Published on: 16/12/2022
Former US president Donald Trump announces Collect Trump Card NFTs
Former United States president Donald Trump announced the release of his limited edition NFTs on Thursday.
Called the Donald Trump Digital Trading Card collection, the cards feature himself as a superhero, cowboy, astronaut, NASCAR driver and more. In a statement on his Truth Social account, Trump said these NFTs were dedicated to his supporters. The former president had said three years ago that he was not a fan of Bitcoin and other cryptocurrencies.
“[It] would make a great Christmas gift. Don’t Wait. They will be gone, I believe, very quickly!” Trump said in a statement on his Truth Social account.
“feature some of the really incredible artwork pertaining to my life and my career.”
Donald Trump, 45th president of the United States
Each NFT allows its owner to participate in the Official Donald Trump NFT Collection Sweepstakes. It comes with prizes like signed memorabilia, a golf game with Trump at one of his golf courses, entry to dating events and many more. Buying 45 of these digital cards allows the holder to attend a gala dinner with Trump in South Florida.
Only legal citizens of the 50 states and the District of Columbia who are at least 18 years old can join the sweepstakes.
There will be 45,000 NFTs available for purchase at $99 during the Sweepstakes period. These cards were created by artist Clark Mitchell and will be minted on the Polygon network.
People can buy Trump’s NFT cards on its official website collecttrumpcards.com. Non-crypto enthusiasts can also purchase these NFTs, but they will need an email to create a wallet to store these digital collectibles. Crypto users can connect their Metamask wallet to have the NFT sent to them following the purchase.
Trump fans can purchase the NFTs using credit cards or Ethereum (ETH). The cards will be sent to the buyer’s wallet alongside the Sweepstakes code once the payment is successful.
Trump NFTs draw criticism, sales in decline
Trump’s NFT cards have drawn criticism on social media. So far, the demand for his NFTs is weaker than his recent poll numbers for his 2024 presidential campaign.
Although some of his fans are interested in the cards, his supporters have expressed disappointment regarding the announcement. The recent 97 percent drop in NFT transaction volume makes the cards hard to sell, despite the prize incentives. While there are some purchases, investors and collectors have already put their trading cards back on the market.
“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.”
Chad Prather, comedian and political commentator
One of the cards featuring Trump wearing a superhero outfit was originally sold for 0.095 Ether, equal to $120. By midday Thursday, the value dropped to 0.0565 Ether or around $71.89.
After Trump announced his NFT collection, shares of Digital World Acquisition Corp (DWAC) were down by around seven percent. DWAC had entered a proposed merger deal with Trump’s social media company.
A year ago, the NFT market was valued at around $23 billion, higher than CarMax or Take-Two Interactive Software. According to CoinMarketCap, it sits at $2.4 billion. Within the last 24 hours, it reportedly has lost almost eight percent of its value.
With 45,000 of these NFTs being created and available for purchase, Trump and Co. earn a 10 percent share from every resale.