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Donald Trump is strategically leveraging cryptocurrency to boost his financial gains by pushing states into lucrative agreements. He has launched his own token, reaping substantial profits, while his wife has previously initiated her DeFi project. The WLFI token operates on a partnership model, suggesting mutual token acquisitions to increase visibility and value.
Trump and NFTs
Trump perceives cryptocurrencies as viable profit opportunities. Recently, the Trump Organization signaled its intentions through new trademark applications, encompassing a wide range of products. According to the application, users in this digital ecosystem will be able to buy and wear clothing, shoes, and hats branded with TRUMP in virtual environments, indicating his entry into the metaverse.
The report prepared by GERBEN Law highlights that the application suggests the virtual world will feature a digital marketplace where users can trade digital products and cryptocurrencies. This marketplace is expected to be sanctioned by Trump, who has served as both the 45th and 47th Presidents of the United States, and will be limited to content verified through NFTs.
Cryptocurrency Trends of 2021
The buzz surrounding the metaverse and NFTs has prompted many brands to dive into cryptocurrencies. During a period when significant metaverse initiatives faded, major brands conveyed the message of keeping pace with the changing landscape. Should Trump launch his own metaverse initiative and attract the anticipated interest, the hype in this sector could be reignited.
The trademark application includes details such as access to NFTs through downloadable software, reminiscent of typical role-playing scenarios in the metaverse. The application outlines various components, including:
- Virtual reality glasses
- Virtual reality headsets
- Virtual reality controllers
- Downloadable image files of virtual clothing for trading in virtual environments
- Virtual reality glasses cases
- Recorded computer virtual reality game software
With numerous details included, it suggests that an NFT-supported metaverse initiative is likely to be announced soon.
