Analyzing the Very Bizarre Sale of Melania Trump’s $170,000 NFT

Analyzing the Very Bizarre Sale of Melania Trump’s $170,000 NFT

2 years ago
Anonymous $jukOC22bR_

https://www.vice.com/en_us/article/m7vpx8/analyzing-the-very-bizarre-sale-of-melania-trumps-dollar170000-nft

The $170,000 purchase of an NFT collection auctioned by Melania Trump was made by the entity that originally put the NFT up for sale, according to blockchain records. 

The former First Lady got into NFTs last year, launching her own website and lining up a slate of auctions. On January 11, Trump started auctioning the "Head of State Collection, 2022" on the Solana blockchain, a package deal that paired the "iconic white millinery masterpiece worn by Mrs. Trump" (a wide-brimmed hat she wore during a 2018 visit with French President Emanuel Macron) with a watercolor of her wearing it, as well as an NFT. The opening bid, according to a press release, was "the equivalent of $250,000" denominated in SOL tokens (1,800 SOL at the time) and a "portion" of the proceeds would be used to "provide foster care children with access to computer science and technology education."