Donald Trump Launches Series 2 of NFT Collection
On April 18th, the 45th former US president, Donald Trump, announced the launch of his Series 2 of his NFT collection after the resounding success of his first.
According to Trump’s post on his social network Truth Social, the new collection consists of 47,000 tokens (2,000 more NFTs than the first) which will be minted on the Polygon network, maintaining the same price of $99 per token as the previous collection.
Minting Price Remains The Same
Donald Trump mentioned on social media that, despite being able to increase the selling price of the new NFT collection due to rising market demand, he decided not to because he wanted his fans and supporters to make money and “have fun doing it.”
“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?”
However, it is probable that the owners of the initial batch of NFTs are not having fun right now. This dump of new tokens crashed the floor price of the collection. According to Coingecko, the cheapest Trump NFT went from 0.4 ETH to somewhere near 0.1 ETH after the announcement.
What are NFTs?
NFTs or non-fungible tokens are unique digital assets that represent ownership of a specific piece of content such as artwork, music, videos, and more. Each NFT is unique and cannot be replicated, making them valuable and collectible.
Trump’s NFT Collections
Donald Trump is not the only celebrity to jump on the NFT bandwagon. Many other famous personalities have launched their NFT collections and made millions in the process. Trump’s NFT collections feature digital artwork of his presidential portraits, including audio clips of his speeches and other memorable moments during his tenure as the 45th president of the United States.
Series 2 of Trump’s NFT Collection
Trump’s Series 2 of his NFT collection features 47,000 tokens, 2,000 more than the previous collection. These tokens are being minted on the Polygon network and are priced at $99 per token. While the minting price remains the same, the announcement of the new collection has caused a significant drop in the value of the initial batch of NFTs.
Conclusion
Donald Trump’s foray into the world of NFTs has caused quite a stir. His Series 2 collection is now available for purchase, but the announcement of the new tokens has caused a dip in the value of the initial batch of NFTs. It remains to be seen whether Trump’s NFT collections will continue to be successful or whether the hype will die down in the near future.
Key Takeaways
- Donald Trump announced the launch of his Series 2 of his NFT collection on April 18th.
- The new collection consists of 47,000 tokens and is priced at $99 per token.
- The announcement of the new collection caused a dip in the value of the initial batch of NFTs.
- NFTs are unique digital assets that represent ownership of a specific piece of content, and they have gained popularity in recent years due to their uniqueness and collectibility.
- Donald Trump’s NFT collections feature digital artwork of his presidential portraits and audio clips of his speeches and memorable moments during his presidency.
- Trump’s decision to maintain the same minting price of $99 per token for his Series 2 NFT collection despite rising market demand indicates his desire to let his fans and supporters make money and have fun.
- The drop in the value of the initial batch of NFTs after the announcement of Series 2 raises questions about the sustainability of Trump’s NFT collections’ success.
Overall, the world of NFTs continues to evolve and attract more celebrities and influencers who see the potential for creating unique and valuable digital assets. Donald Trump’s foray into this world may be just the beginning, and we may see more Series of his NFT collection or similar collections from other famous personalities in the future. The future of NFTs remains uncertain, but their uniqueness and collectibility make them an exciting investment opportunity for those looking to diversify their portfolios.
