Former President Donald Trump is getting into non-fungible tokens (NFTs) again, this time using Bitcoin as elections approach. NFTs are like special digital collectibles, and Trump is jumping back into the trend.
It’s a way for people to own unique digital items, and Trump is making his move right around election time. This means you might see some interesting digital creations related to Trump available for purchase using Bitcoin soon.
Trump’s Debut on Bitcoin Ordinals with Limited Edition NFTs
Former President Donald Trump is set to step into the world of Bitcoin Ordinals, as announced by CollectTrumpCards on X. The revelation includes the creation of Trump Digital Trading Cards as NFTs on the Bitcoin platform.
In this debut, interested buyers have the opportunity to acquire 100 Trump Digital Trading Cards using WETH. The unique aspect of this series lies in its limited edition, with only 200 1/1 trading cards available in the MugShot Edition. The announcement underscores the exclusivity, with just 99 of these special cards remaining for purchase. This move adds a distinctive touch to the NFT space, bringing Trump into the digital trading card realm on the Bitcoin platform.
Bitcoin Ordinals: Art and Collectibles Inscribed on Blockchain
Launched in the previous year, Bitcoin Ordinals introduced the practice of inscribing art and collectibles onto the Bitcoin blockchain. This innovative inscription process enables collectors to later claim their exclusive Ordinals inscriptions on Magic Eden.
BREAKING: Former President of the United States, Donald Trump, just announced he is going to inscribe his mugshot into Bitcoin and sell it as an Ordinals collection.
You can't make this stuff up! pic.twitter.com/vRr2bZnnpg
— Leonidas (@LeonidasNFT) January 18, 2024
However, it’s important to note that the launch came with a disclaimer. The statement emphasized that the “Trump Digital Trading Cards (NFTs)” are designed as collectible items for personal enjoyment and are not intended as investment vehicles.
A specific condition outlined in the release mentions that these cards will remain non-transferrable until December 31, 2024. This stipulation adds a unique dimension to the ownership and trading of these digital collectibles, setting a clear timeline for their transferability.
Trump’s NFT Success and Political Stance Amidst Election Season
Following the triumph of the former president’s earlier NFT endeavors, the current development unveils a new series of Trump Digital Trading Cards. Notably, the previous collection of these digital cards achieved a rapid sell-out, attesting to their popularity.
This launch aligns with Donald Trump’s prominent position in the Republican leadership race and his recent commitment to opposing the creation of a central bank digital currency (CBDC). In a campaign event in New Hampshire, the former POTUS declared his intent to prevent the development of a central bank digital currency if re-elected.
With the 2024 election approaching, Trump’s continued foray into NFTs introduces novel ways of engagement in the electoral race. According to NFT Price Floor rankings, Trump Cards collections currently hold the 16th position in NFT Brand ranking, boasting an accumulated market cap of 26,576 ETH.
Source: NFT Price Floor
The data from the platform reveals noteworthy trading activity, with three cards collectively achieving a trading volume of 66.479 ETH over the past 24 hours. Impressively, these cards achieved 366 sales, highlighting the significant market interest in Trump’s NFT ventures as the political landscape evolves.
Important: Please note that this article is only meant to provide information and should not be taken as legal, tax, investment, financial, or any other type of advice.
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