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U.S. Presidential hopeful 
Donald Trump is publicizing his sons’ upcoming crypto project to followers on his Truth Social social media platform.
What’s the Scoop?
- Digital Real Estate: Limited information is available about the DeFiant project, but in an exclusive interview with the New York Post, Eric Trump stated that it will be an “equitable” digital real estate project offering everyone access to collateral.
- Ultimate KOL: This morning, Donald Trump posted to Truth Social that “For too long, the average American has been squeezed by the big banks and financial elites.” He advised those who want to “take a stand” to join the DeFiant Telegram channel.
- Devs Cooking: DeFiant’s Telegram contains no additional information on the project and notes that updates and announcements will be shared via the channel in the coming days.
Bankless Take:
While it would certainly be encouraging for the state of the crypto industry to have the Trump family launch some form of tokenized real estate application, there seems to be an outsized chance this ends up looking like more of a 'metaverse' play than one pushing boundaries on real-world utility.
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