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Student Group Selling NFTs of Trump Tweets Will Donate Sales To “Charities He Hates”

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  • Several students known as Strategic Meme Group are selling over 46,000 tweets from former President Donald Trump as NFTs in a bid to reclaim some of his most controversial messages. 
  • The students said 100% of the sales will go “to charities [Trump] hates,” including organizations that benefit communities the one-term president targeted on Twitter. For example, sales from Trump’s “ChinaVirus” tweets will go to charities such as the Asian Pacific Fund.
  • “As an [Asian and Pacific Islander] person myself, and also our founders Jason Yu and Theodore Horn… Trump’s tweets have had a negative impact on us,” Jackie Ni, Chief Meme Officer of SMG, told Rogue Rocket on Friday. “And so, we were just thinking, ‘Is there a way to get something good out of this? Is there a way that we can potentially benefit the community being harmed?’
  • So far, Ni said the group has raised $9,500 through the sale of 118 tweets.

Trump Tweets for Sale

A group of high school and college students have taken former President Donald Trump’s most controversial tweets and turned them into nonfungible tokens in an attempt raise funds for the groups he targeted online.

“Trump tweets for sale,” their website, drumpfs.io, reads. “100% profits to charities he hates. Environmentally friendly.”

Source: drumpfs.io

In total, 46,964 of the one-term president’s tweets are for sale on the site, including some of his more racially charged messages.

That includes tweets involving multiple uses of the term “ChinaVirus,” which has been condemned by critics as racist and a contributor to the recent uptick in violence against Asian Americans since the beginning of the coronavirus pandemic. 

But the students behind this project, known as Strategic Meme Group (SMG), are hoping to reclaim those tweets by donating their sales to specific charities, including the Asian American Legal Defense and Education Fund and the Asian Pacific Fund.

“We don’t want people to forget about the things Trump did or the things he said,” Jackie Ni, Chief Meme Officer of SMG, told Rogue Rocket on Friday. “This man is really flawed. This man is actually really hateful. If you look at his past tweets, these are not presidential. These are not human honestly.”

“As an [Asian and Pacific Islander] person myself, and also our founders Jason Yu and Theodore Horn… Trump’s tweets have had a negative impact on us,” Ni added. “And so, we were just thinking, ‘Is there a way to get something good out of this? Is there a way that we can potentially benefit the community being harmed?’”

Source: drumpfs.io

Some of the other tweet-specific charities featured on the site include the Clinton Foundation, Americares, Clean Air Task Force, the American Civil Liberties Union, the Southern Poverty Law Center, Doctors Without Borders, and the National Association for the Advancement of Colored People.

The site also lists a “general fund,” which Ni said is used for tweets that are harder to categorize. Ni said SMG will ultimately hold a vote to determine which charities those sales go toward once the fund reaches a $10,000 threshold.

How Much is a Drumpf NFT?

On the site, Trump’s tweets are divided into four categories: for sale, infamous, deleted, and flagged. 

The vast majority of his tweets are being sold for 0.0232 Ethereum, which was valued at around $81 as of Friday morning. Notably, 232 is the number of electoral college votes Trump received during the 2020 Presidential Election. 

A smaller subset of Trump’s most infamous tweets, such as covfefe,” are being sold for 4.5 Ethereum, which was just shy of $16,000 as of Friday morning.

Ni said SMG has already raised over $9,500 through the sale of 118 NFTs since launching the website on April 22. Most of the tweets are ones Ni described as ironically “funny,” as the majority of them include Trumps’s infamously-iconic catchphrases “drain the swamp,” “fake news,” etc.

“And it’s not funny that like we’re laughing with Trump,” Ni told Rogue Rocket. “It’s more like we’re laughing at him.”

Ni said he expects sales to cross the $10,000 threshold soon, and from there, the group will begin the process of determining how to best donate to the listed charities since converting from Ethereum to U.S. dollars involves multiple steps.

What is SMG?

SMG is actually the second political venture for these students. 

In 2020, Ni, Horn, and Yu started MemePac, which Ni described as a “youth, Gen Z super PAC” designed to oppose Trump. The group quickly gained significant traction on TikTok with more than 350,000 followers and was even featured in The New York Times

Ni said much of the inspiration behind Drumpfs, which is a nod to a 2016 John Oliver segment where he highlighted that one of Trump’s ancestral names is “Drumpf,” comes from the recent boom of tweets being converted into and sold as NFTs. In an interview with NowThis, Horn credited Twitter CEO Jack Dorsey’s sale of his first tweet for $2.9 million in March. 

Ni told Rogue Rocket that SMG was able to access the full catalogue of Trump’s tweets since they have all been archived by other organizations. As NFTs are still young, there’s little regulation behind them, meaning that the group isn’t barred for selling tweets they never posted themselves.

