can potentially be used for money laundering. NFTs are often used to perform Wash Trading by creating several different wallets for one individual, generating several fictitious sales and consequently selling the respective NFT to a third party. According to a report by Chainalysis these types of wash trades are becoming increasingly popular among money launderers especially due to the largely anonymous nature of transactions on NFT marketplaces.

https://en.wikipedia.org/wiki/Non-fungible_token

[Disaffected]

19. That is certainly a possibility but,

if so, I wonder why it was done with all the publicity surrounding it and with the garish absurdity of the "product" for sale? It seems to me the same end could have been accomplished by much quieter and less bizarre means but, with Trump involved in it, who knows?

Maybe he tried to accomplish both - money laundering and publicity.

[gratuitous]

2. Proving Lincoln right yet again

You can fool some of the people all of the time.

[33taw]

3. One thing could be that it allowed foreign governments/players to funnel money to him.

[Ocelot II]

14. That's probably the real reason they were created.

[dalton99a]

20. +1

[flor-de-jasmim]

4. every business that owned the original images should sue.

[Ocelot II]

11. Original images? Some kid photoshopped TFG's head

onto pictures cribbed from Google images and not very well.

[Bobstandard]

5. Darn. I wanted to add these to my Beanie Baby investments nt

[spanone]

6. 'team' trmp wouldn't lie about that, would they?.....naw, never

[twodogsbarking]

8. Saudis bought them all.

[BootinUp]

10. I guess it was a quick 5M dollar pickup

Now I know next to nothing about NFT's, are people saying this is some kind of anonymous way to transfer money. So we just have to guess what happened? I've never been one for unsubstantiated conspiracy theories.

[Maeve]

9. I wonder how much was done in crypto?

[Initech]

12. PT Barnum was right! There really is a sucker born every minute!

[Botany]

15. I don't believe it

Either money laundering and or bulk "straw" purchases by the right wing or some foreign government.

[Roland99]

16. Da, komrade

[brush]

17. How do worthless online pixels sell out? NFTs are just another grift by trump...

and anyone else.

[TreasonousBastard]

18. We are believing Trump about Trump sales? Even if true...

and that is by no means assured, these blockchain things seem largely designed for criminal use.

[dalton99a]

21. There will be another edition - "by popular demand"

Tremendous popular demand

[Blue Owl]

22. They've been absorbed into the orb of filth

[Dorian Gray]

24. Packing up my bags for canada

bc there is NO HOPE FOR US HERE!

Oh boy.

[iemanja]

25. That's horrific

I have a question. How can a digital thing sell out? Is this just a PR stunt by Trump?

[Midnight Writer]

26. I hope he has more out in time for Christmas. They are great for stuffing virtual stockings.

[Ms. Toad]

27. At least 26 for sale on eBay at the moment -

some priced as "buy it now" below the $99 purchase price.

Seems kind of silly - assuming they are real.