- The Trump Card NFT collection currently has a floor price of 0.59 ETH.
- Trump unveiled the line 30 days after announcing his presidential run in 2024.
- Donald Trump might promote NFT adoption if he uses Polygon and has experience in real estate.
As per OpenSea, on each secondary sale of Trump’s Card NFT, Billy Zanker receives a 10% royalty; the most recent sale brought in $4,400. The collection’s floor price peaked on December 15, 2022, and fell to 0.179 ETH on January 10, 2023. Direct sales of polygons brought in $4 million.
The immutable digital ownership record of a tangible or intangible object on a blockchain network is called an NFT. In the case of digital goods, the NFT is a certificate in the owner’s cryptocurrency wallet that certifies ownership of the files at a given URL. In February 2023, there were 259 unique buyers of the Trump collection, compared to 6,892 in December 2022, according to CryptoSlam, an NFT market aggregator.
Businessman Zanker started the Donald Trimble NFT initiative. Trump unveiled the line 30 days after announcing his 2024 presidential run. The former American president’s image appears on trading cards alongside images of an astronaut, a superhero, and a cowboy.
During Donald Trump’s presidency, the price of bitcoin increased 2,600% from $1,100 to just under $30,000. According to the House Financial Services Committee chairman, a subcommittee on digital assets will hold hearings. If Congress is aware of the NFTs’ commercial potential, it may be less likely to react negatively to the demise of FTX.
One report suggests that the NFT collector in 2023 will have access to unique communities. Given Trump’s real estate background, we might also see a significant NFT sector in 2023 or beyond. NFT-based estate documents could encourage adoption as asset tokenization develops as a lucrative industry for institutions.