Donald Trump Launches New NFTs:
Former President of the United States, Donald Trump, has recently unveiled a new collection of NFTs called the “Mugshot Edition”.
Trump Ventures Into a New NFT Adventure
Donald Trump, the former president of the United States, has just launched a new NFT collection known as the “Mugshot Edition”.
As the name suggests, this initiative directly references his legal troubles.
Unique Benefits for NFT Holders
Each NFT is sold for $99 and promises exclusive benefits. For example, purchasing 47 or more cards offers a “dinner with Trump at Mar-a-Lago” and a piece of the suit he wore during his arrest in August.
However, the supply of the collection has not been specified on the mint’s website.
If you want to get your hands on one of these NFTs, you’ll need to undergo a “Know Your Client” (KYC) identity verification, even if you decide to pay with cryptocurrencies. This choice may not please all investors given the inherently decentralized nature of non-fungible tokens.
Trump’s Previous NFT Collections Dump After the Announcement
This announcement has caused fluctuations in the prices of Trump’s previous NFTs, which were launched last year and in April of this year.
Indeed, the NFTs saw their value drop by about 50% before rebounding slightly.
Despite his initial skepticism towards cryptocurrencies, Trump now holds $2.8 million in a wallet from NFT sales.
Furthermore, the results of the next presidential election in the United States could have a significant impact on the price of Trump’s NFTs.
