(Dmytro “Henry” Aleksandrov, Headline USA) Despite the initial mockery and disappointment, Donald Trump’s non-fungible token [NFT] digital trading card collection sold out this Friday, only the day after it was released, according to Yahoo! Finance.
It all started with Trump making his “major announcement” on Truth Social.
“MAJOR ANNOUNCEMENT! My official Donald Trump Digital Trading Card collection is here! These limited edition cards feature amazing ART of my Life & Career!” he wrote.
“Collect all of your favorite Trump Digital Trading Cards, very much like a baseball card, but hopefully much more exciting.”
The result, however, was as shocking as the 2016 election to leftists — digital cards became a huge success.
The collection’s trading volume is 900 ETH, or about $1.08 million and its floor price is about 0.19 ETH, or about $230 – more than double the original price of $99 – OpenSea data stated.
Some tokens are even more expensive.
“The one-of-ones, the rarest of the NFTs, which comprise 2.4% of the 45,000 unit collection (roughly 1,000), are selling for as much as 6 ETH at the time of writing,” Yahoo! reported.
“One of these rare trading cards, of the 45th president standing in front of the Statue of Liberty holding a torch, is currently listed at 20 ETH, or about $24,000.”
The reason why the prices for the cards skyrocketed was because of the popularity of cards.
“According to data from Dune Analytics, nearly 13,000 users minted 3.5 tokens upon the release of the collection. Additionally, 115 customers purchased 45 NFTs, which is the minimum number of tokens that guarantees a ticket to dinner with Trump,” Yahoo! reported.
“17 people purchased 100 NFTs, which, according to the Trump Trading Card site, was the maximum quantity allowed to mint. However, additional metrics from Dune show that other wallets held far more.”
“Currently, 1,000 NFTs, including many one-of-ones, are held in one Gnosis Safe multi-signature wallet, which appears to be the wallet receiving royalty payments from the secondary sales of the NFTs,” the news outlet added.