Donald Trump Expanding NFT Offerings to Bitcoin Network
You are set to witness Donald Trump expanding his non-fungible token (NFT) offerings to the Bitcoin network through the Ordinals protocol, expanding the reach of his NFTs.
New $99 NFT Collection on Bitcoin Ordinals
The new collection is limited to just 200 NFTs and is exclusively available for the first 200 buyers of the “Mugshot Edition” launched late last year. Each new “Mugshot Edition” NFT is priced at $99 on Wrapped Ether ($WETH), and only 99 are currently remaining up for grabs.
Ordinals Protocol in Bitcoin
Ordinals on the Bitcoin network allows the inscription of unique, non-fungible data onto individual satoshis, the smallest unit of Bitcoin. This concept transforms these satoshis into one-of-a-kind digital artifacts akin to NFTs on other blockchain platforms.
NFTs for Collection and Not for Investment
These NFTs, including the “Mugshot Edition”, are meant purely for collection, not as investment assets or political endorsements. Collectors will later be able to claim Ordinals inscriptions on Magic Eden on Bitcoin, and trading of the Mugshot NFTs will be on hold until December 31, 2024.
Unique Collection Features Significant Moments in Trump’s Life
The “Mugshot Edition” features a unique theme based on significant moments in Trump’s life and career, including a photo from his arrest and exclusive opportunities for supporters, such as a dinner with Trump at Mar-a-Lago.
Donald Trump’s Past NFT Success
Donald Trump has previously launched two other NFT collections, both selling out rather quickly and generating substantial revenue. Trump’s Ethereum holdings, largely from NFT sales, were valued at $5 million, revealed by a report from the legal advocacy group Citizens for Responsibility and Ethics in Washington.
Hot Take: Donald Trump Continues to Make Waves with NFT Expansion
Donald Trump’s move to expand his non-fungible token (NFT) offerings on the Bitcoin network shows his continued influence on the digital collectibles market and his ability to generate substantial revenue through NFT sales.
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