Creatd surges 68% after announcing a line of Trump NFTs, including an infamous picture of the former president signing a model




  • In Politics
  • 2021-10-25 13:42:18Z
  • By Business Insider
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Getty  
  • Tech company Creatd is selling an NFT of a young Donald Trump signing a model's breast.

  • Creatd shares skyrocketed 68% Monday after announcing the launch.

  • The company is one of a handful to rally like a meme stock after Trump's entry into the SPAC world last week.

Shares of Creatd, a tech and digital content company, soared 68% Monday after announcing it would sell NFTs of former president Donald Trump.

The NFT, or non-fungible token, features "three candid images of a young Donald Trump, captured as he signs the breast of a model, surrounded by a crowd at a large formal gala," according to a Monday press release from the company. The going price for the NFT is 240 ether, the release said.

The photos come from Creatd's OG Collection, a library of thousands of photographs, illustrations, and videos from the archives of Bob Guccione, who once owned publications like Penthouse and Viva.

The company launched its first series of NFTs last month. In a blog post, Creatd founder and CEO Jeremy Frommer said the company is still in the research and development phase of digital assets. He said Creatd is selling the Trump trio on OpenSea because it's the "ebay for NFTs." The company did not immediately respond to Insider's request for further comment.

The surge in Creatd's share price is the latest in a string of other companies that have rallied like meme stocks thanks to the former president.

Last week, Trump announced his media and technology company would be going public through a SPAC called Digital World Acquisition Corp. Shares of the blank-check company soared to eye-watering heights as retail traders poured into the stock.

Phunware stock also surged as day traders noted the software developer was tapped by the 2020 Trump-Pence re-election campaign to build its app. The software company didn't say if it was involved in Trump's newly formed social media site Truth Social.

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