$83,724.00
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-6.59%Reading
Donald Trump’s first official NFT collection was the talk of the crypto world late last week, captivating Twitter and late night TV in the process. But after prices and trading volume surged over the weekend, both metrics have fallen sharply as the hype around the disgraced former U.S. president’s project is apparently fading.
Trump’s digital trading cards, which are minted on Ethereum scaling network Polygon, peaked on Saturday, December 17 with over $3.5 million worth of trading volume, per data from CryptoSlam. Sales price rose even higher on Sunday, with the NFTsselling for an average of just over $680 apiece, although total volume fell to nearly $1.95 million for the day.
On Monday, however, day-over-day trading dropped 57% to about $836,000 worth of ETH, with the average sale price falling to about $466. Today, the cheapest available Trump NFT up for sale on leading marketplace OpenSea is listed at just 0.21 ETH, or about $255.
Despite widespread mockery for a “major announcement” from former U.S. president Donald Trump that turned out to be the launch of an official NFT collection, Trump Digital Trading Cards have nonetheless captured the attention of traders. The collection spiked in trading volume after it launched on Thursday, to 5,548 ETH or over $6.5 million as of Sunday morning, according to OpenSea. The project currently sits on OpenSea’s homepage as the top-trending project. However, the price of Trump Digital...
Trump launched his digital trading card NFTs last Thursday, with 44,000 of the NFTs selling for $99 apiece in the primary sale. Buyers were incentivized by the possibility of winning a meet-and-greet or dinner with the former president, amid other potential perks. Another 1,000 NFTs were kept back by the project’s creators, for a total supply of 45,000.
Despite widespread mockery and criticism of the project—even from some of Trump’s own supporters—the project sold out within 24 hours and fueled secondary market demand. Since then, the project has racked up over $8.7 million worth of secondary trades.
Momentum peaked over the weekend, with the floor price—or cheapest listed NFT—hitting 0.84 ETH (about $990) on Saturday. Prices rose and fell in a volatile market ahead of the NFTs being skewered on NBC’s late-night comedy show, Saturday Night Live. Just three days later, the floor price has fallen 74% when measured in USD.
Trump’s digital trading cards project is ranked only 10th on CryptoSlam’s list of the top-selling projects over the last 24 hours. It has about $472,000 worth of sales during that span, while the Bored Ape Yacht Club tops the list with $3.8 million worth of NFT sales.
"Lost Children of Andromeda" author Jason Michael Primrose, Amanda Terry of Metagood and ACTAI Ventures, Artemysia-X of Rug Radio program LorePlay, and Kas Vegas of NFT INT, Huxley, and Feature.io all discussed how their work utilizes NFTs for storytelling, on a lively panel at Camp Decrypt moderated by What's Trending podcast host Shira Lazar.
Beyond it being a pairing of already-divisive subjects (Trump and NFTs), the project has also been criticized for apparently using stolen artwork for some of its cards. Furthermore, the 1,000 NFTs kept by the project’s creators appear to contain a disproportionate amount of the “rare” collectibles, prompting further skepticism from NFT observers.
Ethereum gaming metaverse platform The Sandbox will launch its Alpha Season 5 on Monday, March 31, bringing a number of new game experiences tied to major franchises. The six-week gaming event will introduce over 40 new games from an array of brands and franchises, including Jurassic World, Teletubbies, Atari, Attack on Titan, Terminator: Dark Fate, and Hellboy. As Decrypt previously reported, the season's flagship experience, Jurassic World: Dinosaur Preserve, invites players to manage a dinosa...
Two years after they were inscribed on the Bitcoin blockchain, the highly anticipated Taproot Wizards Ordinals collection will go on sale on March 25, the project's creators announced Tuesday. Taproot Wizards will consist of 2,121 Wizard NFTs, modeled after the iconic Bitcoin Wizard meme that surfaced on Reddit in 2013. The collection will be sold in two distinct phases, the first of which will offer Wizard NFTs to those on an allowlist for 0.2 BTC, or $16,340 at today’s prices. An eligibility c...
Tech giant Sony is commemorating 25 years since the launch of Aibo, its companion robot dog, with an officially licensed soulbound NFT collection called "Entertainment Robot Aibo” on the Soneium blockchain. The collection, which cannot be traded or transferred thanks to its soulbound nature, can be minted for free on OpenSea’s NFT marketplace, with users required only to pay a small gas fee to initiate the transaction. In its official Discord community, Soneium’s team wrote that Aibo’s return a...
