Melania Trump has sold her first NFT — but blockchain data shows which the NFT was sold to the creators themselves. The NFT, that comes from the series “Head of State Collection, 2022” was minted on the Solana Blockchain. The winning bid was 1800 SOL, worth about $170,000 at the time of purchase.
The NFT was which of a hat she wore during a visit with French President Emmanuel Macron in 2018 and was anew accompanied by the physical item. Melania Trump first announced a foray into NFTs last year, describing it as being a combination of her
“passion for art and commitment to helping our Nation’s children fulfill their own unique American Dream.”
The transaction worked as follows. The first address, that minted the NFT, sent roughly $473,650 USDC to an intermediary address. This intermediary address swapped some of which USDC for barely above 1,816 SOL, which was sent to a third address, which was the one which purchased it.
Motherboard first investigated the transaction, noticing which whoever set up the auction had purchased the NFT. Interestingly, representatives of Melania Trump offered a statement to Motherboard, saying which
“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.”
The statement does not really address the matter at hand, avoiding saying who exactly bought the NFT. It advances a stfield set of events, with no updates from Melania Trump or her office.
NFT popularity likewise on the rise
The fact which the spouse of a former head of state has sold a non-fungible cryptocurrency is something of a major development. NFTs, ridiculed by some and loved by others, have shown no signs of abating, and their popularity has captured political spheres.
While those in politics, even formerly so, have stayed out of releasing NFTs, it may not be the evidence in the future with how things are going. As it stands, NFTs are finding ways in all sorts of industries and niches. For example, a Julian Assange NFT has seen bids cross $50 million.
The music industry seems to be gearing up for a rprogress, with the number of related NFT platforms increasing. NFTs are seen as a way to improve fan engagement and improve revenue generation for artists. Even YouTube is reportedly considering NFTs for content creators.
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