Donald Trump's NFT Collection Sold Out in 12 Hours

Donald Trump recently made an unusual announcement in which he announced NFT cards with the ex-president. Sales were not long in coming. In the first hour, I sold 743 NFTs from my collection. Further more. In 12 hours, the entire collection was completely sold out, as evidenced by statistics taken from the largest marketplace OpenSea.

After the sale of all cards was completed, it was determined that the total amount of funds raised was $4,450,000.

Trump's "important announcement" on the Truth Social portal caused a stir around the collection, causing a lot of hate from many people as well. The announcement of the sale of non-fungible items took place on Truth Social, as the ex-president was banned from Twitter and could not post there.

By "major announcement," many people initially assumed that Donald Trump would want to announce a second run for president or reveal other important details about his activities. When it turned out that he wanted to sell an NFT collection with his images, people were confused.

On the Polygon blockchain, Trump cards could be minted at a price tag of $99. Now the cheapest item with the image of the ex-president on OpenSea is estimated at 0.222 ETH, which is equivalent to $268 at the current exchange rate, that is, 2.7 times more expensive than the initial investment. The total trading volume, in turn, amounted to 1004 Ethreum, which in dollar terms is $1,214,840.

It is noteworthy that the creators of the collection have 10% of sales on the OpenSea marketplace.

The company behind the collection, NFT INT, has said the money will not go towards Donald Trump's 2024 presidential campaign. It is noteworthy that the NFT INT website also says that the company is not owned by Trump or any other organization. Instead, this former US president simply licensed his name, along with his likeness and appearance, for use in the project.

Although, according to the statement, the money earned by NFT INT will not go to finance the campaign of Donald Trump, the funds that the ex-US president will receive for licensing his estate and image can do so. According to Trump, NFT collections and the non-fungible token sector are something like a baseball card, only much more exciting.

The purchase of NFT tokens from the collection allows the holders to participate in a number of prizes, among which there is the opportunity to meet the former US president at Trump's private residence, Mar-a-Lago in Florida. Owners of 45 cards and more get this opportunity automatically. Dune reports that there are currently 202 people who have more than 45 Trump NFT cards on their account.