The collection included 47,000 NFTs, priced at $99 each, which generated a total revenue of $4.65 million for Trump. The NFTs licensed his name and likeness, just like his previous NFT collection.
Since its launch, the collection has been traded on the secondary reseller market with a trading volume of 890 Ether.
Although the NFTs in the collection have obtained a paid license to use Donald Trump’s name, likeness, and image, they are not owned or managed by the former president or any of his companies.
The Trump NFT series has a website that states:
“These are personal digital collectibles or ‘trading cards’ that you can collect, accumulate, trade, etc. Think of them like traditional baseball or basketball cards but stored digitally so you never have to worry about physical damage.”
The NFTs could be bought using either a credit card or Wrapped Ether (wEth), and buyers had the option to create an NFT wallet with Torus during checkout to securely store their collectibles.
The NFTs were created by artist Clark Mitchell and were minted on the Polygon blockchain network. According to developers, the NFTs with autographs were digitally signed by Trump himself.
The FAQ on the website explicitly stated that the Digital Trading Cards were not politically inclined and had no connection to any political campaign.
Last March, the Manhattan grand jury indicted former President Trump on over 30 charges of supposed business fraud. This incident led to the first NFT series of Trump, released in December, experiencing a surge in the price of around 50%, but eventually, the value started to decrease gradually.
