At the end of December, Melania Trump also announced that she wanted to enter the world of NFT, the Non Fungible Token, which at the moment are doing very well among collectors of digital objects. And so the former first lady of the White House put the first of a series on sale called Head of State Collection, opened by a digital version of a watercolor of her beautiful blue eyes.
“I am proud of this project which will support my initiatives to help children,” said Trump and the online auction has started. Starting price $ 175, final price $ 185,000. But what happens in the NFT world, every transaction, takes place on an unchangeable public register that everyone can consult and so it was easy to discover that the winner of the auction of Melania Trump’s first NFT was Melania Trump. That is, the wallet of the profile that created that digital work transferred a sum to another wallet which was then transferred to a third party who placed the winning bid with that money. The mechanism even in physical auctions is not new. But if you want it is similar to what happens in certain markets where you find those guys who ask you to guess under which lid there is the money and there is always a fellow who bets and wins to prove how easy it is, then you try and lose. everything. A scam as old as the world that digital is only replicating. At this time in the NFT sector similar cases but with less famous names of the former first woman of the United States they are multiplying. Often the astronomical valuations we see are inflated simply by transferring (laundering?) The same money between two accounts of the same person. It is a shame, because there are also many artists who in good faith are approaching a sector that could make sense. We need some rules, in the meantime, move with caution.