Environmentally Friendly”

The advent of NFTs, and more specifically blockchain technology in general, has concerned many environmentalists because of the sheer electrical energy that it requires.

With that concern in mind, Ni said SMG wanted to ensure that it worked to offset carbon emissions generated by its NFTs. 

“As a progressive Gen Z group, how can we advocate for a technology and use something that gives so much carbon emissions?” Ni said.

“What we’re trying to do to offset that is that we’re buying carbon offsets [through GoldStandard.org] double the amount generated,he added.

See what others are saying: (The Hill) (Now This)

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Major Chinese Company on Verge of Collapse Could Create Economic Trouble in U.S. 

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The company, Evergrande, accumulated $305 billion in debt through a business model that some have deemed “the biggest pyramid scheme [in] the world.”


Evergrande Can’t Pay Back Loans

The Chinese real estate company Evergrande, the second-largest property developer in the country, will likely be unable to meet interest payments on $84 million in offshore bonds due this week.

That amount almost seems like chump change compared to the whopping $305 billion in debt it managed to accrue since its founding in 1996, but if Evergrande defaults on its payments and collapses, it could send shockwaves through Chinese markets and economies abroad.

At its height, Evergrande was a Fortune 500 company. In addition to real estate, it also owns a theme park, a line of electric cars, a mineral extraction group, and a soccer team; however, it has struggled to maintain its real estate business model over the last several years due to government crackdowns on how much companies can take out in loans.

Evergrande Struggling to Pay Its Debts

In the 2000s, Evergrande aggressively borrowed money from banks and other lenders to buy land from local governments that were eager to sell. As the value of land rose, it kept borrowing, ultimately driving up the price of land even more. Because of that, many discredited Evergrande’s business model as “the biggest pyramid scheme the world has yet seen.”

For years, the model did not stir up any major challenges from Chinese regulators, but in 2018, President Xi Jinping began emphasizing “financial risk” as a problem that the government needed to address. Two years later, regulators imposed a system known as “three red lines,” which was meant to curb unregulated borrowing.

Under the system, the more a company owes, the less it is allowed to borrow. Notably, Evergrande crossed all three of the “red lines,” so regulators barred it from borrowing any more money.

But Evergrande would need to generate some form of income if it wanted to stay afloat. Because of that, it pre-sold more than 1.4 million apartments it hadn’t yet finished building. In other words, Evergrande stopped borrowing from official lenders and essentially started borrowing from everyday homeowners, asking them to pay major deposits before their homes were completed. Perhaps unsurprisingly, some people have now waited years for their homes to be ready.

At one point, Evergrande even became so strapped for cash that it forced its own employees into a corner, telling them to provide the company with a short-term loan or lose their bonuses. That, in turn, led to some employees needing to take out loans through banks. 

Similar to its inability to pay back banks, earlier this month, it stopped paying back the loans from its employees. 

Amid Evergrande’s uncertainty, the company’s stock value has steadily fallen over the past year from around $4 last September to just 30 cents Tuesday. 

Will This Lead to a Global Market Crisis?

There is currently no market crisis or collapse, only concerns that one could come. 

While Evergrande’s inability to repay its lenders is unsettling enough for homeowners and the company’s employees, the effects of an Evergrande default could be much more far-reaching. 

For one, if Evergrande defaults, banks and other firms will potentially be forced to lend less given the fact that the company owes large sums of money to around 300 institutions. If that happens, it could lead to a credit crunch, meaning companies would struggle to be able to borrow money at affordable rates. Some might be forced to close up shop for good. 

On top of that, the property values of existing homes in China would likely diminish. Since homes are such a valuable asset, that would likely lead to a decrease in consumer spending.

With those two effects combined, other countries would almost undoubtedly feel the financial shock. On Monday, upon the continued news that Evergrande likely can’t pay lenders, the U.S.-based Dow Jones fell 900 points. While it has recovered somewhat, other major U.S. indices like the S&P 500 and the NASDAQ saw similar pullbacks.

Many have asked if China is about to face a “Lehman Brothers moment,” a reference to the events that caused the disastrous 2008 recession. For now, the answer is uncertain, but many analysts expect it won’t.

That’s because while a full-scale crisis isn’t off the table, many believe the Chinese government will step in to bail out Evergrande, which some have called “too big to fail.”

“Rather than risk disrupting supply chains and enraging homeowners, we think the government will probably find a way to ensure Evergrande’s core business survives,” Mattie Bekink, of the Economist Intelligence Unit, told the BBC.

Still, nothing is certain. It’s possible China could refuse to bail out Evergrande to avoid what could be seen as it setting a bad precedent as it tries to rein in corporate debt. 

Chinese markets were closed Tuesday, but they will reopen Wednesday. No doubt, analysts will closely study how investors in the country react and whether or not that reaction could give the public a better idea about how the government might respond. 

