On April 18, former U.S. President Donald Trump announced a second series of digital playing card collections following the “great success” of his initial non-edible token (NFT) trading cards The first series of cards was released on April 18, 2006. Despite selling out quickly, Trump stated on Truth Social that he maintained the initial card prices for the new collection.
Trump unveiled the Series 2 NFT collection, offering the opportunity to dine at Mar-a-Lago
Trump is back with a new NFT collection featuring 47,000 digital cards minted in polygon; his first NFT collection, released in mid-December 2022, sold out within hours. The cards’ value remained strong on the secondary market and soared even after Trump’s indictment by a Manhattan grand jury.
On March 30, 2023, Trump was indictedon 34 felony counts of falsifying business recordsconcerning ostensible payments to adult film star Stormy Daniels. Trump pleaded not guilty, and his lawyers requested aspring 2024 trialon Truth Social.” Just 19 days later, Trump released his second NFT collection (26). The cards are priced at $99 each and are described as “collector items for personal enjoyment and not for investment.”
Each card features a “pre-assigned unique rarity.” Customers who purchase 47 Trump NFTs will have the opportunity to dine with the former president, and in a post on Truth Social, Trump said: “Due to the great success of my previously released digital trading cards, I am pleased to announce that once again Series 2, now available! .”He alsopointed out that despite the success of the secondary market, he kept the price of the cards constant.
“I am happy to report that despite the fact that trading cards are selling for many times the price (it’s called the market!) ), I hope people will notice that I kept the price of the trading cards the same as last time, (and) sold out almost immediately, (and) the fake news won’t notice.” I want my fans (and) supporters to make money, (and) because I want them to enjoy doing it, Trump said.” I could have raised the price higher, (and) I think it still would have sold, and more money would have come to me, but I chose not to. Am I not getting a “good guy” rating?”
According to nftpricefloor.com, the floor price for the Series 1 Trump card was about 0.17 ether on April 18, or $353.58 using the current ethereum (ETH) exchange rate. This gives the Series 1 Trump NFT a market capitalization of approximately $15.91 million, or 7,650 ether, placing the collection in 68th place among the top NFT compilations. Meanwhile, Bored Ape Yacht Club’s (BAYC) NFT collection, valued at $1.1 billion and 530,500 ether, occupies first place in terms of floor value.
Image credits: Shutterstock, Pixabay, Wiki Commons, Trump NFT Collection