Former President Trump featured in new NFT collection

Posted: 18 January 2022 7:14 pm

Following Melania and a host of celebs, Parler will sell 10,000 NFTs showcasing the “Trump legacy.”

On the heels of the release of former First Lady Melania Trump’s collection of non-fungible tokens (NFTs), Parler is launching a “Trump Legacy” NFT collection.

Last week, social media platform Parlor announced a partnership with artist Jon McNaughton to release “The Trump Legacy NFT Collection.”

The collection of NFTs highlights former President Donald Trump “in a myriad of settings that capture the essence of the Trump Presidency using symbolic imagery with serious undertones,” the company said in a press release last week.

“We’re thrilled to bring McNaughton’s Trump Legacy Collection to our Parler base and beyond,” said Parler CEO George Farmer. “His acclaimed style, creative message and digital delivery align perfectly with Parler’s goal to move squarely into Web 3.0 technologies and partnerships that further our commitment to freedom of expression.”

Trump doesn’t appear to be involved in the offering. But given the big price gains of a stock linked to his social media company, there could be investor interest in his name.

What’s offered

The images in the collection were created by Jon McNaughton, an artist known for his paintings depicting American conservative political figures and religious subjects.

Part one of the Parler “Trump Legacy” collection features 10,000 pieces of art derived from hundreds of McNaughton’s hand-painted images, minted on the Ethereum (ETH) blockchain as ERC-721 tokens.

Presales will be available to whitelist subscribers starting on January 20 for 0.10 ETH, which, at the time of this writing, is the equivalent of roughly $315. If you want to join the whitelist, applications need to be in by January 19.

The remaining tokens will be sold to the public later.

“The purpose of my painting is to communicate my ideas,” McNaughton said. “My art reflects who I am and doesn’t use nuance or shades of gray to make my point. I want future generations to know exactly how I felt during this time in our country’s history.”

Celebs move into NFT space

While Trump has yet to launch his own NFT venture, it’s likely only a matter of time. Celebs across the board have been joining the NFT art craze.

Melania launched her own platform in December 2021 to sell NFTs. In April 2021, Paris Hilton launched her own collection of NFTs that sold for $10,000 apiece.

Tampa Bay Buccaneers quarterback Tom Brady launched a set on his Autograph NFT platform, highlighting the beginning of his football career. Early last year, Twitter founder and Block CEO Jack Dorsey sold his first tweet ever as an NFT for over $2.9 million.

Trump’s popularity is still high

Former President Donal Trump has been taking up less of the spotlight since he left office, but his popularity seems intact, especially regarding Trump-related investments.

In October 2021, shares of the SPAC stock Digital World Acquisition Corp (DWAC) surged on news that Trump’s new media company was planning to merge with it. A special purpose acquisition company, or SPAC, is created to eventually merge with a private company to take it public.

Trump Media & Technology Group announced the deal on October 20, and over the next two days, shares of DWAC soared over 1,600% to a high of $175. The stock then fell back but climbed 20% to nearly $60 per share two weeks ago after a date had been set for the launch of the Truth Social app on the App Store.

The stock opened this morning, Tuesday, January 18, at $73.15 and reached a high of $83.80 shortly thereafter.

Trump launching his own NFT venture would likely arouse interest, but there’s been no indication that he’s ready to jump directly into the craze.

At the time of publication, Matt Miczulski did not own shares of any equity mentioned in this story.

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