Donald Trump’s NFT cards are worth 80% less than their top-floor price

The collection of non-fungible tokens (NFTs) known as Trump Digital Trading Cards is now held by a total of 15,075 individuals, representing a 34% unique owner rate.

Data from OpenSea as of December 30 shows that the value of the newly created NFT line has fallen by 78% as the floor price has decreased from 0.84 ETH on December 18 to 0.186 ETH.

The Sweepstakes Entry Period began on December 15 and ended on January 1, so a total of 45,000 NFTs may be issued in Trump’s collection. Each NFT will set you back $99 throughout the enrollment term. Trump’s marketing of the “unique” assets resulted in an immediate sellout of the playing cards.

Trump is shown in a variety of heroic roles throughout the deck of cards. It has been made very clear by NFT International LLC, the firm that owns the NFT line, that former President Donald Trump does not “own, manage, or control” the firm.

The first public offering of NFTs resulted in $4.45 million in revenue for the company. At the time of writing, the project’s daily volume was 7,765 ETH, meaning that NFT International LLC was earning over $1 million from its 10% cut of each transaction.

After its first introduction, the NFT series came under fire for a number of imperfections, including improper internal minting, licensing mistakes, and alleged design copying, all of which contributed to a steep decline in the floor price. But it’s important to remember that Trump wasn’t always so welcoming of the cryptocurrency industry; in fact, he once called Bitcoin (BTC) a “scam,” saying he didn’t like it “because it’s another currency fighting against the dollar.”

Also Read: The FTX Founder Apparently Cashed Out $684K After Releasing On Bail

Disclaimer: The information provided in this article is for informational purposes only and should not be construed as financial or investment advice. Cryptocurrency investments are subject to market risks, and individuals should seek professional advice before making any investment decisions.

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