What is Trump's NFT Collection

The Beginnings: POTUS Trump NFT Collection

First, let‘s take a look at the start of Trump’s NFT journey. In a surprising move, Donald Trump launched his first NFT collection, the POTUS Trump NFT on the Solana blockchain. Significantly, the former President of the United States wanted to celebrate his time as the leader of the free world through the collection.

The POTUS Trump NFT collection consisted of 10,000 NFTs. Former First Lady, Melania Trump, played a creative role in designing the collection, aiming to showcase iconic moments from President Trumps tumultuous four years in office.

The NFTs were made available for purchase through the USA Memorabilia website and were a collaboration between Trump, USA Memorabilia, and the right-wing social media platform, Parler. The collection offered five original designs, including gold and platinum NFTs. Each NFT highlights significant milestones from the divisive Trump administration. Moreover, the NFTs were priced at $50, and the purchasing process was randomized. Potential buyers had a chance to acquire a range of designs with different rarities and traits.

Trump Cards: Donald Trumps NFT Stealth Drop

The Donald Trump NFT collection features a series of digital Trump cards. The NFTs in this collection feature various images of the former president. Markedly, they include depictions of Trump as a king-of-hearts playing cards, wielding a sword, and having a heart sign with his hands. Another image portrays a rock-and-roll version of Trump, donning a full-leather suit and sunglasses. Additionally, there is a card showcasing Trump grilling hot dogs and hamburgers, adorned with American flag pins. Divided into standard edition and limited edition cards, they were available for purchase at a fixed price of $99 each. Alternatively, through auction to the highest bidder.

Trump made the “major announcement” of his playing card NFTs on Facebook and Instagram. Notably, marking his first posts on Instagram since January 5, 2021, just one day before the riots at the U.S. Capitol. Meta, the parent company of both platforms, reinstated Trumps accounts on these social media sites at the beginning of 2023. This decision came after a two-year suspension due to concerns about public safety following the January 6 insurrection.

Despite the controversies, the Donald Trump NFT collection attracted significant interest from collectors and investors alike. Notably, 44,000 NFTs sold out in just a few hours. Many view it as a chance to own a unique piece of political history, while others are enticed by the potential financial gains associated with the limited edition cards.

Trump Cards Series 2: The Second Surprise NFT Drop

Next, let‘s take a look at Trump Cards, Series 2. Trump made the second surprise announcement on his own social media platform, Truth Social, that his Series 2 digital cards were now available. He mentioned that the release was in response to the previous round’s “great success,” despite even some of his allies mocking it.

Despite the backlash, the former President appeared unfazed. In a statement, he mentioned leaving the price of the trading cards the same as last time, acknowledging that they were selling for much higher prices in the market. Trump emphasized his desire for fans and supporters to make money and have fun. He noted that he could have raised the price even higher, generating more profit for himself, but he chose not to. Trump also expressed frustration at the lack of recognition for his intentions.

How Many NFTs Did Trump Sell？

Despite facing widespread criticism, even from some of his own supporters, Trumps first collection of NFTs, which included 44,000 NFTs in the public sale (with an additional 1,000 held back), sold out within 24 hours. In the second batch of Trump cards, a total of 47,000 digital cards were minted, and 46,000 of them were made available for sale on his website. Customers who used a credit card in the transaction were limited to purchasing 47 digital cards, while those who bought them with cryptocurrency had the opportunity to acquire up to 100 cards. A filing with the US Office of Government Ethics revealed that Trump made a substantial income from NFTs, ranging from $100,000 to $1 million.

Was the NFT Collection Controversial？

As you can imagine, Trumps foray into NFTs sparked a big debate. Essentially, the Trump NFT collection generated mixed reactions and controversy within the NFT community and beyond. While the collection garnered attention and initial sales success, it also faced criticism and skepticism from various perspectives. Critics questioned the legitimacy and value of the NFTs. They also expressed concerns about the motives behind the project. Some viewed it as a potential cash grab, suggesting that the Trump name was being used to exploit the NFT market for financial gain.

Additionally, there were discussions about the ethical considerations surrounding the sale of the NFTs. Questions arose regarding the appropriateness of public figures, particularly former presidents, profiting from their time in office through NFTs featuring their likeness. Moreover, some were concerned that the profits raised from the Trump NFT collections could be used to fund the upcoming Presidential Campaign.

The controversy surrounding the Trump NFT collection highlighted the broader debates and discussions within the NFT community regarding authenticity, value, and the intersection of politics and digital collectibles. Overall, while the collection had its supporters and enthusiasts, it was not without its share of controversy and critical analysis.

