Donald Trump fans needed only a day to purchase over 45,000 NFT trading cards.
The newly launched second collection of former US President Donald Trump's non-fungible tokens (NFTs) sold out in a flash on April 19th, netting over $4.65 million.
This 47,000-piece collection of Trump digital collectibles was priced at $99 each. According to the NFT marketplace OpenSea data, the "Trump Digital Trading Cards Series 2" collection has achieved a trading volume of 906 Ether (ETH), with a floor price of almost 0.06 ETH (around $119).
Did you know?
Want to get smarter & wealthier with crypto?
Subscribe - We publish new crypto explainer videos every week!
How to Make Passive Money with NFT? (Explained!)
It's worth noting that the Trump NFTs are based on a paid license for Trump's "name, likeness, and image." Therefore, this project is not owned or managed by either Donald J. Trump or The Trump Organization.
NFT enthusiasts who acquire 47 Digital Trading Cards or 100 cards with crypto are promised a ticket to attend a Gala Dinner with Trump in South Florida.
Based on the project's description in the FAQ section of the website, Trump's cards can be compared to traditional basketball or baseball cards.
These are personal digital collectibles or ‘trading cards’ that you can collect, accumulate, trade, etc. Think of them like traditional baseball or basketball cards but stored digitally so you never have to worry about physical damage.
Upon the launch, users were able to purchase NFTs using a credit card or Wrapped Ether (wETH). If users did not have an eligible wallet, they were suggested to create one through crypto infrastructure provider Torus. Moreover, users were required to undergo Know Your Customer (KYC) verification even if they paid with crypto.
The NFTs were minted on the Polygon blockchain, crafted by artist Clark Mitchell and digitally hand-signed by the former president.
Developers emphasize that Digital Trading Cards are not politically affiliated and are unrelated to any political campaign.
Interestingly, since the March 31st indictment of the former US President, the price of Trump's Series 1 NFTs, released in December 2022, has skyrocketed beyond its initial floor price.
The rapid sellout of Trump NFTs and their increasing value reflects the growing interest in digital collectibles, especially when they are connected to prominent public figures.