- Donald Trump announces Series 2 of his NFT collection, Trump Digital Trading Cards, featuring new art, rarity traits, and utility features.
- The second series includes 47,000 NFTs, with unique opportunities for collectors, such as a dinner with Trump at Mar-a-Lago for those who purchase 47 tokens.
- Trump’s NFT venture has been met with mixed reactions, with some ridiculing the art and others celebrating the digital trading cards.
As the world of digital art continues to evolve, former U.S. President Donald Trump is jumping on the bandwagon once more with the release of his second series of non-fungible tokens (NFTs). The Trump Digital Trading Cards Series 2 comes with new features, utility, and a heavy dose of controversy. Despite facing a recent indictment, Trump remains undeterred in his Web3 ambitions, aiming to capitalize on his loyal followers and the booming NFT market.
Series 2: New Art, Rarity Traits, and Utility
The 45th president announced the release of his Series 2 NFTs on his social network, Truth Social, informing followers that after the “great success” of the first series, he was expanding the collection with a second mint. The tokens will be minted on the Polygon network and maintain the original price of $99. However, the art, rarity traits, and utility features will differ from the first collection.
Series 2 comprises 47,000 NFTs, 2,000 more than the first series released in December 2022. This increase could allude to Trump’s ambitions to return to the White House as the 47th president. According to the Trump Digital Trading Card website, ten tokens will have different features. Moreover, collectors who purchase 47 tokens can claim a dinner with Trump at the Mar-a-Lago resort in Florida. In comparison, those who buy 100 tokens with cryptocurrency will receive the dinner and a unique one-of-one Trump-themed artwork.
Upon the announcement of the upcoming collection, the floor price of the original group on the secondary market OpenSea fell from nearly 0.4 ETH ($840) to 0.2 ETH ($420) – losing half of its value. Trump released his first NFT collection in December 2021, which sold out in hours. According to a recent filing from the U.S. Office of Government Ethics, Trump earned between $500,000 and $1 million in funds from the collection. The value of the first collection saw a significant pump on the secondary market due to the news of his arrest.
Controversy Surrounding Trump’s NFT Endeavors
Trump’s foray into the NFT world has been met with mixed reactions. While some supporters celebrate the digital trading cards, others have ridiculed the art, which portrays Trump in various roles such as a superhero, cowboy, and astronaut. The price of the first series surged last month amid speculation that Trump would be indicted in New York but fell back when he wasn’t arrested on March 21, as predicted, and continued to fluctuate.
Despite the fluctuations and the drop in the floor price of the original collection, Trump remains steadfast in his pursuit of the digital art market. He has defended the decision, stating that the digital trading card collection was about “art” and not money. Regardless of the controversy, the quick sell-out of digital trading cards and the significant funds generated cannot be ignored.
The Trump Digital Trading Cards Series 2 NFT collection brings new features and opportunities for collectors while fueling the controversy surrounding the former president’s endeavors. As the digital art market continues to grow, it remains to be seen whether Trump’s NFTs will retain their value in the long run or if the controversy will overshadow the collection’s potential success.