Former first lady Melania Trump has rolled out a new series of non-fungible tokens (NFTs) under ‘The 1776 Collection.’ The NFTs feature iconic American landmarks with patriotic music before US Independence Day on July 4.
Fox News reported that the digital collection comprises six unique releases featuring prominent US landmarks like the Statue of Liberty, Mount Rushmore, and the Liberty Bell. The release of Melania’s NFTs has also sparked renewed interest in Donald Trump’s own NFT trading cards.
Trump’s New NFT Release Ahead of July 4
Melania Trump’s office has told the media house that the NFTs honor the formation and foundation of the United States. While the collection fulfills charitable endeavors, Melania Trump’s NFTs also utilize proof-of-stake blockchain protocol Solana.
Melania Trump shared her inspiration behind the collection, telling Fox News,
“Each piece provides a view into our nation’s history, culture, and patriotism. I am proud to celebrate our great nation and remain inspired by the words contained within the Declaration of Independence.”
The NFTs are priced at $50 each, and a portion of the proceeds will be donated to Fostering the Future, an initiative supporting educational opportunities and scholarships for children in the foster care community.
Previous Charity-Based NFT Collection
Last year, Melania Trump launched a collection of NFTs called “The Christmas Star,” along with the “American Christmas Collection.” These NFTs, featuring six traditional American Christmas ornaments, were released exclusively on MelaniaTrump.com, with proceeds marked for charitable causes.
However, Melania Trump’s first venture into NFTs faced controversy and accusations of wash trading. Blockchain data indicated that the NFTs from her initial collection were predominantly sold to the creators themselves.
BeInCrypto detailed that the controversy arose when an NFT of a hat she wore during a visit with French President Emmanuel Macron was sold for $170,000. The transaction involved multiple addresses and raised concerns about the legitimacy of the sales.
Donald Trump’s NFT Trading Cards Experience Surge
Following Melania Trump’s recent NFT release, Donald Trump’s own NFT trading cards gained attention. The Trump Digital Trading Cards collection had seen both sets sell out instantly.
OpenSea data reveals that the collection currently boasts a total volume of 14,222 ETH, with a floor price of 0.112 ETH. 13,991 owners hold at least one card in the collection.
Recent analytics show a surge in activity for the collection. In the past 24 hours, the volume has increased by 74% to 1.08 ETH. This resurgence in popularity comes after a period of decline in previous weeks.
On daily charts, the Trump Digital Trading Cards collection on OpenSea experienced a remarkable 300% increase. The sales volume skyrocketed from 19 ETH to an impressive 67 ETH, while the number of sales surged from 120 to 360.
However, it’s worth noting that over the past week, the collection witnessed a decline in sales, with only 100 NFTs sold, indicating a reduction of over 50% compared to previous periods.
Notably, the collection’s highest sales in a single day occurred on February 14, boasting 102 sales. The lowest number of sales in a single day was recorded on March 8, with only one sale.
The recent surge in sales suggests a renewed interest and growing popularity for Donald Trump’s NFT trading cards.
Disclaimer
In adherence to the Trust Project guidelines, BeInCrypto is committed to unbiased, transparent reporting. This news article aims to provide accurate, timely information. However, readers are advised to verify facts independently and consult with a professional before making any decisions based on this content.
Source: https://beincrypto.com/melania-trump-nft-collection-donald-trump/