1 year ago
The Donald Trump-branded NFT trading paper task has travel nether occurrence aft it was revealed that the task minted 1000 NFTs internally — 68 of which were considered the rarest successful the collection.
The uncommon NFTs included 47 of 179 1/1 ‘s and 21 of 70 autographed NFTs.
Super Rare NFTs minted internally
On-chain analyst, OKHotshot (@NFTherder) reported connected Dec. 17 that 1000 Donald Trump NFT trading cards were minted and past sent to a Gnosis vault wallet (Gnosis safe) created connected Dec. 14 — conscionable a time earlier the task launched.
2/ The vault wallet, a gnosis safe, was created connected 2022-12-14. A time earlier the DT nft launch
On motorboat time a DT backing wallet sent matic to a DT admin wallet. Which past minted 1k nfts to the gnosis safe: 0xfb65415Ca83B69DA9bC56B4C9C2334fa402baCd7 pic.twitter.com/QLvIcA5p6X
— OKHotshot (@NFTherder) December 17, 2022
OKHotshot claimed that a full of 26% of the 1/1 NFTs and 28% of the autographed NFTs were minted and sent to the Gnosis safe. These highly uncommon NFT traits are recovered successful conscionable 0.40% and 0.16% of each cards respectively. The Gnosis harmless holdings tin beryllium reviewed connected Opensea.
The internally minted 1000 NFTs tin beryllium accounted for successful the FAQs of the authoritative website, which states:
“Only 45,000 Trump Digital Trading Cards volition beryllium created successful this archetypal series. 44,000 of them volition beryllium made disposable for sale”
However, it was not stated explicitly that implicit 25% of some the rarest trait NFTs would beryllium internally minted and sent to — what seems to beryllium — a team-owned Gnosis safe.
Extra outline connected however they minted the archetypal 1000 Donald Trump nfts to the gnosis safe. * buyers had a strict bounds of a 100 max nft per purchaser/household. pic.twitter.com/akwFJMxWyG
— OKHotshot (@NFTherder) December 19, 2022
Donald Trump does not ain the project
The Donald Trump NFT task is not owned by Donald Trump but alternatively owned by NFT International LLC., arsenic stated successful the authoritative website’s footnotes:
“NFT INT LLC is not owned, managed oregon controlled by Donald J. Trump, The Trump Organization, CIC Digital LLC oregon immoderate of their respective principals oregon affiliates. NFT INT LLC uses Donald J. Trump’s name, likeness and representation nether paid licence from CIC Digital LLC, which licence whitethorn beryllium terminated oregon revoked according to its terms.”
However, ownership of the task is obfuscated successful the authoritative website’s connection connected the landing leafage that states:
“For the archetypal clip ever, cod your ain uncommon integer collectible Trading Card by President Trump.”
Furthermore, Trump’s station connected Truth Social connected Dec. 15 — anterior to the motorboat — added further ambiguity to the matter:
Design copywriting issues
Claims that the Donald Trump NFT trading cards designs were taken from Shutterstock and different images person been circulating connected Twitter.
Matthew Sheffield, National Correspondent astatine The Young Turks integer media, created a thread connected Dec. 16 revealing respective alleged examples of banal images utilized for the Donald Trump NFT trading paper designs.
It appears that Donald Trump's NFT representation of himself arsenic a cowboy comes from an Amazon representation that was somewhat altered. https://t.co/B0b2SUSbX9 pic.twitter.com/OA8L2rHw4J
— Matthew Sheffield (@mattsheffield) December 16, 2022
Centralized and stored off-chain
OKHotshot besides identified that each metadata and artwork was being stored off-chain. This means that anyone with entree to that retention and domain has the quality to alteration the properties and artwork without revealing the changes connected the blockchain for idiosyncratic verification.
4/ Looking further we find that each metadata and artwork are centrally stored off-chain. Ppl that person entree to the domain/storage tin alteration properties and artwork without being capable to verify this connected the blockchain pic.twitter.com/mEQIegMuf1
— OKHotshot (@NFTherder) December 17, 2022
The station Donald Trump NFTs nether occurrence for interior minting, plan plagiarism appeared archetypal connected CryptoSlate.
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