See what others are saying: (BBC) (The Washington Post) (Axios)

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Philadelphia Will Pay $2M to Black Woman Beaten by Officers Whose Child Was Used in a Pro-Police Social Media Post

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The post from the National Fraternal Order of Police claimed officers found the toddler “lost” and “barefoot,” but the mother’s lawyers said police ripped the child from her vehicle during an unjust stop and caused him to lose his hearing aids. 


$2 Million Settlement

The city of Philadelphia has agreed to pay a $2 million settlement to 29-year-old Rickia Young, a Black woman who was pulled from her car and beaten by police officers last year while trying to navigate through protests spurred by the police killing of Walter Wallace Jr. 

Along with the settlement, both an officer and a sergeant have been fired in connection to their treatment of Young that night. Another 14 members of the Philadelphia Police Department are awaiting disciplinary hearings that stem from an internal investigation into the incident. 

The terminations and investigations have not satisfied Kevin Mincey, one of Young’s attorneys. He’s currently calling on District Attorney Lawrence Krasner to file criminal charges against those officers, saying, “If any citizen did something like this, there would be no question they will be charged with aggravated assault as a felony.”

As of Thursday morning, Kranser has not said whether he plans to pursue such charges. 

Police Beating of Rickia Young 

On Oct. 27, 2020, Young said she drove into West Philly to pick up her 16-year-old nephew because he lived near the epicenter of the protests that were happening that night.

On her way back home, she reportedly came across a group of protesters blocking the street while engaging in a standoff with police. The police allegedly ordered her to turn her car around, and according to her attorneys, she complied but paused at one point to avoid hitting protesters running past her car.

From there, Young’s attorneys claimed police surrounded her vehicle. They then allegedly broke her windows with batons before pulling her and her nephew out of the vehicle. According to multiple outlets, the officers began beating her, leaving her with swelling on her face and body, as well as a swollen trachea. A video of this incident later went viral online.

For hours, Young was separated from her toddler, who was removed from the car by police and lost his hearing aids at some point during the night, according to her attorneys. Even after getting her son back, for days, she was without her car. 

Ultimately, neither young nor her nephew were cited. 

Pro-Police Post Involving Young’s Son

Two days after the incident, the National Fraternal Order of Police, the country’s largest police labor union, posted an image to Facebook showing an officer holding a young, Black child.

“This child was lost during the violent riots in Philadelphia, wandering around barefoot in an area that was experiencing complete lawlessness,” The caption read. “The only thing this Philadelphia Police Officer cared about in that moment was protecting this child.”

“We are not your enemy. We are the Thin Blue Line. And WE ARE the only thing standing between Order and Anarchy.”

While claiming that she had been abused by police, Young would also go on to claim the “lost” child in the photo was that of her son.

“They’re attempting to erase what happened — police brutality — and turn it instead into police saviorism,” Riley Ross, one of Young’s attorneys said. “It’s another deep wound that they cut.”

After being informed of the background behind the photo, the National Fraternal Order of Police deleted the post with Young’s child.

Still, as Philly council member Isaiah Thomas asked in February, “Who knows how many people there are who’ve seen that original image, but never actually understood that parent was not involved in some type of looting situation as it was displayed unfortunately on social media?”

See what others are saying: (Philadelphia Inquirer) (USA Today) (ABC News)

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TikTok Works To Block “Devious Lick” Trend That Has Kids Stealing School Equipment

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Some schools have even threatened to pursue charges against those stealing or destroying school property.


What Is a Devious Lick?

TikTok is taking action against a new trend on the platform that involves users showing off what they consider impressive thefts they’ve pulled off, often at their own schools.

Users on the app refer to these thefts as “devious licks,” and some standout examples include kids stealing school projectors, street signs, microscopes, fire alarms, and pretty much anything you can imagine.

A lot of students also seem to particularly enjoy targeting school bathrooms, stealing paper towels or soap dispensers and even entire toilets or sinks, sometimes leaving bathrooms totally unusable.

Schools Respond

School officials across the country are obviously unhappy with this trend since it’s leaving their schools destroyed and low on equipment that is expensive to repair or replace.

In fact, many have issued warnings calling for the behavior to stop. Along with threats of suspension, some schools have said they will make families pay for the cost of the damage their child creates. Others even said they would get law enforcement involved.

For instance, Aubrey Chancellor, executive director of communications at North East Independent School District in San Antonio Texas, told Fox News, “It’s important for students to understand what they see on social media is not always a good idea in reality.”

“The students involved face disciplinary action and are expected to pay restitution as well. If possible, charges may be filed as well.”

With the trend generating widespread concerns, TikTok issued a statement Wednesday saying, “We are removing this content and redirecting hashtags and search results to our Community Guidelines to discourage such behavior.”

See what others are saying: (NBC News)(Desert News)(Gizmodo)

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