Bitcoin has been in the president’s private portfolio since 2014, but Donald Trump is always one to expand on a good thing, and his crypto empire just got bigger. Now, the former president is concentrating on gaming, having successfully ventured into NFTs and memecoins. In fact, the game will feature a Monopoly crypto game where players will use in-game currency on blockchain technology to build digital cities.
Key-Takeaways:
- Trump is launching a crypto playing game of Monopoly, where players would construct digital cities with the tokens.
- Trump builds upon his growing crypto portfolio with NFTs, a memecoin, and a bitcoin mining company.
- Bill Zanker, Trump’s longtime business ally, leads the development with a planned late April release.
- The venture is consistent with Trump’s pro bitcoin policy positions, such as the proposal for a U.S. strategic bitcoin reserve.
Trump’s Growing Crypto Portfolio
Its blockchain gaming venture is one of Trump’s already impressive list of crypto projects. Before this, he had launched collectible NFTs and a memecoin — FIGHT. Additionally, his sons co-own a bitcoin mining company as part of the family’s Web3 strategy. Clearly the Trump brand has identified potential with using blockchain technology beyond simple digital assets.
Bill Zanker, a longtime Trump ally, leads the development of this new gaming project. Previously, Zanker assisted Trump in starting his NFT collections, as well as similarly themed crypto ventures. In the past, their partnership was successful, as they have collaborated with other blockchain products. It indicates that Trump is ready to engage with crypto developers on hand.
Game Details and Concept
According to reports, the game, which is supposedly scheduled for release next week, is a similar sort of game to MONOPOLY GO, which is a digital edition of the classic board game. Special tokens will be given to the players to develop virtual real estate and to build digital cities. The game mechanics blend traditional gameplay with modern blockchain technology. In its broadcast, Fortune magazine has reported that the crypto game release is expected to be just around late April.
Blockchain gaming combines entertainment with possible financial incentives to players. Unlike in traditional video games where players rarely do truly own their in-game assets, blockchain games as a rule tend to let players completely own their in-game assets. Sometimes these digital items can be traded or sold on cryptocurrency marketplaces. This play-to-earn model might also be applicable in Trump’s game in Web3 gaming.
Trump’s Broader Crypto Strategy
Trump’s new pro-crypto policy stances align with his monopoly crypto game venture. If reelected, he recently proposed keeping a U.S. strategic bitcoin reserve. That is a stark transformation from where he previously stood regarding digital currencies. In addition, the Trump team has filed many trademarks for crypto-related products as well.
It is a major shift away from Republican policy positions for Trump’s embrace of cryptocurrency. Blockchain products from major political figures are difficult for them to launch unless they are also advocating for crypto policy. This dual approach raises a question of conflicts of interest. The Trump family, however, asserts they truly believe crypto will be the future.
The Future of Political Figures in Web3
Many political figures have started to hop into the space with crypto ventures, as Trump’s does. If by sides you mean the unicorn party and the hammer party, there has been a lot of interest from both sides of the political aisle in the blockchain industry. Today, more and more politicians are starting to see the power of the crypto voting fingers.
Other politicians may see it as an incentive to explore blockchain, since the former president is in an opportunity to get gaming. This space could be the legitimizer of crypto with traditional Republican voters. It also shows how the political and business mainstream is still influenced by Web3.
Trump’s arrival in the blockchain gaming space shines another light on the booming industry. More and more major celebrities and brands in the world launch crypto games and digital collectibles. This trend serves the purpose of normalizing blockchain technology for the average consumer.
Another high-profile attempt to combine blockchain with interactive entertainment, the gaming project was the other high-profile attempt. Proving that crypto gaming is viable beyond its current niche audience could be the success. In addition, it could guide Trump supporters into the world of Web3 that have never gone down the rabbit hole before.
Conclusion: Monopoly Crypto Game
Waking up with Trump’s Web3 monopoly crypto game is a tell on how Web3 is continuing to enter the mainstream culture. The president has diversified the crypto portfolio mainly through partnerships and brand leverage. Trump’s blockchain ventures are either politically inspired or solely focused on business; both of them are worth paying attention to.