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Trump Drops Second Series of Digital Trading Card Collection
Earlier this month, the floor price on the original Trump NFT collection jumped after the news of his indictment, but the new Series 2 release has sent the first collection’s price downward.
Despite his recent indictment, Donald Trump isn’t slowing down with his Web3 ambitions. The former U.S. president announced Tuesday the release of a "Series 2" of his NFT collection Trump Digital Trading Cards.
Trump shared the news on his social network Truth Social, telling followers that after “great success,” he’s expanding the collection with a second mint that’s now available to collectors.
STORY CONTINUES BELOW
In case you're still kicking yourself for passing on the Trump NFTs the first time around pic.twitter.com/wz83Sb6WTs
— Republican Accountability (@AccountableGOP) April 18, 2023
While the tokens will be minted on the Polygon blockchain and remain at their original mint price of $99, the art, rarity traits and utility features will differ from the first collection. For starters, Series 2 includes 47,000 non-fungible tokens – 2,000 more than the first series. That could be a nod to his ambition to return to the White House as the 47th president.
According to the Trump Digital Trading Card website, no 10 tokens will have the same features. Rather than a sweepstakes, collectors who purchase 47 tokens can claim a dinner with Trump at his Mar-a-Lago resort in Florida. Collectors who purchase 100 tokens with a cryptocurrency will earn the dinner and a unique Trump-themed artwork.
BREAKING: Trump Digital Trading Cards are expanding and launching Series 2.
— TylerD 🧙♂️ (@Tyler_Did_It) April 18, 2023
📉The S1 Trump Cards instantly did a cliff-dive on the news, down 44% to 0.22 ETH. pic.twitter.com/Px35VmcFFs
Upon the news of the upcoming collection, the floor price of the original collection on secondary market OpenSea lost about half its value, sinking to 0.2 ETH (about $420) from nearly 0.4 ETH ($840).
Trump released his first NFT collection in December, which sold out in hours. According to a recent filing from the U.S. Office of Government Ethics, Trump earned between $500,000 and $1 million from the collection.
In April, the first collection’s value pumped on the secondary market due to the news of his arrest.
Cam Thompson
Cam Thompson was a Web3 reporter at CoinDesk. She is a recent graduate of Tufts University, where she majored in Economics and Science & Technology Studies. As a student, she was marketing director of the Tufts Blockchain Club. She currently holds positions in BTC and ETH.
