Donald Trump's NFT Collection Launches on Bitcoin Network
Donald Trump's Latest NFT Collection
Former President Donald Trump has unveiled his latest collection of non-fungible tokens, named the "Trump Bitcoin Digital Trading Cards," utilizing the Bitcoin network. This new series presents a total of 160 unique digital pieces, created through the innovative Ordinals protocol.
How To Claim Your NFTs
The official Twitter account associated with Trump's NFT offerings, CollectTrumpCards, announced that individuals who purchase 100 cards from the "Mugshot Edition" will have the opportunity to claim their NFTs via the Magic Eden marketplace. Participants must submit their Bitcoin wallet for the claiming process, with a limitation of one claim per wallet. The deadline for claiming these NFTs has been set for the end of January.
Exploring the Marketplace Activity
As of now, approximately 13 NFTs have already been listed on the Magic Eden platform. The current floor price for these NFTs stands at 0.177 BTC, which translates to about $16,815 based on market values. Notably, one NFT has an astonishing asking price of 20 BTC, equivalent to over $1.9 million.
Understanding Bitcoin Ordinals
Bitcoin Ordinals refer to the data inscriptions on the blockchain of Bitcoin, frequently linked to digital art and collectibles. This burgeoning NFT concept facilitates the tokenization of various assets, whether digital or physical, providing verified ownership through Bitcoin's blockchain network. As of recent reports, Bitcoin stands as the second-largest network for NFTs, amassing over $155 million in sales in the past month.
The Significance of Trump's NFTs
Trump's foray into the NFT sector began back in December 2022 with a highly successful initial collection that sold out in just one day. Since that first venture, he has introduced four additional collections, with the Ordinals being his latest project. Financial disclosures indicate that Trump's NFT initiatives have generated revenue exceeding $7 million, showcasing his lucrative position in the digital trading landscape.
Market Response to New Launch
Interestingly, the introduction of this newest series has led to a decline in the floor prices of Trump’s earlier NFT collections. In the past 24 hours, the "Mugshot Edition" has dropped in value by 2.19%, while the recently released "America First Edition" has seen a slight decline of 2.20% in value.
Frequently Asked Questions
What are Trump Bitcoin Digital Trading Cards?
These are non-fungible tokens (NFTs) launched by Donald Trump on the Bitcoin network, featuring unique digital assets.
How do I claim the Trump NFTs?
Users must purchase 100 cards from the Mugshot Edition and submit their Bitcoin wallet on the Magic Eden marketplace to claim their NFTs.
What is the current price of the NFTs?
The floor price for the listed Trump NFTs on Magic Eden is currently 0.177 BTC, or about $16,815.
How many NFTs are in the collection?
The Trump Bitcoin Digital Trading Cards collection comprises 160 unique NFTs.
Why is Bitcoin important for NFTs?
Bitcoin’s blockchain provides a platform for inscribing data, allowing for secure ownership and trading of digital art and collectibles.
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