Donald Trump drops $99 NFT trading cards as market crashes
Former US President and billionaire Donald Trump took to Truth Social on Thursday to announce the release of a series of NFTs.
The billionaire made the “Major Announcement” on a Trump media-led social platform, saying, “I’m doing my first official Donald J. Trump NFT collection right here and right now, they’re called Trump Digital Trading Cards.”
Each Trump NFT costs $99
Trump noted in the ad: “These cards contain some of the truly incredible works of art that pertain to my life and my career.” He likened his $99 NFTs to baseball cards.
Notably, every photoshop card that Trump sells comes with an accompanying offer. This includes, among other things, a dinner with the former president and a round of golf at the Trump property.
According to the official website, NFT INT, LLC owns the Trump collectibles and not the former president himself. The Business has represented that it is not owned, managed or controlled by Donald J. Trump, The Trump Organization, CIC Digital LLC or any of their respective principals or affiliates.
The company stated that it has a paid license to use Donald J. Trump’s name, likeness and image.
Melania Trump did not miss the NFT Bull Market
Trump’s release comes nearly a year after Melania Trump auctioned her digital artwork on the Solana blockchain. However, a Bloomberg news article revealed that Melania Trump’s auction was bought by the former first lady herself in a winning bid.
In response, Melania Trump’s office stated that the deal was arranged on behalf of a third-party buyer.
Netizens hope that the former president can see more unique owners of his collection than the former first lady. But Donald Trump appears to be too late to drop his NFT collection. According to an analysis by Statista, the daily market volume of NFTs on Ethereum has decreased significantly by the end of 2022 compared to 2021.
Melania Trump’s January auction was certainly released during a bull market based on market volume data. The weekly data from Nansen shows that the former president’s release came in a bear market that accelerated in Q2 this year. Sales volumes since then have not exceeded 150,000 ETH in a single week. The market peaked in February 2022 with a couple of weeks, peaking at 350,000 ETH in volume.
Sales data on OpenSea reveals that Trump Digital Trading Cards on Polygon have passed a total volume of 370 ETH over 4,000 sales at press time.
Disclaimer
BeInCrypto has reached out to the company or person involved in the story for an official statement on the latest development, but has yet to hear back.
