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Melania Trump is releasing NFT costing one SOL each!

A non-fungible token (NFT) is a digital asset that can be a drawing, animation, piece of music, photo, or video with a blockchain-based proof of authenticity.

According to an emailed statement, Melania Trump’s first NFT, Melania’s Vision, will comprise watercolour work that “embodies Mrs. Trump’s azure blue eyes, presenting the collector with an amulet to inspire.” It will be accessible for one SOL, a cryptocurrency that operates on the Solana blockchain and is currently valued at $187, from December 16 until December 31.

Trump’s foray into the realm of NFTs comes as the digital collectibles market continues to grow in popularity, with celebrities such as Justin Bieber and the Korean boy band BTS joining the fray. Others, like Lindsay Lohan, have been involved for months. The tokens, which integrate the worlds of cryptocurrencies and blockchain with the domain of creative endeavours, are attracting the attention of both retail and professional investors who are anticipating a metaverse in which NFTs play a key role.

While certain NFTs, such as CryptoPunks and the Bored Ape Yacht Club, sell for thousands or even millions of dollars, other tokens have considerably lower prices and are famously volatile. The complexity of the physical world are already infiltrating the digital world.

Source: Twitter

According to the announcement, sales from Trump’s collection will help her Be Best programme. She plans to help foster kids learn “computer science skills, such as programming and software development, so they can succeed after they leave the foster care system.”

The NFTs will be powered by the Solana blockchain network, and may be purchased with both the SOL cryptocurrency and credit card payments through MoonPay. “An audio recording from Mrs. Trump with a message of hope” will be included in the NFT.

Trump’s NFT endeavour is only getting started: according to the statement, she expects to release fresh tokens at regular intervals starting in January 2022.

Written by IOI

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