- Donald Trump recently announced his plans to run for office in the 2024 elections, a few years after he was defeated by Joe Biden.
- The business mogul will launch his NFTs on the Polygon blockchain, and about 45,000 will be created at first.
- Trump chose to launch his NFT collection at a time when the entire blockchain industry is in turmoil following the collapse of the FTX exchange.
Former US president Donald Trump has announced the launch of his new NFT collection, titled “Donald Trump Digital Trading Card Collection.” Trump, who has a reputation for releasing branded products, shared the news on the social media platform, Truth Social, writing that the collection “would make a great Christmas gift. Don’t Wait. They will be gone, I believe, very quickly!”
The successful businessman noted that the digital cards will include art portraying his life and career and will be a limited-edition series. The former president revealed that the collection has similarities to a baseball card but holds more excitement.
The website for the collection states that each card will be sold for $99. Prizes for a competition related to the collection’s launch include a 1-on-1 Zoom call and an hour of golf with Trump. About 45,000 NFTs will be created for the collection’s debut and will be minted on the Polygon blockchain.
The NFT industry is not currently in the best condition. The lengthy bear market has hit the prices of different cryptocurrencies. So, the hype and demand for various NFT collections have dropped. Things recently got worse as a result of the collapse of the FTX exchange and the demise of the Terra in May.
Trump’s decision to launch an NFT collection comes after his 2024 presidential campaign was made public. Trump, who was president of the United States from 2017 to 2021, lost his attempt for reelection in 2020 and claimed that the election had been rigged.