Former U.S. President Donald Trump has released a new series of digital collectibles that are hosted on the Bitcoin blockchain. However, these collectibles come with a unique twist – they cannot be traded by their owners until December 2024. This limitation has raised eyebrows among enthusiasts.
The official Trump Cards account announced that collectors who invest $99 for 100 NFTs will also receive a unique digital card called an “ordinal” on the Bitcoin blockchain. Trump promoted these as the “First Ever Trump Trading Cards officially created on the Bitcoin Blockchain!”
The catch is that only 200 of these “one of one” Ordinals will be minted, and this limitation has diminished their appeal as NFTs.
Donald Trump’s NFT Collection
In December 2022, Trump released his NFT collection called “Trump Cards,” featuring digital cards depicting him in various poses and situations. This collection has generated over $26 million in trading volume. He also launched a second series of Trump Trading Cards in August 2022, which sold out immediately. The ownership of these projects has been a subject of speculation.
According to the official Trump Trading Cards website, CIC Digital LLC allowed NFT INT LLC to use Trump’s likeness under a paid licensing agreement. The website also states that funds raised from the NFTs will not be used for Trump’s presidential campaign.
In an April filing, Trump disclosed that he earned up to $1 million from the sales of his digital trading cards. He holds positions at CIC Digital LLC and CIC Ventures LLC.
Hot Take: Controversy Surrounding Donald Trump’s Bitcoin Ordinals NFT Collection
Former U.S. President Donald Trump’s latest venture into the world of NFTs and digital collectibles has sparked controversy. The release of his Bitcoin Ordinals NFT collection, which includes unique digital cards called “Ordinals,” has left many enthusiasts puzzled due to a trading limitation that prevents them from being traded until December 2024. This limitation, intended to prevent the NFTs from being seen as investment vehicles, has ironically diminished their appeal.
Despite the controversy, Trump’s previous NFT collection, “Trump Cards,” has been successful, generating over $26 million in trading volume. The ownership of these projects has been a topic of speculation, and Trump has disclosed earnings of up to $1 million from the sales of his digital trading cards. Overall, Trump’s foray into the world of NFTs and digital collectibles continues to generate attention and debate.
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