Donald Trump Launches Special NFTs with a Trading Twist: What You Need to Know?

Donald Trump's Special NFTs with Unique Features and Trading Rules.

Jan 19, 2024 - 02:42
Jan 19, 2024 - 02:42
Donald Trump Launches Special NFTs with a Trading Twist: What You Need to Know?
Donald Trump Launches Special NFTs with a Trading Twist

former U.S. President Donald Trump has introduced a unique NFT concept on the Bitcoin blockchain. Priced at $9,900, the "mugshot edition" NFTs, originally launched on the Polygon blockchain in December, come with an added twist – a distinctive ordinal card on the Bitcoin blockchain.

Announced through a post on X, Trump's NFT venture offers collectors the chance to acquire 100 of his exclusive "mugshot edition" NFTs at $99 each, with the added bonus of receiving a one-of-a-kind ordinal card. Described as "The First Ever Trump Trading Cards officially created on the Bitcoin Blockchain!" in a tweet thread, the announcement carried a unique charm with its unconventional capitalization and grammatical quirks.

The exclusivity of these ordinal cards is emphasized, with only a maximum of 200 of these "one of one" ordinals set to be minted, according to the post.

However, there's a catch for potential buyers: both the ordinal cards and the 100 accompanying NFTs are subject to a trading restriction until December 2024. This limitation, as explained in the announcement thread, is aimed at reducing their appeal as "investment vehicles." While this move may safeguard against speculative trading, it also raises questions about the essence of these collectibles in the NFT landscape, as their trading restrictions deviate from the typical characteristics associated with NFT ownership.

Donald Trump's foray into the NFT space continues to evolve, bringing a distinct flavor to the digital collectibles market. The unconventional approach to trading limitations adds a layer of uniqueness to the offering, prompting observers to ponder the intersection of politics and the rapidly expanding world of blockchain-based art and collectibles.

Also Read: Bitcoin ETF Decision Day: Investors Await SEC Verdict Today?

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