Trump invites his fans to buy his strange NFTs... again
In a video released on Truth Social, former president Trump announced that “by popular demand,” he is releasing yet another series of his “digital trading cards,” with an edition of up to 360,000 NFTs. This is a huge uptick since his last series of 100,000 NFTs which (checks notes) did not sell out.
This time, he’s leaning into his new role as the “crypto president.”
Some of the art on the cards downright declares it, with him holding a golden sneaker, dressing as what I can only describe as “Captain Bitcoin,” or holding the symbol of bitcoin in a bubble.
Like previous editions, the NFTs are priced at $99 and come with special perks for buyers who purchase multiples at once, such as a dinner with Trump at Mar-a-Lago for those willing to buy 75 (or $7425 worth) in a single transaction, according to the project’s site. Those buyers will also get a physical version of a card with a piece of the suit he wore to his infamous debate with Biden embedded in it.
Unlike his previous editions, buyers are unable to resell the collectibles until January 31, 2025, though as of writing, several of the cards are listed on NFT marketplace OpenSea. It’s an unusual move as secondary sales are the primary driver of increasing an NFT collection’s price, but it does also keep the price locked in at the mint price. Given that the previous series did not sell out and tanked the price of the first and second editions, that could explain the strategy.
For any other candidate, perhaps directing one's most devoted supporters toward contributing directly to the campaign or to a Super PAC might be considered a better use of a candidate's energies, especially a campaign that was out-raised four-to-one in July.
But then again, Donald Trump is not any other candidate.
Some of the art on the cards downright declares it, with him holding a golden sneaker, dressing as what I can only describe as “Captain Bitcoin,” or holding the symbol of bitcoin in a bubble.
Like previous editions, the NFTs are priced at $99 and come with special perks for buyers who purchase multiples at once, such as a dinner with Trump at Mar-a-Lago for those willing to buy 75 (or $7425 worth) in a single transaction, according to the project’s site. Those buyers will also get a physical version of a card with a piece of the suit he wore to his infamous debate with Biden embedded in it.
Unlike his previous editions, buyers are unable to resell the collectibles until January 31, 2025, though as of writing, several of the cards are listed on NFT marketplace OpenSea. It’s an unusual move as secondary sales are the primary driver of increasing an NFT collection’s price, but it does also keep the price locked in at the mint price. Given that the previous series did not sell out and tanked the price of the first and second editions, that could explain the strategy.
For any other candidate, perhaps directing one's most devoted supporters toward contributing directly to the campaign or to a Super PAC might be considered a better use of a candidate's energies, especially a campaign that was out-raised four-to-one in July.
But then again, Donald Trump is not any other candidate.
