Trump Dips Into Bitcoin Ordinals as His NFT Ambitions Fizzle

By Jason Nelson

Looking to pump new life and funds into his campaign, former U.S. President Donald Trump is climbing aboard the Bitcoin train by launching a new NFT collection that will be minted on the number one blockchain using Ordinals inscriptions.

A tweet by the Collect Trump Card account—which has previously promoted other Trump-related projects—explains that 200 cards featuring images from the Trump MugShot collection will be inscribed on the Bitcoin blockchain, with the inscriptions being made available for sale on Magic Eden at a later undisclosed date.

According to the Collect Trump Cards website, the 100 NFTs must be purchased with Wrapped Ethereum. Wrapped tokens are digital assets that allow the value of a native asset like Bitcoin or, in this case, Ethereum, to transfer from one blockchain to another.

Looking to boost sales, the first two hundred people who purchase 100 Trump NFTs in a single transaction will then be issued a "one of one" inscription when it is created. Those who purchase the 100 NFTs will also receive two VIP tickets to an event hosted by Trump at Mar-a-Lago.

“All Trump Digital Trading Cards: MugShot Edition, are non-transferrable until December 31, 2024,” Collect Trump Cards said. “Be part of the Trump Collectors Community!”

At the time of writing, less than half of the NFTs in this latest drop have been minted, per OpenSea.

The Ordinals collection is only the former President’s latest foray into digital collectibles. In December, the MugShot Edition launched a collection of 100,000 NFTs on the Polygon network.

Later that month, the former president sold 1,075 ETH, around $2.4 million at the time, according to blockchain intelligence firm Arkham.

The Collect Trump Card Twitter account made sure to disclaim that the NFTs are for entertainment only.

“Trump Digital Trading Cards (NFTs) are intended as collectible items for individual enjoyment only, not for investment vehicles,” the account said. “These Digital Trading Cards are not political and have nothing to do with any political campaign.”

Edited by Ryan Ozawa.

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