Earlier this month, he appeared in court and pleaded not guilty to 34 felony counts. He has been accused of using hush money payments to cover up alleged affairs.
How do these NFTs work?
NFTs took the world by storm in 2021.
“Non-fungible” effectively means each piece of artwork is unique, or a small number of them have been created.
An example of a fungible item is a banknote – if Kate gives Gemma a tenner, Kate wouldn’t be upset if she later received a different banknote back.
Plane tickets are a good example of something that’s non-fungible. While they may look the same, each one has a different seat number, class and destination. If Kate gave Gemma a first-class ticket to Sydney, she might be upset if she was given an economy ticket back.
When it comes to Donald Trump’s NFTs, no more than 10 copies of each trading card design have been created – and some are one of a kind.
This scarcity can cause the value of digital art to increase – but given that a total of 92,000 Trump NFTs now exist, there could be downward pressure on prices.