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Earlier today, Former President, Donald Trump announced the launch of his own NFT collection. The NFT collection has been making headlines and met with mixed reactions from both the media and consumers.
The NFTs, of which there are 45,000 commemorating various scenes from Trump’s life, are being sold through CollectTrumpCards.com and are priced at $99 per NFT. The collection is produced and sold by a company called NFT INT LLC. The company, which is unknown in the Web3 space, is based in a shopping mall in Park City, Utah.
Trump officially announced the collection in a video that is going viral on Twitter:
NFT buyers will be entered into a contest to win Trump-related prizes such as dinner with the Former President, golf at one of his courses, or a Zoom call with Trump.
At the time of writing, the collection has sold approximately $45,000 worth of NFTs. This amount reflects approximately 10% of total NFTs sold. If the entire collection is sold, the main market sales will generate about $4.5 million in revenue. Collection sales can be followed on OpenSea.
Once the NFTs are sold, buyers can purchase Trump NFTs from other holders on the secondary market. The company that produces the NFTs will earn 10% of all sales on the secondary market.
Are the funds going to Trump?
No, according to the website, the funds will go to NFT INT, the company that markets them. NFT INT purchased the licensing rights to the possibility of DJT and it appears that he does not directly benefit financially from the sale of these NFTs.
How can you buy Trump NFTs?
If you want NFTs, you can buy them on the website using a credit card or crypto.
This is a developing story and will be published as new information is made available.
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Sources 2/ https://nftlately.com/donald-trump-just-launched-an-nft-collection-heres-what-you-need-to-know/ The mention sources can contact us to remove/changing this article |
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