April 19, 2023

Trump Drops Second Series of His NFTs

Trump Second Series NFTs

Trump Second Series NFTs

Despite being accused of 34 felony charges and achieving modest profits, former US President Donald Trump’s enthusiasm did not get low. 

Trump announced the release of a second series (Series 2) of his NFT collection, Trump Digital Trading Cards. The former US president announced the news on his social platform Truth Social, claiming that his first drop of NFTs had achieved great success, therefore he expanded for a second mint, according to Coin Desk

“I am pleased to inform you that, due to the great success of my previously launched DIGITAL TRADING CARDS, we are doing it again, SERIES 2, AVAILABLE RIGHT NOW. GO TO collecttrumpcards.com. Have fun!” Trump said on his social app. 

Trump’s Series 2 consists of 47,000 digital collectibles minted on the Polygon blockchain, an Ethereum sidechain network, with a mint price of $99, a price similar to the first drop in December 2022. The new collection differs from the first one in the art, rarity traits, and utility features. 

“I could have raised the price MUCH HIGHER, I believe it still would have sold well, with a lot more money coming to me, but I didn’t choose to do so. I WILL BE GIVEN NO ‘NICE GUY’ CREDIT?” Trump added. 

Upon the news of the upcoming collection, the floor price of the original collection on the secondary market OpenSea fell from nearly 0.4 ETH, or $834.62 to 0.187 ETH, or $390.18 – losing half of its value.

According to a filing issued by the US Office of Government Ethics this week, Trump earned between $100,001 to $1 million from his NFT collection, a filing issued by the US Office of Government Ethics revealed. 

The filing showed that Trump was the manager, treasurer, president, and secretary of CIC Digital LLC since March 2022. CIC Digital LLC gave NFT INT LLC a license to use the former president’s name and images to release the Trump Digital Trading Cards

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