Recently, former US President Donald Trump launched a collection of digital trading cards, known as non-fungible tokens (NFTs), that sold out in less than a day, earning $4.5 million in sales. Trump promised that the limited edition cards, featuring art from his life and career, would be “very much like baseball cards but hopefully much more exciting.” However, the collection of Trump digital trading cards quickly faced criticism and scrutiny as it was discovered that many of the images used in the NFTs were plagiarized from stock photo sites and Reuters photographer David Moir. Furthermore, the value of the collection dropped nearly 99% from its peak of $3.5 million on December 17, 2022, to $21,272 on January 8, 2023.
Trump’s niece, Mary Trump, also criticized the collection, calling it “clearly a scam.” It is worth noting that NFT LLC, the company that created the NFTs, stated that it is not owned, managed, or controlled by Donald J. Trump.
- 43.3% are aware of Donald Trump’s NFT trading cards
- 12.34% report the reason behind high sales as “ pump and dump”
- 55.23% agree that the Trump digital trading cards are a scam
In this report, we will highlight the main results from the survey and examine the significance of these findings.
The first poll determines the respondents’ awareness of Trump’s NFT collection. 43.3% were aware of the collection, 22.45% had heard about it, 18.25% had purchased from the collection, and 16% remained uncertain.
Upon release, all 45,000 Trump digital trading cards were sold out within 12 hours. A list of huge controversies can be seen on Twitter, where some people argue that Trump just needs the money and the NFTs are “cringe-worthy.”
When asked for the reason why the NFTs skyrocketed in price, 7.28% of respondents said that Trump in the superhero outfit drew enough attention, followed by (9.12%) due to Trump’s political supporters, (8.93%) to capitalize on his popularity to trade NFTs, (7.75%) likely a predicted increased in the value of the NFTs, and (8.52%) as he was the first US president to launch an NFT collection, people saw an opportunity in this.
Furthermore, Trump criticized NFTs and crypto, said “seemed like a scam” and “potentially a disaster waiting to happen.” When respondents were asked why Trump launched an NFT collection despite criticizing them, results revealed that 10.13% said that he is acting hypocritical, 9.87% said he only cares about the money, 9.27% said as a focus to increase his popularity, and 11.03% said as a part of his campaign for the 2024 presidential election.
Trump Digital Trading Cards Just for $99
This poll asked the respondents if they thought the Trump digital trading cards’ prices were justified. Results revealed that 24.18% said highly justified, 23.9% said somewhat, 22.22% said somewhat unjustified, 14.55% said highly unjustified, and 15.15% were undecided.
Likewise, discussions on social media stated that Trump’s digital trading cards were a form of money-making scam. The majority of our respondents answered similarly. 55.23% agreed with the statement, compared to 17.14% who did not, and 27.63% remained neutral.
Trump’s Plagiarised NFTs
Donald Trump’s collection of NFTs has faced criticism for potentially plagiarizing images from Reuters photographer David Moir and being altered from Shutterstock images. Some opinions on this issue include that plagiarism is illegal (9.33%), it is unethical (9.3%), that critics will always find something to complain about (7.94%), it is fair because it is an image of Trump (7.36%), and that Trump may have obtained consent from the photographer (7.29%).
Moreover, on January 8, 2023, the collections reached an all-time low of $21,272, nearly a 99% drop from its peak of $3.5 million on December 17, 2022.
The majority of respondents (11.75%) said that the reason for the above could be an overestimation at the start, the figures being affected by the news of the NFTs being plagiarized (9.88%), or due to the amount of hatred against Trump (8.99%). Others also suggested the crypto market is experiencing ‘winter’ (9.91%), and due to Trump’s niece stating the NFTs are likely a scam, urging the public not to buy (9.41%).
Lastly, NFT trading is no longer as hyped as before, like back in 2021-2022. Especially with the cryptocurrency exchange’s FTX collapse, which brought the crypto market to its lowest. We asked our respondents if the timing of the launch was appropriate with the chaos.
29.02% reported the timing of the release of the NFTs as highly appropriate, somewhat appropriate (23.81%), somewhat inappropriate (20.91%), highly inappropriate (11.91%), and undecided (14.35%).
|Survey Title||Public Opinion on Donald Trump’s NFT Collection|
|Duration||January 18, 2023 – January 25, 2023|
|Number of Participants||10,000|
|Demographics||Males and females, aged 21 to 99|
|Participating Countries||Afghanistan, Algeria, Angola, Argentina, Armenia, Australia, Azerbaijan, Bahrain, Bangladesh, Belarus, Benin, Bolivia,… Brazil, Brunei, Bulgaria, Burkina Faso, Cambodia, Cameroon, Canada, Chile, China, China (Hong Kong) China (Macao), China (Taiwan), Colombia, Costa Rica, Croatia, Czech Republic, Ecuador, Egypt, El Salvador, Ethiopia, Finland, France, Gambia, Georgia, Germany, Ghana, Greece, Greanada, Guatemala, Honduras, Hungary, India, Indonesia, Iraq, Ireland, Israel, Italy, Ivory Coast, Japan, Jordan, Kenya, Kuwait, Kyrgyzstan, Latvia, Lebanon, Libya, Lithuania, Malaysia, Maldives, Maluritania, Mexico, Moldova, Mongolia, Morocco, Mozambique, Myanmar [Burma], Namibia, Nepal, Nicaragua, Nigeria, Oman, Pakistan, Palestine, Panama, Peru, Philippines, Poland, Portugal, Qatar, Romania, Russia, Saudi Arabia, Serbia, Sierra Leone, Singapore, Slovakia, South Africa, South Korea, Spain, Sri Lanka, Tanzania, Thailand, Togo, Tunisia, Turkey, Turkmenistan, Uganda, Ukraine, United Arab Emirates, United Kingdom, United States, Uruguay, Uzbekistan, Venezuela, Vietnam, Yemen, Zimbabwe.|
Real Research News is the media platform that presents insights and studies of wide-range of topics. It focuses on insights gathered from its survey app.