NEWS

How will Truth Social deal with crypto currencies?

If you are a Trump supporter or have followed Trump’s news so far, you know that Trump is a staunch opponent of crypto currencies. But his support for his wife’s NFTs, which are recently released, has challenged much of Trump’s opposition to digital currencies.

Melania Trump NFT

Interestingly, Trump has repeatedly criticized digital currencies, but recently backed a series of NFTs released by his wife, Melania Trump. This caused a question for everyone: Has Trump changed his mind about crypto currencies, and if so, what policy will Trump pursue in Truth Social with digital currencies?

As you know, his rivals, Jack Dorsey on Twitter and Mark Zuckerberg on Facebook, have always been fans of digital currencies, and even recently Facebook has entered the realm of Metaverse and even changed his holding company name to Meta. As you know, Jack Dorsey has always had different opinions about digital currencies, especially bitcoin, and all of them have been positive about this marketing.

Now, how will Truth Social deal with crypto currencies so that it does not lag behind its competitors? This is a question that we will have to wait for until Truth Social release.

Regarding the news of Trump’s support for his wife’s NFTs, we have to say that Parler Network, which is a trustworthy social network of the Conservatives and the Republican Party, has announced that Trump will soon release his wife’s NFTs.

What are the characteristics of the these NFTs?

These NFTs are images created by John McNaughton, an artist who paints American conservative political figures, especially Republicans, and well-known Christian images and paintings.

The first part of the NFTs, called Trump Legacy, will be released and there are about ten thousand art photos created by this artist. This series of NFT tokens will be made in the form of Ethereum Network, on Erc721.

However, Trump has announced that part of the proceeds of these NFTs sale will be donated to charity. But the news has also been protested on Twitter by the opposition. Because Trump even considered digital currencies very dangerous, but now he favors digital currencies.

You can also read: Breaking News: Truth Social will be launched on February 21st. and What is Trump’s Truth Social Alterative to Twitter?

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