Who convinced Donald Trump that Trump NFTs were a good idea?
, 2022-12-15 12:02:38,
So, on Thursday, the former president of the United States — a guy who two years ago oversaw the vast power of the American government, a man who at one time could command armies and navies as he saw fit — announced that he was getting into the NFT game.
There are … just a few problems.
The first is that those NFT creators weren’t vacuuming up cash but crypto — that is, digital currency that is only loosely tethered to the actual economy. A lot of those hundreds-of-thousands-of-dollars sales were in currencies that have since lost a lot of value, making them, say, thousands-of-dollars sales.
The second is that people were paying lots of money for NFTs. Crypto went through a boom in 2021 that helped power the NFT market. By January, there were more than 322,000 sales of collectible NFTs a week, generating hundreds of millions of dollars. But by September, trading volume had
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