New NFT with Donald Trump photos drives the company’s shares up 69 percent

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""Donald Trump"" – Google News

Shares in digital content company Creatd rose as much as 69 percent after it announced it would sell Donald Trump’s NFTs.

The non-fungible token contains “three sincere pictures of a young Donald Trump who was captured signing a model’s chest surrounded by a crowd at a grand formal gala,” said Creatd.

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The price for the NFT is 240 Ethereum, the popular cryptocurrency, and the photos are from the archives of the late photographer Bob Guccione, who founded Penthouse in 1965.

The NFT contains the high-resolution original JPG of the photo as well as a large-format 1/1 print of the photo in a gold-plated frame.

“They say a picture is worth a thousand words and the Trump photos are no exception,” said Creatd founder Jeremy Frommer

“We waited a long time to sell these priceless images that were taken decades before they acquired the meaning and symbolism they have today.”

An NFT is a digital asset that represents real-world objects such as art, music, and videos that are bought and sold online, mostly using cryptocurrency.

They are becoming increasingly popular for buying and selling digital artwork, generating $ 2.5 billion in revenue in the first half of 2021 alone.

The NFT is a unique file that lives on a blockchain and is able to verify ownership of this digital work of art.

In March, artist Mike Winkelmann, aka Beeple, sold an NFT for a record $ 69.3 million.

Last week, Digital World Acquisition Corp’s shares rose 800 percent when it was announced that the company was merging with Trump Media & Technology Group to create a social media platform called Truth Social.

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