Trump NFT Prices – Whats the Floor？

The Trump NFTs have undeniably been on a rollercoaster ride, experiencing significant fluctuations in both sales volume and floor prices. The launch of the NFT project initially led to a surge in prices, even amidst the declining NFT market. This was followed by an 80% value drop within a short 14-day period. However, there was then an increase in sales activity for the collection. Specifically, the daily sales volume for the Trump Digital Trading Card collection witnessed a staggering 800% growth in January 2023.

Interestingly, it appears that the Trump Digital Trading Cards collection has a unique dynamic. When positive or negative events surround Donald Trump, the floor price of the NFTs tends to rise. Basically, the collection‘s value seems to be closely tied to public interest in Trump. Even if that interest arises from seemingly negative circumstances. The New York Attorney General’s indictment of Former President Donald Trump had an unexpected effect on the Trump Digital Trading Cards NFT collection. Following the announcement in April, the volume of the collection surged by over 400%.

Trump NFT Sweepstakes

The Trump Digital Trading Card NFTs include a sweepstakes feature, enhancing the appeal of owning these cards. Each purchase automatically enters buyers into a draw to win varied prizes. These prizes include personal interactions with Donald Trump, such as dinners in Miami, cocktail hours at Mar-A-Lago, golfing experiences, and private meetings.

Additionally, the sweepstakes provide chances for virtual engagements, like individual or group Zoom calls with Trump, and exclusive memorabilia, including hand-signed items and Golden Edition Signed E-Trading Cards. Importantly, no purchase is necessary to enter the sweepstakes, enabling broader participation and complying with legal standards for promotional activities.

Does Melania Trump Have an NFT Collection？

Yes, Melania Trump was actually the first to launch her NFT in December 2021, collaborating with Solana Labs executives. Shes so into NFTs she even has her own NFT website. Her most recent collection is a Solana-based NFT project, called “The 1776 Collection.” Markedly, it draws inspiration from iconic American imagery such as the Statue of Liberty and Mount Rushmore.

The collection consists of seven unique designs, with each NFT priced at $50. There is a total supply of 3,500 NFTs. Melania Trump took to her Twitter account to announce the sale and directed interested buyers to the USA Collectibles website. The website also features “POTUS TRUMP” NFTs that showcase images of the former president and his wife. While not explicitly stated on the NFT website, reports suggest that a portion of the sales will support Fostering the Future, an initiative within Melania Trumps “Be Best” program that aims to assist foster children

Perks of Holding a Trump Digital Trading Card NFT

Although digital imagery is theoretically limitless in supply as long as users know how to screenshot, a limited supply of NFTs was offered. Holders of the NFTs were able to take advantage of opportunities exclusively offered to the Trump Digital Trading Card community. Holders who bought the cards were able to enter into a competition to win prizes including golf with the former president, dinner at Mar-a-Lago, or a Zoom call. Price speculation, however, is likely what most buyers are focusing on.

How Can I Buy a Trump NFT？

As the NFTs are already minted, youll need to buy your Trump NFT on a secondary marketplace. So, you can take your time to review the artwork, description, and any unique features associated with the NFT.

Keep in mind that its important to exercise caution and conduct your research before having any NFT purchase. Be mindful of transaction fees, gas fees, and any specific instructions provided by the wallet or marketplace.

Where Can I Buy Trump NFTs？

Trump Digital Trading Card NFTs can be bought from OpenSea in several ways. Users can use MetaMask, Coinbase, and Ledger Wallet, among others.

Each Trump Digital Trading Card NFT is priced on Ethereum on the OpenSea marketplace – the world‘s first and largest digital marketplace for NFTs. However, you’ll need to take a few important steps before purchasing directly from OpenSea.

Sign Up for a Cryptocurrency Exchange Account

Sign up for an exchange account to buy Ether (ETH). The amount of ETH you need to purchase will depend on the price floor of each trading card or the listed asking price for the NFT you are buying. You should purchase a bit more ETH than you need to cover the transaction fees that you will pay when transferring ETH to a wallet and having the transaction on OpenSea.

ETH can be purchased using any major cryptocurrency exchange such as Gemini, eToro, or Uphold. The next step is setting up a browser wallet such as MetaMask, which is free to use and can be created in a matter of minutes.

Buy a Trump Digital Trading Card NFT

Once you have an account, transfer ETH from your crypto exchange account to your individual web-based wallet. OpenSea supports a variety of different wallets such as MetaMask or Coinbase wallets. From there, navigate to the official landing page for the collection and initiate your purchase.

Best Hardware Wallet: Ledger

Risk-averse investors may want to transfer their newly purchased trading card NFT into a hardware wallet. These types of wallets are universally considered to be the most secure way to store NFTs and crypto. They consist of physical devices that store and generate keys without a connection to the Internet and fall into the classification of cold wallets. These keys are generated based on random number generation (RNG) algorithms and are stored in the device itself.

