A second set of non-fungible tokens (NFTs) bearing the name and likeness of former US President Donald Trump sold out on April 19, a day after its initial launch.
The collection, which includes 47,000 Trump digital collectibles priced at $99 each, netted more than $4.65 million. The collection of "Trump Digital Trading Card Series 2" has reached 750 Ether on the secondary market OpenSea in transaction volume.
The Trump NFT uses the former president's "name, likeness, and likeness" under a paid license and is not owned, managed, or controlled by Donald J. Trump or the Trump Organization. If an individual buys 47 digital trading cards or buys 100 crypto cards, they will get a ticket to Trump's dinner in South Florida.
According to the FAQ section of the website introducing the NFT series: "These are personal digital collectibles or 'trading cards' that you can collect, accumulate, trade, etc. Think of them like traditional baseball or basketball cards, but stored digitally so you never have to worry about physical damage."
NFTs can be purchased via credit card or Wrapped Ether (wETH), and if users do not already have a wallet to receive NFTs, they can use Torus to create one during checkout. Additionally, even if users pay in cryptocurrency to receive collectibles, they must pass Know Your Customer verification. Additionally, NFTs are minted on the Polygon blockchain and designed by artist Clark Mitchell. The developers claim that each autographed card is autographed by a former president.
"These digital trading cards are not political and are not associated with any political campaign." On March 31, a Manhattan grand jury instructed the former US president on more than 30 counts related to alleged commercial fraud. Since then, the price of Trump's Series 1 NFT, which will be released in December 2022, has soared well above its initial reserve price. The former president is running for a non-consecutive second term in the 2024 election.
