While some market participants are panicking amid the recent crash, the most fervent HODLers are buying the dip. El Salvador’s president Nayib Bukele just announced a purchase of another 410 Bitcoin for $15 million. A Nation-State Buys The Dip Bukele announced his recent purchase in a tweet moments ago, faking out some of his followers. The president – known for trading the nation’s Bitcoin from his phone – last purchased Bitcoin in December. After bagging 21 Bitcoin for $1 million,…
We’ve seen celebrities. We’ve seen athletes. Now, a former first-lady has entered the NFT game.
Recently, Melania Trump – wife of 45th US President Donald Trump –announced that she would begin releasing NFTs on MelaniaTrump.com. Partial funds raised from these collectibles will support children aging out of foster care.
Melania Trump NFTs?
The former first lady announced her upcoming collection in a statement over Twitter on Thursday. The first NFT she plans to release, Melania’s Vision, will be available from today until the end of the month. It features watercolor art by Marc-Antoine Coulon and “embodies” Melania’s blue eyes.
It also features a sound byte in which Melania encourages listeners to “look forward with inspiration, strength, and courage.”
“I am proud to announce my new NFT endeavor, which embodies my passion for the arts and ongoing commitment to children,” she states. “Through this new technology-based platform, we will provide children with computer science skills including programming and software development, to thrive after they age out of the foster community.”
Interestingly, the collectible is on sale on the Solana network for 1 SOL, which is about $180 at current prices. However, Solana and other altcoins are notoriously volatile, so its dollar-denominated price may vary from day to day. Alternatively, users can pay using their credit cards through MoonPay, powered by Parler.
Parler was terminated from Amazon’s web hosting service shortly after banning Donald Trump from various popular social media sites. Before removal, it was growing in popularity as a Twitter alternative among conservatives, including Trump.
Melania will release her next NFT in a “one-of-a-kind auction of historical importance” in 2022. It will include digital artwork, physical artwork, and a unique accessory.
Choosing Solana Over Ethereum
Traditionally, the home of the most popular NFT collections has been Ethereum. These include Cryptopunks, Bored Ape Yacht Club, and the infamous rock NFTs.
Solana provides a unique advantage due to its vast transaction scalability compared to Ethereum and other networks. Capable of processing 50 000+ TPS, network fees are far lower. Vitalik himself has admitted this is a problem plaguing Ethereum and has suggested “Rollups” as a potential scaling solution.
Despite Melania’s enthusiasm, her husband isn’t exactly a fan of the broader crypto landscape. Donald Trump has repeatedly called Bitcoin a scam and a facilitator of illicit finance.