New Donald Trump NFTs to Hit The Market, But Here’s the Catch
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.
Judging by Donald Trump’s fortune, which Forbes estimates at over $2.5 billion, it’s clear that the former president doesn’t need to sell NFT collections or offer luxurious dinners to collectors to increase his net worth.
As such, Trump’s real goal might be to remain relevant on social media while preparing for a potential presidential campaign — assuming a scenario in which he ends up winning a legal battle against his adversaries— as the additional 2,000 tokens in the new collection highlight the number “47” which would signify the next US president’s position.
Trump Earned $1M From Sale of First NFT Collection
As reported by CryptoPotato recently, Trump may have earned nearly $1 million from the sale of his first collection, launched on December 15th, priced at $99 per NFT.
It featured various aspects of his life and presidential career through 45,000 unique NFTs, which offered various prizes such as autographs and dinners with the former president.
However, it is still unknown if the project managers and the former president himself have fulfilled their part of the deal, inviting winners to enjoy fabulous dinners at luxurious restaurants.
What is certain is that the former president’s fans and followers continue to grow and are willing to pay hundreds of dollars for a piece of his digital life, especially now as the presidential elections approach and rumors about Trump increase.
The post New Donald Trump NFTs to Hit The Market, But Here’s the Catch appeared first on CryptoPotato.
OhNoRipple via https://www.ohnocrypto.com/ @Felix Mollen, @Khareem Sudlow