Donald Trump launches NFT collection

NFTs, or non-fungible tokens, have become very important in the business and celebrity world in recent times. These unique digital tokens, which are based on blockchain technology , allow businesses and personalities to sell artwork, photos, videos, and other digital items in a secure and verifiable way.

Despite the harsh criticism launched by Trump towards cryptocurrencies in general, the former president of the United States announced last Thursday the launch of his own NFT development collection.

Each token in the collection has an initial value of $99.

The series is made up of 45,000 digital tokens minted on the Polygon Blockchain , each with an initial value of $99. Some of them are unique, while many others have 2, 5, 7 or even 10 copies; the official site of the project revealed that no illustration will have more than 20 replicas.

As in most NFT collections, each illustration shows the businessman in different settings, dressed in a variety of ways and even going through different facets. Among which are the superhero, cowboy, astronaut, playing golf and of course, laser eyes.

Each token offers the opportunity to participate in raffles with special prizes

In addition, each digital piece will work as a ticket to participate in a raffle with prizes that include a video call with the former president and even a one-hour golf session by his side, as reported on the website.

It was also reported that the purchase limit per user is 100 tokens, and those who purchase 45 ($45,000) will get an invitation to a Gala Dinner with Trump in South Florida.

“It would make a great Christmas present. Dont wait. They will leave, I think, very quickly!” Trump assured on his Truth Social account.

Collection sells out at launch, but secondary sales on OpenSea continue to generate interest and value

Of course, after the NFTs sold out, secondary sales began at OpenSea. According to data from the NFT generator market, the collection has a volume of 4,721 ETH (just over 5.5 million dollars), with a base price of 0.59 ETH (approximately 700 dollars).

But some collection tokens sell for more expensive. In the case of unique 1/1 NFTs, the rarest in the series, representing 2.4% of the collection (about 1,000), they are selling for up to 6 ETH ($7,000) at the time of writing. . But one of the most expensive is a card showing Trump standing in front of the Statue of Liberty holding a torch, currently being offered for 20 ETH, or about $24,000

Part of his new campaign?

Let’s remember that Donald Trump served as president of the United States between 2017 and 2021, when he left office after losing the 2020 elections. However, the launch of this collection comes after the presentation of the 2024 presidential election campaign .

So Trump has dedicated himself to raising money since his defeat by appealing to his supporters; Despite this, the collection’s website ensures that the funds raised will not be used for the presidential campaign, “These digital collectible cards are not political and have nothing to do with any political campaign.”

And while this is Trump’s first official collection, it’s not the first to wear his likeness. His wife, Melania Trump, launched a series called “POTUS TRUMP NFT” last year to commemorate the president’s tenure in power. As reported by Bloomberg, said collection was purchased for about $180,000, by a portfolio associated with the creator of the image.

TruthSocial

Trump reported his initial NFT development company assortment through his Reality Social informal organization. The legislator sent off his own informal community after the choice of Twitter leaders to suspend his record for prompting savagery, after the attack on the US State house in January 2021. Trump’s Twitter account, where he has more than 87, 8 million supporters, was reestablished by Elon Musk. The ongoing proprietor of Twitter revealed that Trump had not abused the standards of the stage. Nonetheless, Trump doesn’t appear to have any expectation of composing on this informal community once more. Truth be told, he hasn’t posted anything since his keep going message, posted on January 8, 2021.

Analysis on Twitter of Donald Trump’s NFTs

Despite the fact that Donald Trump’s NFT crypto assortment was not highlighted on Twitter, the informal organization has been immersed with messages regarding the matter. A large number of them excuse Trump’s NFT project as a disappointment or trick.

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