- Former President Donald Trump announces the minting of a limited edition of 200 “Mugshot Edition” trading cards as NFTs on Bitcoin Ordinals.
- This move follows the success of Trump’s previous NFT ventures and coincides with his lead in the Republican leadership race and his stance against central bank digital currencies (CBDCs).
In a bold move blending technology and politics, former President Donald Trump is set to make a striking entry into the world of non-fungible tokens (NFTs) using Bitcoin Ordinals. With elections on the horizon, Trump’s foray into the digital collectibles space signals an innovative approach to engaging with supporters.
Trump’s Innovative NFT Venture
This initiative marks Trump’s debut on Bitcoin Ordinals, a platform that gained attention last year for inscribing art and collectibles directly onto the Bitcoin blockchain. The CollectTrumpCards announcement on X platform revealed the plan to mint Trump Digital Trading Cards NFTs on Bitcoin, with a limited edition of 200 unique “Mugshot Edition” trading cards. Only 99 of these cards remain available for purchase, offering exclusivity to collectors.
The Trump Trading Cards can be acquired using Wrapped Ether (WETH), reflecting a cross-chain interaction between Ethereum and Bitcoin ecosystems. The inscription process for these Ordinals will be facilitated on Magic Eden, allowing collectors to claim their unique digital assets.
Previous Success and Political Context
Trump’s venture into NFTs isn’t his first; his earlier series of digital trading cards witnessed rapid sell-outs, showcasing his influence in the digital collectible market. This latest series not only adds to his NFT portfolio but also intersects with his political activities. Amidst his lead in the Republican leadership race, Trump has voiced his opposition to the development of a central bank digital currency. His commitment to prevent the creation of a CBDC, if elected again, resonates with a segment of the crypto community wary of centralized digital currencies.
Market Impact and Election Implications
The Trump Cards collection currently ranks 16th in the NFT Brand ranking with a market cap of 26,576 ETH. In the last 24 hours, three cards recorded a trading volume of 66.479 ETH and 366 sales, as per NFT Price Floor data. These numbers underscore the significant market impact of Trump’s NFTs.
As the 2024 election draws nearer, Trump’s engagement with NFTs offers a novel avenue for political engagement and supporter interaction. This move could signal a new era in which political figures leverage blockchain technology and digital assets to connect with a tech-savvy electorate, blending traditional campaign strategies with the innovative world of cryptocurrencies and NFTs.