• Former US President Donald Trump released a collection of NFTs called „Trump Cards“ in mid-December with a price tag of $99.
• Buyers of the NFTs enter into a sweepstake with the chance of winning prizes, including a group Zoom call with the former president.
• NFTs with access passes to a group Zoom call with Trump are being sold for less than $25 worth of ETH, data from OpenSea shows.
Former US President Donald Trump recently released a new collection of non-fungible tokens (NFTs) called „Trump Cards,“ a series of digital cards depicting the former president in various iconic poses and situations. The collection was minted on Polygon, a layer-two scaling solution that runs alongside the Ethereum blockchain and allows for speedy transactions and low fees.
The NFTs were released in mid-December with a price tag of $99 each and a total of 45,000 NFTs were minted. Buyers of the NFTs were also supposed to enter into a sweepstake with the chance of winning prizes, including a gala dinner, a game of golf, or a group Zoom call with the former president. Starting last month, NFT owners started to receive those NFT access passes in the form of airdrops. That rollout is still ongoing, with some NFT perk passes sent to card buyers as recently as this morning, per public blockchain data curated by the OpenSea marketplace.
However, the NFTs with access passes to a group Zoom call with Trump are the ones being most flipped by users. Data from OpenSea shows that these NFTs are not commanding sky-high prices, with some going for sale for less than $25 worth of ETH. According to its description on OpenSea, each Zoom call with the former president will include up to 2,000 people and last for 20 minutes. Participants would have a chance to submit questions prior to the call but there’s no guarantee they will receive an answer.
Trump’s NFT collection initiative is a unique attempt to leverage his influence and celebrity status to create digital assets and incentivize people to invest in them. It will be interesting to see whether the NFTs continue to be traded for low prices, or if there is more demand for them in the future.