Melania Trump is getting in on the latest crypto craze — NFTs.
An NFT is a digital asset which uses blockchain to record the ownership status of digital objects. The blockchain serves as a public ledger, allowing anyone to verify the NFT’s authenticity.
Earlier this year celebrities such as Argentine soccer star Lionel Messi and Jamaican sprint great Usain Bolt launched their own collection of NFTs.
The former first lady announced Thursday that she is selling an NFT, or a non-fungible token, titled “Melania’s Vision” — her first public endeavor since leaving office almost one year ago.
“I am proud to announce my new NFT endeavor, which embodies my passion for the arts, and will support my ongoing commitment to children through my Be Best initiative,” Trump said in a statement.
A portion of the proceeds from the Melania Trump NFTs, which will be released in regular intervals, will also support children aging out of the foster care system.
“Through this new technology-based platform, we will provide children computer science skills, including programming and software development, to thrive after they age out of the foster community,” said Melania.
The NFT is a “watercolor” by Marc-Antoine Coulon that includes an audio recording of Trump, according to a press release from her office. The former first lady’s digital art will cost approximately $150 and will be available to purchase between December 16 and December 31, 2021.
I am not a financial advisor and my comments should never be taken as financial advice. Investments come with risk, so always do your research and analysis beforehand.