The 45th president of the United States, Donal Jr. Trump recently launched a new collection of Non-Fungible Tokens (NFTs) on the Polygon blockchain. Media mockery and criticisms did not seem to affect Trump’s digital trading card business. The Trump Digital Trading Cards were also mocked on an episode of “Saturday Night Live.”
The former US president said he was interested in creating comics and cartoon characters on him. On December 15th, Trump released various avatars like superheroes, astronauts, and cowboys. The total collection includes 45,000 NFTs minted on the Polygon blockchain. Each NFT was available for $99. Buyers only need a Gmail account and credit card to create a crypto wallet for purchasing. If users want to buy with crypto, purchases can be made using ETH.
NFT INT LLC is the company that purchased the rights to use Trump images to create NFTs. The company clarified that the money raised after the sale of NFTs will not be used to fund Trump’s 2024 presidential elections.
The hosting site, CollectTrumpCards.com, noted, “These Digital Trading Cards are not political and have nothing to do with any political campaign. NFT INT LLC is not owned, managed or controlled by Donald J. Trump, The Trump Organization, CIC Digital LLC or any of their resective principles or affiliates.”
Within a day, the NFT collections sold out quickly.
Within a day, Trump’s digital trading card business created a lot of hype. Each NFT is sold at $99. The whole collection is worth $4.45 million since it consists of 45K digital collectibles. Surprisingly, all the NFTs were sold out like hot-dogs within 24 hours. The creators will also receive 10% on each sale of the collections.
According to the current price of 0.19 ETH if the users invested $1,000 on Trump NFT cards the profit will be $2,283.5. As the NFTs price has fallen around 0.84 ETH, the investment is still up 128.4% since minting going on.
In less than a month, the collection was above the mint price due to continuous demand from fans, collectors and investors. With a price of $99, the user can buy 10 Trump Digital Trading Cards.
Donald Trump thinks NFTs are cute
In an interview with One America News, Donald Trump said he launched his NFT collections because they are cute. Criticisms and negative comments don’t seem to affect Trump’s digital trading card business. Within a day, the NFT collections sold out quickly.
The collection was launched on December 16th. “I am looking at this stuff and I am saying, that’s sort of cute, that might sell. It set a record. It’s been incredible,” he said in an interview.
Trump added, “You know, it’s sort of comic book art when you think of it, but they showed me the art and I said, I always wanted to have a 30-inch waist.”
Nancy J. Allen is a crypto enthusiast and believes that cryptocurrencies inspire people to be their own banks and step aside from traditional monetary exchange systems. She is also intrigued by blockchain technology and its functioning.
Source: https://www.thecoinrepublic.com/2023/01/02/how-much-you-would-have-now-if-you-had-invested-1000-in-donald-trump-nfts/