The former US President is releasing a collection of non-fungible tokens (NFTs) that is flourishing on OpenSea.
Yesterday, social media was abuzz with the announcement of a new NFT collection by former President Donald Trump. “The official collection of Donald Trump digital collectible cards is here! These limited edition cards feature amazing artwork from my life and career! Collect all your favorite Trump digital stickers.
Visit collecttrumpcards.com AND BUY THEM NOW YOUR CARDS!Only $99 each! Last year, the former president hinted that cryptocurrencies and related cryptographic technologies looked like an “imminent disaster” to him. Things have changed since then. First, the polarizing politician’s wife, Melania, launched her NFT series on the Solana (SOL) blockchain earlier this year. Now, Donald Trump has launched his own series on Polygon (MATIC).
The collection sold out on Friday morning, the day after release. Card prices are skyrocketing on the largest Ethereum (ETH) NFT exchange by trading volume, OpenSea. While the digital collectibles initially retailed for $99 each, prices are already much higher less than 24 hours after release. At the time of this writing, the minimum price for a digital Trump Trading Card on OpenSea is 0.159 ETH, or about $190 USD, nearly twice the price of admission.
While some trade for over 100,000,000,000,000 ETH, the highest effective selling price for a Trump NFT at the time of writing is 6 ETH, or $7,162. The transaction took place on December 15, the same day the collection was launched.