Former United States President Donald Trump announced the launch of his new collection of non-fungible tokens (NFTs), called the “Mugshot Edition”. The edition, with tokens selling for $99, pays tribute to Trump’s legal troubles and highlights the complex intersection between public figures, legality and the growing digital market.
The announcement of the special collection had an immediate impact on Trump’s previous collection, with the prices of these tokens dropping from 0.1 Ether (ETH) – half their initial retail value – to around 0.20 ETH, according to data from OpenSea. one of the leading NFT market platforms.
In addition to the monetary value, Trump offers a unique experience for buyers of these NFTs. Investors who purchase 47 cards from the collection or more will have the opportunity to dine with the former president at his famed Mar-a-Lago resort.
“In this edition, some cards will even be unique (the only ones in the world), while others may even be hand-signed by President Donald J. Trump. These rare cards are awarded at random.” — says the collection’s website.
The number is not arbitrary: If Trump is elected next year, he would become the 47th president of the United States. The ‘lucky’ ones will also receive a piece of the suit that Trump wore in the photo of his arrest in August.
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— CollectTrumpCards (@CollectTrump) December 12, 2023
New collection of Donald Trump NFTs
Trump’s new NFT collection will include unique cards and some hand-signed by Trump. The move marks a notable change for the former president, who openly criticized cryptocurrencies and Bitcoin during his time in office.
For example, in 2021, Trump stated that the fall of cryptocurrencies would be greater than the fall of tech companies in the 2000s.
“I want a currency called the Dollar, I don’t want all the others, and one day they could have an explosion like we’ve never seen. This will make the big growth of tech companies look like baby things. I think it’s something very dangerous.” — he said.
Last year, however, Trump launched the “Trump Digital Collectible Cards” project, featuring images of himself in a style reminiscent of baseball cards. A second series of collectibles was released in April, and both collections sold quickly.
According to official documents obtained by the watchdog Citizens for Responsibility and Ethics in Washington, Trump held $2.8 million in a cryptocurrency portfolio in early August, resulting from the sale of NFTs.
Ultimately, the former US president’s journey into the cryptocurrency market reflects the growing influence of political figures in the digital markets, which continues to attract global interest from investors and critics alike.
Source: Live Coins
Barry Siefert is an accomplished journalist and author at The Nation View. He is known for his expertise in the field of cryptocurrency, and has written extensively on the topic. With a background in finance and economics, Barry has a deep understanding of the underlying technology and market forces that drive the crypto industry.
