Trump once again launches NFT

adminJanuary 22, 2024

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Donald Trump needs no introduction. In addition to going all-in on the upcoming presidential race while being sued by vested interests, he has once again made waves in the digital world with his recent venture into non-fungible tokens (NFTs). Known as “Trump Digital Trading Cards,” this new series is on the Bitcoin blockchain and has already sparked discussion and debate in the cryptocurrency world.

The Trump MugShot collection will include 200 cards, according to an announcement from the Collect Trump Card Twitter account, known for promoting Trump-centric projects. The card is set to be recorded on the Bitcoin blockchain using the innovative Ordinals protocol. However, the specific sale date on Magic Eden, one of the largest NFT marketplaces, has not yet been revealed.

The Collect Trump Cards website provides further details that these 100 NFTs can only be purchased with Wrapped Ethereum. This technology facilitates the transfer of value between various blockchains, including Bitcoin and Ethereum.

No trading until December 2024

Despite the excitement over these trading cards, there was something unusual about their announcement. that much social media post The promotion included several grammatical errors and unconventional capitalization, drawing even more attention to Trump’s new venture.

Bitcoin Ordinals’ TRUMP Digital Trading Card 🟧 Bitcoin’s first Trump trading card. Read this thread ⬇️
— CollectTrumpCards (@CollectTrump) January 18, 2024

The new collectible, which won’t be available for trade until December 2024, has raised eyebrows among enthusiasts. These unique characteristics, which perhaps distance them from being considered investment tools, have ironically reduced their appeal for some potential NFT buyers. The Official Trump Card Account recently announced that collectors can get 100 “Mugshot Edition” NFTs previously issued on the Polygon blockchain with a special “ordinal number” on the Bitcoin blockchain for $99.

Adding to the exclusivity, only 200 of these unique “one of a kind” ordinals will be created.

Exclusive promotions are introduced to drive sales. The first 200 buyers to acquire 100 Trump NFTs in a single transaction will receive a special “one-for-one” inscription upon creation. Additionally, these purchasers will receive two VIP tickets to an event hosted by Trump at Mar-a-Lago.

This collection of Ordinals represents Trump’s ongoing interest in digital collectibles. Previously, last December, the MugShot Edition was launched on the Polygon network offering 100,000 NFTs.

Trump then made a significant deal selling 1,075 ETH, worth about $2.4 million at the time, according to a report by blockchain intelligence company Arkham.

The Collect Trump Card account promoted these NFTs, making it clear that they were purely for entertainment purposes. They said:

“Trump Digital Trading Cards (NFTs) were created as collectible items for personal enjoyment, not as an investment vehicle. These digital trading cards are not political and are not associated with any political campaign.”

This isn’t Trump’s first foray into the NFT space.

Trump’s involvement with digital collectibles is nothing new. In December 2022, he launched his ‘Trump Cards’ NFT collection, which included digital cards depicting him in various scenarios as a wrestling champion, basketball player and even in space. The collection has seen significant trading volume, with over $26 million in volume on OpenSea, according to which less than half of the NFTs from this latest release have currently been minted.

Following the success of the first series, Trump launched a second series in August of the same year. This collection of 47,000 tokens priced at $99 each includes limited one-to-one NFTs and autographed cards. The release was an immediate success and sold out quickly after release.

1. A great news collector! https://t.co/vrpHbxyrFG When you purchase 100 Trump digital trading cards using cryptocurrency (WETH) in the Mugshot Edition, you will also receive a One-of-One Trump digital trading card.
Your One-of-One Card is issued in Bitcoin Ordinal! 🟧
— CollectTrumpCards (@CollectTrump) January 18, 2024

Speculation regarding the ownership and management of these NFT projects has been rampant. The official Trump Trading Cards website states that CIC Digital LLC has permitted NFT INT LLC to utilize Trump’s likeness, name and image under a paid licensing agreement. Despite the rumors, the website claims that the proceeds from the sale of these NFTs are not intended for Trump’s presidential campaign.

In a recent personal financial disclosure filed with the Federal Election Commission, Trump said he earned up to $1 million from selling digital trading cards. The filing also highlighted the significant income earned from speaking engagements. Additionally, Trump is listed as holding key positions at CIC Digital LLC and CIC Ventures LLC as “Manager, President, Secretary and Treasurer.”