Donald Trump’s First NFT Collection Sells Out For $4.5 Million

Donald Trump’s debut NFT collection is trending right now, with a trading volume that has already crossed 2100 ETH.
Donald Trump's First NFT Collection Sells Out For $4.5 Million

Less than a day after being on sale, former US President Donald Trump’s first NFT collection comparison 45,000 NFT trading cards are sold out, netting around $4.5 million. 

The trade volume for the Trump NFT collection at the time of writing, according to OpenSea, is above 2100 ETH, or roughly $2.5 million. Its floor price is around 0.197 ETH, or approximately $230. The mint price for the NFT was $99. 

“Sweepstakes” to win experiences with Trump, such as a zoom call, a dinner in Miami, or a cocktail hour at Mar-a-Lago, is automatically placed for collectors who buy one of the NFT trading cards. Rarity characteristics of the trading cards range from one-of-ones to “10, 2, 5, or 5 copies.

The NFTs feature digital images of the former president as an astronaut, race car driver, cowboy, and superhero and are described by Trump as “pertaining to my life and work.” 

Donald Trump promoted his NFT collection on his platform “GET YOUR CARDS NOW! Only $99 each! Would make a great Christmas gift. Don’t Wait. They will be gone, I believe, very quickly!” 

According to statistics from Dune Analytics, almost 13,000 users minted 3.5 tokens after the collection’s launch. Additionally, 115 people bought 45 NFTs, the bare minimum needed to secure a seat at a meal with Trump.

Seventeen others bought 100 NFTs, the maximum number authorized to be minted, according to the Trump Trading Card website. While some designs are one-of-a-kind, others are available in editions of up to 20.

One Gnosis Safe multi-signature wallet, which looks to be the wallet getting royalties from the secondary sales of the NFTs, is holding Trump 1,000 NFTs, many of which are one-of-ones. Artist Clark Mitchell, who created the Trump NFTs, will get 10% of any secondary sales.

Donald Trump has repeatedly expressed his opposition to digital assets, and in June 2021, he stated Bitcoin is a threat to the US dollar. He even went so far as to call Bitcoin a “scam.”

Ironically, last year around this time, the former first lady, Melania Trump, launched her own NFT platform and released NFTs titled ‘Melania’s vision,’ a watercolor painting of her “cobalt blue eyes”, and a 10-second audio message from her.

A few days later, in an interview with Fox Business, Trump reiterated his opposition to crypto, calling it a “very dangerous thing.” A lot of his opinions on digital assets changed, it seems.

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