0
0
News

Donald Trump Pitches Sons' 'Digital Real Estate' Project

Trump looks to onboard his Truth Social followers to 'The DeFiant Ones' crypto project.
0
0
Aug 22, 2024 • 1 min read

U.S. Presidential hopeful Donald Trump is publicizing his sons’ upcoming crypto project to followers on his Truth Social social media platform.

What’s the Scoop?

  • Digital Real Estate: Limited information is available about the DeFiant project, but in an exclusive interview with the New York Post, Eric Trump stated that it will be an “equitable” digital real estate project offering everyone access to collateral.
  • Ultimate KOL: This morning, Donald Trump posted to Truth Social that “For too long, the average American has been squeezed by the big banks and financial elites.” He advised those who want to “take a stand” to join the DeFiant Telegram channel.
  • Devs Cooking: DeFiant’s Telegram contains no additional information on the project and notes that updates and announcements will be shared via the channel in the coming days.

Bankless Take:

While it would certainly be encouraging for the state of the crypto industry to have the Trump family launch some form of tokenized real estate application, there seems to be an outsized chance this ends up looking like more of a 'metaverse' play than one pushing boundaries on real-world utility.

Not financial or tax advice. This newsletter is strictly educational and is not investment advice or a solicitation to buy or sell any assets or to make any financial decisions. This newsletter is not tax advice. Talk to your accountant. Do your own research.

Disclosure. From time-to-time I may add links in this newsletter to products I use. I may receive commission if you make a purchase through one of these links. Additionally, the Bankless writers hold crypto assets. See our investment disclosures here.

Published in Bankless

There’s a revolution in the world of money. Ethereum, Bitcoin, crypto, open finance, DeFi—a bankless revolution. And you want part of it.

Are you sure you want
to log out?
You'll lose access to your Bankless account until you log back in again. Oh and also, we'll miss you too much! 😢
Cancel
Continue
Account Light mode Log Out