Trump Media Plans for “Token Utility” and Wallet Digital Lone to streaming Service

The media company publicly marketed by President Donald Trump is studying the launch of a “utility token” and “digital portfolio”, according to a letter The Chief Executive Officer and President of the Company, Devin Nunes, sent to the shareholders on Tuesday. On Wednesday, at the annual shareholders’ meeting for Trump Media & Technology Group (TMTG), Nunes wrote about the company’s expansion of products for “North -American Patriotics”, including plans for his streaming Truth+.

“As part of a reward program, we are exploring the introduction of a utility testimony within a real digital portfolio that can initially be used to pay the costs of truth+ subscription and which are later applied to other products and services in the true ecosphere,” he said.

Although Nunes did not specify if the “utility token” was a cryptocurrency or if the “digital portfolio” was based on blockchain, the terms are common in the crypt industry. Utility sheets are cryptocurrencies that developers intend to use out of only speculation, while digital portfolios are used to contain and exchange tiles.

Trump Media did not respond immediately to a comment request asking for more details about his truth+.

TMTG is a contributed company that operates Truth Social, a social network application that is an X clone, formerly known as Twitter. Trump helped finance the platform after several social media sites, including Twitter, struck him to spread misinformation and violate his terms of service.

In March 2024, the company that had social TRUTH, TMTG, became public and soon achieved a market capitalization of almost $ 8 billionAlthough their income was important compared to companies valued in a similar way. The firm is worth $ 5.5 billion, from Wednesday evening.

In January, TMTG announced that Truth.fi was launching, his own vertical fintech that he plans to invest part of his troops in Bitcoin and other cryptocurrencies. Also recently announced His intentions to launch his own crypt or ETF bag funds, in collaboration with Crypto Exchange Crypto.com.

TRUTH.FI and potentially TRUTH+”Token Utility” are just two Trump family growth products Empire Crypto. There are NFTS, Memecoins, a decentralized financial request called World Liberty Financial, a Stablecoin, a Bitcoin miner business, and a planned Trump’s topic of Trump topics video game.

The Flurry of Crypto Ventures occurs in the middle of the simultaneous regulatory agenda of the Trump administration. Since the 47th President took office, he has authorized the creation of a Bitcoin strategic reserve and digital assets, invited the crypt industry elite to the White House, promoted by Stablecoin law and chaired Crypt Research Units. federal government.

This story originally presented to Fortune.com

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