A metaverse signed by Trump: DTTM Operations registers the trademark TRUMP

DTTM Operations, the company that manages the intellectual property rights of Donald Trump, has filed an application for the trademark “TRUMP” for a possible launch of a metaverse, focusing on goods and services based on blockchain.

 

Summary

Metaverse and NFT: a new horizon for the TRUMP brand

The trademark application includes a range of blockchain-based products and services. Among these are access to NFT, the management of transactions in criptovalute, and software for virtual worlds. These elements suggest an interest in creating a platform in the metaverse, which could include digital collectibles with images, sounds, and videos of Donald Trump.

The metaverse represents a virtual world where users can interact beyond physical boundaries. If realized, Trump’s project could revitalize interest in tokens related to the metaverse such as Sandbox (SAND) and Decentraland (MANA), which have experienced a decline in interest since the peak of 2021.

Previous projects of Trump in the crypto world

Donald Trump has already shown interest in the crypto world by launching his memecoin TRUMP and an NFT collection. Some of these NFTs offer exclusive experiences such as access to private events with Trump.

Although the trademark application does not guarantee the launch of a product, it paves the way for new opportunities in the sector. The platform could include digital collectibles and other interactive elements related to Trump.

Conclusion

The initiative of DTTM Operations in the metaverse and NFTs could mark a new chapter for the Trump brand, combining technology and digital entertainment. It remains to be seen how and when this project will be realized, and if it will succeed in capturing the interest of the public in an increasingly competitive market. The question that remains is: will the Trump brand make a difference in the virtual world?

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Deploying smart contracts on the Ethereum blockchain

First of all, one or more developers must obviously create the smart contract by writing the appropriate lines of code, and then they must send it to the Ethereum network.

In technical terms, publishing it on the Ethereum blockchain means making all the nodes in the network receive and execute it. Once published, all instructions in it will always be executed by all nodes in exactly the same way.

Therefore, not only its publication but also the execution of instructions is irreversible once it is published on the blockchain.

Therefore, what really matters are the instructions it contains – which can be the most diverse – and how many people use it. Indeed, in order for the instructions of a smart contract to actually be executed, there must be one or more transactions that invoke them.

It is also worth remembering that these instructions generally involve the use of resources, such as data or tokens, so for them to actually be executed, all the conditions set as necessary must be met. 

Sometimes this data comes from outside, thanks to so-called oracles, while sometimes it simply comes from transactions on the blockchain.

Usually, the transaction that triggers the execution of the instructions contained in a smart contract involves the payment of a fee in ETH, and in many cases in order to actually trigger the execution also involves the payment or sending of tokens specific to the smart contract itself, or other smart contracts.

Technically, smart contracts are a type of account on the Ethereum blockchain, “controlled” by the network rather than a central entity. They can store ETH or tokens, and can also send transactions on the network autonomously.

A contract in the Solidity language would be like a kind of union of a code (the functions) and data (its state) located at a specific address on the Ethereum blockchain. Each contract contains declarations of state variables, functions, function modifiers, data structures and events.

The MiCA regulation, which came into force with the aim of uniformly regulating the cryptocurrency sector within the European Union, imposes new conditions that particularly concern:

  • – The mandatory authorization of crypto service providers
  • – The transparency of whitepapers
  • – The reserve requirement for stablecoin issuers
  • – Surveillance on systemic risks

One of the main impacts is precisely on stablecoins, like USDT, which will have to demonstrate that they have solid, transparent, and accessible reserve assets.

The platforms that wish to maintain the trading of these tokens within the European market will need to ensure that the assets are fully compliant.

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