- Donald Trump has launched a new set of 100,000 NFT digital trading cards featuring his mugshot photo, priced at $99 each on Polygon.
- Bulk buyers of the mugshot NFTs can unlock physical perks like fabric from the mugshot suit and dinner at Mar-a-Lago.
- Despite past sellouts, this new drop has damaged earlier NFT markets, with floor prices for previous Trump card sets plummeting 18-34% amid oversupply.
Former president Donald Trump has launched a new set of digital trading cards as NFTs on Polygon, sparking both interest and criticism. This third installment contains 100,000 collectibles and includes physical perks for big buyers. However, the launch has already impacted prices for earlier sets.
Trump’s New Mugshot-Themed NFT Drop
The Trump Digital Trading Cards MugShot Edition set features cartoonish artwork based around Trump’s real mugshot from his August indictment in Georgia. The provocative branding ties into Trump’s recent merchandising around the mugshot photo. The NFTs are priced at $99 each on Polygon.
Incentives for Bulk Buyers
Purchasing 47+ NFTs unlocks a physical trading card with fabric from the mugshot suit. Getting 100 cards via crypto nets two cards and dinner at Mar-a-Lago. Trump promotes the perks in a promotional video, acknowledging the exaggerated artwork.
Original NFT Values Plummet
Despite previous sellouts, this drop has damaged earlier markets. The floor price for Series 1 cards has fallen 18% amid the new supply. Series 2 is down 34% below mint price. The new NFTs are currently non-transferrable until year’s end. Around 8,000 have already been minted on OpenSea.
Conclusion
While Trump is seeking to capitalize on past NFT hype, his fans may not take the bait this time. The continually expanding supply has diluted the original collection’s value, suggesting waning interest in the controversial project.
