Donald Trump has launched a new collection of NFTs (non-fungible tokens), adding another series of digital collectibles to his portfolio. These NFTs, presented as trading cards, come with special incentives for select buyers.
NFTs are unique digital artworks that cannot be copied or replaced. While most NFTs are part of the Ethereum network, other blockchains have also implemented their own versions of these digital collectibles.
Donald Trump Launches New NFT Collection
Donald Trump announced a new collection of NFTs titled “NEW Digital Trading Cards — America First” in a post on X. Priced at $99 each, these NFTs offer buyers various incentives, including a gala dinner with the presidential aspirant, limited edition Trump-branded sneakers, physical trading cards, and exclusive 1-of-1 Trump NFTs.
“Buy just 15 cards and get a piece of his ‘KNOCKOUT’ Debate Suit. Buy just 75 cards or more and have a Gala Dinner with the President!” the announcement read.
The NFTs show Trump wearing boxing gloves emblazoned with his name and the American flag, as well as the suit he reportedly wore during the debate. Importantly, buyers can purchase the collection using cryptocurrency.
Read more: 7 Best NFT Marketplaces You Should Know in 2024
Trump has several other digital collectibles listed on NFTPriceFloor, a platform for discovering and analyzing NFT collections and projects in the marketplace. Among these, the Trump Digital Trading Cards are down nearly 10%, while the Trump Digital Trading Cards Series 2 has declined by almost 14%.
However, the Trump Digital Trading Cards MugShot Edition has seen a slight increase, rising 0.54% in the last 24 hours. These price movements reflect mixed reactions to Trump’s earlier NFT collections.
Historically, sales of Trump-inspired digital collectibles have surged in response to news surrounding the former president. For instance, during his arrest in April 2023, sales of these NFTs quadrupled. Similarly, his criminal indictment in March of the same year led to a significant increase in trading volume for the NFT Trading Cards.
Read more: How Can Blockchain Be Used for Voting in 2024?
The release of Trump’s latest NFT collection coincides with his presidential campaign. According to data from Polymarket, the odds currently favor Trump, showing a 50% chance compared to Kamala Harris’ 49%.
Developments leading up to the November election, now just 69 days away, may influence the performance of Trump’s “NEW Digital Trading Cards — America First” NFTs. The outcome of the election and related events could impact the demand and value of these digital collectibles.
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Lockridge Okoth
https://beincrypto.com/donald-trump-launches-new-nft-collection/
2024-08-28 08:47:38
