3 - 6 minute read
Donald Trump, the former president of the United States, announced the release of Series 2 of his non-fungible token (NFT) collection on Tuesday, expanding his Web3 ambitions. The second edition of the Trump Digital Trading Cards will be minted on Polygon and retain their regular mint price of $99 despite the art, rarity traits, and utility features differing from the first collection. In comparison, the first series, released in December 2022, included 45,000 NFTs.
While the former president is currently facing legal troubles, the release of the latest NFT collection reflects his determination to pursue his plans in the digital trading cards industry. According to the Trump Digital Trading Card website, the first 47 individuals who purchase 47 tokens can claim a dinner with Trump at the Mar-a-Lago resort in Florida, but collectors who purchase 100 tokens with cryptocurrency will receive a unique one-of-one Trump-themed artwork on top of the dinner.
Furthermore, unlike the first series, Trump’s latest offering ensures that no 10 tokens will have the same features, with each of the digital trading cards featuring unique attributes.
“The Trump Digital Trading Card collection has been a tremendous success, and I am thrilled to introduce the second series to collectors worldwide,” stated Trump on his social network Truth Social, where he shared the news of Series 2.
The announcement seems to have caused the floor price of the original collection on secondary market OpenSea to fall from almost 0.4 ETH or $840 to 0.2 ETH or $420, resulting in a 50 percent drop in the collection’s worth.
In case you're still kicking yourself for passing on the Trump NFTs the first time around pic.twitter.com/wz83Sb6WTs
— Republican Accountability (@AccountableGOP) April 18, 2023
Trump’s first NFT collection, released in December 2022, sold out in hours, and his recent filing from the U.S. Office of Government Ethics suggests that he earned between $500,000 and $1 million from the collection. In April, the first collection’s worth significantly increased as news of Trump’s arrest broke.
This move by Trump created a buzz among digital asset traders and investors, with many analyzing his NFT collection’s release and its implications for the digital asset space. Some traders view the news as an excellent opportunity to invest in the digital trading card trend, while others feel the opposite and see risks associated with investing in a digital asset backed by an individual facing legal troubles.
BREAKING: Trump Digital Trading Cards are expanding and launching Series 2.
— TylerD 🧙♂️ (@Tyler_Did_It) April 18, 2023
📉The S1 Trump Cards instantly did a cliff-dive on the news, down 44% to 0.22 ETH. pic.twitter.com/Px35VmcFFs
The Bottom Line
The release of Trump’s second series of digital trading card collections expands his Web3 ambitions, even though he is dealing with legal troubles. Trump’s latest offering ensures that no 10 tokens will have the same features, with each of the digital trading cards featuring unique attributes. This release has created split opinion among digital asset traders and investors, with some viewing it as an opportunity to invest in the digital trading card trend, while others see it as a risky digital asset to back.
