Trump Digital Edition 1: The First Edition Trade Card NFT The trading volume has plummeted by 95% in the past 30 days. OpenSea data shows a sharp decline in sales, and no transactions were recorded during the last week. The initial excitement surrounding this collection generated more than $50 million worth of trading since December 2022.
Trump and Crypto
Donald Trump, the former U.S. president, has shown an increasing interest in cryptocurrency and bitcoin. This is evident by his entry into the NFT industry with the release digital trading cards. The waning of interest in Trump’s original collection is due to his upcoming criminal case, which will accuse him of falsifying records relating to hush-money payments.
Comparing the NFT market to its overall size
The overall NFT market is relatively stable in the last few months, despite the fact that the trading volume has decreased compared with the frenetic activity of 2021. According to CryptoSlam, Ethereum-based NFTs sales reached $489 millions in March. Data shows that activity is continuing despite the low performance of certain collections, like Trump’s.
Second-Series Performance and Promotions
The second edition of Trump’s trading cards is performing better than the first, even though trading volume has decreased by 57% over the last 30 days. Collectors could win a Mar-a-Lago dinner with Trump on May 8th, as was announced by X.
NFT INT LLC: Ownership, Management and Control
NFT INT LLC is the company responsible for the NFT promotions and drops. It operates independent of Donald J. Trump and The Trump Organization. The website of the digital trading card states that NFT INT LLC is licensed by CIC Digital LLC for use of Trump’s likeness and name. However, Trump’s past association with CIC Digital LLC raises questions regarding ownership and management.
On the Polygon Blockchain, the minting of NFTs with Trump’s likeness takes place. This adds an additional layer of authentication.
Freepik: Featured image