Trump’s NFT Collection Sells Out in Hours
- The 45,000 NFT trading card collection created by Donald Trump, which had an initial price of $99 per token, was sold out within hours of its release on 15 December.
- Data from popular NFT marketplace OpenSea shows the collection has already surpassed 1,200 ETH in trading volume, with the token’s floor price hovering around 0.15 ETH.
President-Elect Donald Trump smiles as he pauses during a speech at rally, Hershey, Pennsylvania, 15 December 2016. Evan El-Amin/Shutterstock
The 45,000 non-fungible token (NFT) trading card collection created by former U.S. president Donald J. Trump sells out within hours after its initial release.
The NFT collection — that was minted on Polygon and features images of Trump in outfits such as hunting gear and superhero costumes — was put up for sale late on Thursday, and had an initial price of $99 per token. The collection was first unveiled on Trump’s social media platform Truth Social on 15 December, in what he called a “major announcement”.
All tokens were sold out within hours of their release, and data from popular NFT marketplace OpenSea shows the collection has already generated around 1,200 Ether (ETH) in trading volume. The floor price of the NFTs has also doubled since their release — currently sitting close to 0.15 ETH (around $180) — while some tokens have already exchanged hands for 6 ETH.
Individuals who decided to buy at least one of the digital trading cards were automatically entered into a “sweepstakes” to receive “experiences” with the former U.S. president, while those that bought 45 NFTs at once were guaranteed a ticker to a gala dinner at Mar-A-Lago. The “sweepstakes” rewards included an individual meeting with Trump, a golfing trip, and an individual and group meeting with the former president via Zoom.
- Nike will begin airdropping 106,453 “posters” for its “Our Force 1” NFT collection on Tuesday, giving .Swoosh users early access to the virtual sneakers.
- The sale of the NFT collection will begin on 10 May, or 8 May for poster holders, and each digital box will be prices at $19.82, a tribute to the year the Air Force 1 sneaker was first released.
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- The NFT marketplace revealed that creators will be able to set the fees for selling NFTs on Arbitrum starting Wednesday.
- OpenSea recently launched a new “immersive” drop experience, called SeaDrop, which provides NFT creators with customizable drop pages.
- According to the NFT marketplace, its customers’ emails were leaked to an outside party by an employee of Customer.io.
- The company has reported the incident to law enforcement officials, and reminded its customers to be weary of phishing attacks.