Ledgers hardware wallets are some of the most trusted hardware wallets in the world. Users can choose from the Ledger Nano X wallet ($150) or the Ledger Nano S Plus wallet ($79). Both wallets allow users to store countless different coins and tokens, including Bitcoin, Ethereum, Trump NFTs, Dogecoin, and all ERC-20 tokens. The service also receives overwhelmingly high ratings for user satisfaction and user-friendliness.

Is it Worth Getting a Trump Digital Trading Card NFT？

Despite the widespread jeers and criticisms – even from some of Trump‘s supporters – the project has solidified itself as one of the most actively traded NFT projects. However, it’s anyones guess how long the hype will last.

The project itself is extremely speculative, without any real value proposition besides the small chance of meeting the former president. The collection was launched at a suboptimal time, with the aggregate NFT and cryptocurrency market in one of the deepest periods of realized losses ever recorded in history.

As a collector, it is important to acknowledge these extreme risks and proceed cautiously, only investing money that you are willing to lose.

Company managing NFT drops

The NFT drops and promotions have been managed by NFT INT LLC, which, according to the website for the former president's digital trading cards, “is not owned, managed or controlled by Donald J. Trump, The Trump Organization, CIC Digital LLC or any of their respective principals or affiliates.”

NFT INT LLC didn't immediately respond to a request for comment.

The website also states: “NFT INT LLC uses Donald J. Trump's name, likeness and image under paid license from CIC Digital LLC, whose license may be terminated or revoked according to its terms.”

Trump, however, has previously been listed as CIC Digital LLC's manager, president, secretary and treasurer, according to information published by the Citizens for Responsibility and Ethics in Washington.

The NFTs based on Trump's likeness are minted on Polygon

In the dynamic and rapidly evolving landscape of digital assets, Non-Fungible Tokens (NFTs) have emerged as a revolutionary form of digital ownership, enabling the tokenization and trade of unique digital assets on blockchain platforms. Central to the success and accessibility of NFTs are the companies that manage NFT drops—events where new tokens are released to the public.

Understanding NFT Drops

NFT drops refer to the release of new NFTs to the market, often associated with digital artworks, collectibles, virtual real estate, and other unique digital assets. These drops can be organized by individual artists, creators, or more commonly, by companies specializing in NFT management and distribution.

The Role of Companies

Curation and Selection: Companies managing NFT drops curate and select artworks or digital assets that align with their brand or platform. This involves assessing artistic quality, market demand, and potential for resale value, thereby influencing which NFTs gain prominence and reach a wider audience.

Platform and Infrastructure: These companies provide the technological infrastructure and platforms necessary for artists to mint, list, and sell their NFTs. This includes blockchain integration, smart contract deployment, and user-friendly interfaces that simplify the process for creators and collectors alike.

Market Access and Promotion: By organizing NFT drops, companies enhance market access for artists, allowing them to showcase their work to a global audience of collectors and investors. Through strategic marketing campaigns, social media promotion, and partnerships with influencers and art platforms, these companies amplify the visibility and reach of NFTs.

Empowering Artists

Monetization Opportunities: NFT drops empower artists by providing new avenues for monetization of their creative works. Artists can earn royalties on secondary sales, ensuring ongoing revenue streams from their digital creations—a feature enabled by blockchain technology and smart contracts.

Challenges and Considerations

Scalability and Sustainability: Managing NFT drops at scale requires robust infrastructure and scalability solutions. Companies must handle high transaction volumes, ensure platform reliability, and address environmental concerns related to blockchain energy consumption.

Regulatory Compliance: The nascent nature of NFTs presents regulatory challenges related to copyright, ownership rights, and consumer protection. Companies must navigate evolving legal frameworks and regulatory landscapes to mitigate risks and ensure compliance.

Future Outlook

Innovation and Evolution: As the NFT ecosystem continues to evolve, companies managing NFT drops will innovate with new features and functionalities. This includes exploring interoperability between different blockchain networks, enhancing user experience through augmented reality (AR) and virtual reality (VR) integrations, and expanding into new markets and industries beyond art and collectibles.

Community Engagement: Successful NFT drops foster vibrant communities of collectors, artists, and enthusiasts. Companies will increasingly focus on community engagement strategies, including governance tokens, decentralized autonomous organizations (DAOs), and collaborative projects that empower stakeholders to shape the future of NFT ecosystems.

Companies managing NFT drops play a critical role in shaping the digital art and collectibles market. By curating, promoting, and facilitating the sale of NFTs, these companies empower artists, expand market access, and drive innovation in digital ownership. As the industry matures, navigating challenges and embracing opportunities for growth and inclusivity will be key to sustaining momentum and unlocking the full potential of NFTs in the global economy.