Donald Trump, the ex-president of the United States of America, had made an announcement of NFT trade cards featuring himself. In a plan to release a limited edition of NFT trade cards, he would be portrayed as a superhero.
There would also be cards in which he would be an astronaut, a cowboy, a billionaire, a Nascar driver, and furthermore. As per the announcement, particular cards would be released as a collector’s edition limited one and others would be in a limited number of 20 or alike.
The new money-making venture is reported to have already faced a decline in the sale and the resale value is also falling down more sharply than expected. It would be a hard blow for Trump; he is looking forward to being a part, again, of the presidential elections.
The announcement came out as the “Donald Trump Digital Trading Card” and featured a series of NFT trading cards worth $99.
The announcement was incorporated in a tweet on Trump’s Twitter account and it received mixed reactions. When some people gave him a cool title, some constructively criticized him.
Trump was named as an extremist and a narcissist, he was also called out for his act which many viewed as a mockery of the NFT trading cards.
The ex-president of the United States of America had also announced multiple rewards and bonuses for the buyers of the digital cards.
An opportunity to go to the Gala Dinner with Donald Trump. The buyers would be benefitted from the number of cards they buy. If a buyer has bought 45 or above trading cards that would make them the winner who gets to go to the South Florida Gala Dinner, accompanying Trump.
There are sweepstakes included in each card and other attractions of becoming the winner, are getting to play a golf game with Trump at his own golf course or an opportunity for a meet and greet, or even signed memorabilia.
Polygon blockchain network would be undertaking the minting process of the NFT digital trading cards. The cards could be bought via a credit card or a wrapped ETH.
A website has appeared for the sale of the same, including details about the cards and the market. As per the website, it states that the Trump digital trading cards (NFT s) were intended as collectible items for individual enjoyment only and that it was not for investment vehicles.
The NFT market is facing a fall in the trading volume of the Non–Fungible Tokens (NFT s). The total market capitalization of the NFTs is at 2.4 billion USD as of now whereas it was at 23 billion USD the previous year.
It had a decline of 8% alone in the just overestimation. Given this, the Trump NFTs would not be able to guarantee a sale, that too as individual collectible items.
When considering an example of taking out a Trump digital card, the Trump NFT card which was on sale with the title of Trump Digital Trading Card #10337 had an original sale of 0.095 Ether (approximately 120 USD). By mid-Thursday, the best offer it received was 0.0565 Ether (approximately 71.89 USD).
It is reported as an unlucky timing in the digital trading card release.
The cards are not getting an expected sale nor is it causing a trend in popular culture.
Trump made the official announcement of the cards after hinting about a major announcement coming up. He quoted in capital letters that America needs a Superhero.
His supporters and critics were looking forward to but never expected he would be appearing as a superhero himself in the digital trading cards, not even the launch of the cards.
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The resale value of the cards is on the decline. His NFTs were listed for sale at $99. If he gets able to sell it at the originally listed price, then he would be able to generate 4.45 million USD.
It is considered as an unlucky time for the ex-president. Earlier in November, he had made his third presidential bid. And many of the polls that followed concluded that his standing had a considerable decline among the voters of the Republican party. It was in 2015 when there was such a low approval rating before this.
It is a fact that the cards are inclusive of attractive winnings but it is another fact that they would still face struggles to get sold in the current NFT market value and place.
In one of the cards, Donald Trump was seen ripping his shirt open to reveal a superhero outfit beneath it. A huge T was on the chest portion of the outfit and in the backdrop, there was the Statue of Liberty and a wavering flag of the United States of America.
In another card, he was seen standing, wearing a suit, showing a gesture of thumbs up with both his hands and unreal-sized golden bars flying around him.