A limited-edition NFTs rocked the internet which depicted Melania’s vision. It was an NFT of Melania Trump which was a part of the Trump project. In this post, we will cover everything related to Melania Trump NFT.
The auction follows the sale in December of a group of limited-edition NFTs made of a watercolor of Trump’s eyes, also by Coulon and titled “Melania’s Vision,” which sold for $150 apiece. And, it will be followed, according to the original announcement, by more such presumably Trump-inspired NFTs.
We will discuss more Melania Trump NFT. What did Melania say about NFTs and why Solana’s dissociation from the Trump project? How did it affect them?
So, without wasting time, let’s start.
Melania Trump NFT
A series of blockchain transactions show that the cryptocurrency used to purchase Melania Trump’s non-fungible token came from a wallet that belongs to the entity that originally listed the project for sale.
In a statement, the Office of Melania Trump said, “The nature of Blockchain protocol is entirely transparent. Accordingly, the public can view each transaction on the Blockchain. The transaction was facilitated on behalf of a third-party buyer.”
Trump listed the winner of the auction on her website, along with the bid history that shows the NFT sold for 1,800 SOL (now worth about $185,000) three weeks ago. The collection, titled “Head Of State,” was one of many planned auctions Trump said she would release at “regular intervals” when she announced the launch of her NFT venture in December.
Transactions reviewed by Bloomberg News show that on Jan. 23, the digital wallet listed as the creator of Trump’s NFT transferred 372,657 USDC, a stable coin pegged to the U.S. dollar, to a second wallet that later sent 1,800 SOL to a third address. That third one is listed as the winner of the auction on Trump’s website.
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Melania Trump NFT Auction
The Head of State Collection has been previewing on Melania Trump’s website, with the online-only auction due to commence on January 11 and run through to January 25. The opening bid has been set at $250,000, with initial and subsequent bids accepted using the SOL cryptocurrency.
While there are possibilities to make money with NFT, Melania has stated that a ‘portion of the proceeds will be used to provide scholarships for individuals in the foster care community.
The winner of the auction will receive a personalized letter from Melania, which will accompany the hat and the watercolor on paper painting. The NFT will be minted on the Solana blockchain.
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Solana Disassociate Themselves From Melania Trump NFT Project
A representative of Solana spoke to disassociate the blockchain from any political bias after Melania Trump first announced her use of the Solana platform. The representative described Melania’s choice to use Solana as ‘completely organic’ and confirmed that the former First Lady’s project was not part of any Solana-led initiative.
Indeed, crypto experts have also confirmed that Melania or any other politically-associated entity doesn’t require permission to build on a particular NFT platform. Once you know how to make an NFT, it is a relatively simple process that most people can complete.
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Here we conclude our post on Melania Trump NFT. We have discussed the Melania Trump auction and how the winners were announced. Solana also got hit by this project because of the recent ban of Trump from social media platforms.
Keep exploring our website to know more about NFTs.
Frequently Asked Questions
Q1. What Are NFT Prices?
The average sale price of an NFT is now below $2,000, according to the market tracker Non-Fungible. That’s down from over $6,800 in January.
Q2. Is It Profitable To Buy NFT?
Here’s how they do it. The average monthly trading volumes of NFTs jumped from $64 million in the first half of 2021 to more than $750 million in the second half. Now the NFT space is a $41 billion industry with thousands being traded on a daily basis.
Q3. Are NFTs Losing Value?
The average NFT price fell from $6800 in January to $2000. Secondary sales (all subsequent resales of the work after the first purchase) dropped to 7,900 per day, down from a January peak of 38,000 per day, down from an all-time high of 103,765 per day last September.