Donald Trump Releases Second Series of NFT Collection amid Indictment

2023-4-19 15:16

Coinspeaker
Donald Trump Releases Second Series of NFT Collection amid Indictment

It appears that the recent indictment of former US President Donald Trump has not deterred him from his Web 3.0 focus. Taking to one of his social media platforms on Tuesday, Trump announced the launch of “Series 2” of his NFT collection – Trump Digital Trading Cards. The statement on Truth Social reads:

“I am pleased to inform you that, due to the great success of my previously launched DIGITAL TRADING CARDS, we are doing it again.”

Donald Trump ‘Series 2’ NFT

According to the announcement from Donald Trump, Series 2 is made up of 47,000 non-fungible token (NFT) trading cards. That is 2,000 more pieces than the first collection.

The new collection also differs from the first in the art, rarity traits, and other utility features. However, both collections are similar in that the new tokens will also be minted on the Polygon blockchain while remaining at the original mint price of $99.

Like the original collection, this set also features images of Donald Trump in various styles including as a rock star, superhero, and even as an astronaut.

Meanwhile, it might be interesting to note that the announcement has caused the floor price of the original collection to tank. Within the first three hours of Trump unveiling the new collection, the floor price on the secondary market OpenSea has lost more than half of its value. The price has gone from about 0.4 ETH (approximately $840) to 0.1 ETH ($210).

What to Expect

When the original collection was launched last December, the 45,000 NFTs sold out in under 24 hours. This means that the collection generated about $4.5 million or thereabouts in revenue. Per one recent filing from the US Office of Government Ethics, Trump made a personal gain of between $500,000 and $1 million from the collection.

Going by the price of the NFTs, the new collection is also expected to rake in about $4.7 million. And just as was with the first collection, the sale is also expected to be swift.

Unsurprisingly, data from CryptoSlam suggests that sales activity linked to the collection has already taken off since the announcement. Pee CryptoSlam, there has been a 745% daily increase in trading in just 24 hours.next

Donald Trump Releases Second Series of NFT Collection amid Indictment

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