Created on the Polygon Network, the Donald Trump NFT Collection includes hundreds of digital trading cards depicting events from Trump’s life and career. 45,000 digital cards have been sold, priced at $99 for each of his.
Donald Trump is one of those celebrities who find themselves in the spotlight wherever they go. On December 16th, the former President of the United States (POTUS) once again took center stage. This time, he’s launched his own NFT collection. The move came as a surprise to many, given Trump’s stance on cryptocurrencies.
But the man seemed to know what he was doing, and the entire collection sold out within 12 hours. But what exactly is Trump’s NFT collection, and why is it so hyped?
Donald Trump and his NFT collection
Last Thursday, Donald Trump made a big announcement, teasing his followers on Truth Social. Since Trump only recently announced his candidacy for re-election, most thought the announcement would involve something about his 2024 presidential campaign. But to everyone’s surprise, he announced that he was launching his NFT collection. For those unfamiliar, Truth Social is the social media platform Trump created and has been using ever since he was banned from Twitter in January 2021.
Created on the Polygon network, the collection includes hundreds of digital trading cards depicting events from Trump’s life and career. 45,000 digital cards have been sold, priced at $99 for each of his. Some designs are one-of-a-kind, while others can have 2, 5, 7, 10, or 20 copies of her. You cannot choose which NFTs to purchase. Automatically generated and delivered to your linked wallet.
He never used the term NFT or Non-Fungible Tokens directly, but that’s exactly what these digital cards are. NFTs are unique digital assets that act as proof of ownership on the blockchain. Last year saw a sharp rise in NFT prices and sales volumes.
Top NFT projects such as Bored Ape Yacht Club (BAYC) and Axie Infinity sold for astronomical prices. However, this year it has been more depressed. The crypto winter seems never-ending, and it is impacting the NFT market as well. NFT sales fell about 60% in the third quarter of 2022 and continue to plummet month after month. Given these circumstances, no one expected Trump to release an NFT collection, especially at this time.
His wife, former First Lady Melania Trump, launched her own NFT collection in February of this year. But although the timing is a little off, Donald Trump has followed in her footsteps. The global recession, rising interest rates, the war in Ukraine, and several other factors have depressed the market to a great extent. Still, Trump sold out all of his 45,000 NFTs in just 12 hours. This is no joke. Especially in times like these.
According to the website, the collection was developed by a company called NFT INT. The footer of the page states that NFT INT is in no way owned or controlled by Donald Trump. Instead, NFT INT licensed the use of Donald J Trump’s name, likeness and image for the project. In return, they receive his 10% of the sales, none of which will be used to fund Trump’s re-election campaign. But who knows what Trump will do with the proceeds.
Trump is known for his flamboyance, and we’ve found a way to do it here, too. For example, all holders of this NFT will be automatically enrolled in the raffle. Multiple winners will be selected, each with a different prize. Some of the prizes include his gala dinner with Trump in Florida, a cocktail hour at the Meet and Greet, his dinner for two at Trump’s Tower in New York, and Zoom his call with the former U.S. president. , and handwritten souvenirs.
The more NFTs you purchase, the more entries you can send to the raffle. Plus, purchases of 45 or more NFTs guarantee a ticket to a gala dinner in Florida. The venue for this gala dinner is said to be the historic Mar-a-Lago, a 126-room members-only club with a spa and other upscale hotel-style amenities. We bought a landmark building and turned it into a luxury resort. And now over 250 people have purchased over 45 of his NFTs from the collection.
The Trump NFT Collection is currently one of OpenSea’s most popular NFT projects. The starting price has increased from $99 to nearly $650. That’s quite a jump. So these NFTs already bring a lot of benefits to their owners in addition to perks and benefits.
Sure, Donald Trump is unpredictable, but he seems to know what he’s doing, and his forays and successes in the NFT world speak for this fact. And judging by the reaction to his first NFT collection, Trump may be spurred to launch several other such projects in the future.