Technology
Trump’s second NFT series sells out on day one The Block – Crypto News
Another non-fungible token (NFT) collection licensing the name and likeness of former US President Donald Trump has sold out, one day after launching on 18 April.
The second of its kind, the ‘Trump Digital Trading Cards Series 2’ collection features 47,000 NFTs that were originally priced at $99 each, netting the former President a cool $4.65 million.
On the secondary reseller market, the collection has reached 890 Ether in trading volume since launching.
Despite using Trump’s “name, likeness, and image” under a paid license, the NFTs are not owned or managed by the former president or any of his companies.
Purchasers of the collectibles are promised a ticket to attend Trump’s Gala Dinner in South Florida if they buy 47 trading cards with fiat currency, or 100 if paying in crypto.
On a website dedicated to the Trump NFT series, it reads:
“These are personal digital collectibles or ‘trading cards’ that you can collect, accumulate, trade, etc. Think of them like traditional baseball or basketball cards but stored digitally so you never have to worry about physical damage.”
Buyers could purchase the NFTs through either a credit card or with Wrapped Ether (wEth), and were able to create an NFT wallet with Torus at checkout to store the collectible if needed.
Designed by artist Clark Mitchell, the NFTs are minted using the Polygon blockchain network and developers claim each card featuring an autograph is digitally hand-signed by Trump himself.
The website did state in its FAQ that “these Digital Trading Cards are not political and have nothing to do with any political campaign”.
In March, former president Trump was indicted on more than 30 charges of alleged business fraud by a Manhattan grand jury.
The event caused the price of Trump’s first NFT series, released last December, to surge by around 50% before slowly losing value again.
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