Donald Trump’s NFT Series Sells Out, but Trading Card Floor Prices Plummet
According to reports, Donald Trump reported on the social media platform Truth Social that his newly launched NFT series Trump Digital Trading Cards Series 2 has sold out a total o
According to reports, Donald Trump reported on the social media platform Truth Social that his newly launched NFT series Trump Digital Trading Cards Series 2 has sold out a total of 47000 digital trading cards, totaling $4.6 million. However, the floor prices of these transaction cards have significantly decreased, with OpenSea data showing that the floor prices of this series have dropped from 0.42945 ETH to 0.18 ETH in the past 24 hours. （AOL）
Donald Trump claims to earn $4.6 million from his new NFT
Former US President Donald Trump has once again made headlines with the successful launch of his new NFT series called the Trump Digital Trading Cards Series 2. Trump announced on the social media platform, Truth Social, that the series has officially sold out with a total of 47,000 digital trading cards, raking in an impressive $4.6 million. However, the buzz surrounding these NFTs is short-lived, as the floor prices of this series have significantly decreased recently.
Outline
1. Introduction
2. Donald Trump’s NFT Series Release
3. NFTs: What Are They?
4. Trump’s Digital Trading Card Series 2: The Basics
5. Trump’s Digital Trading Card Series 2: The Success
6. Downsides to Trump’s Digital Trading Card Series 2
7. The Future of NFTs
The Article
**Introduction**
Former US President Donald Trump made headlines with the successful launch of his new NFT series called the Trump Digital Trading Card Series 2. True to his flamboyant personality, Trump announced on the social media platform, Truth Social, that the series has officially sold out with a total of 47,000 digital trading cards, raking in an impressive $4.6 million. However, the buzz surrounding these NFTs is short-lived, as the floor prices of this series have plummeted.
**Donald Trump’s NFT Series Release**
The release of Donald Trump’s NFT series follows in the footsteps of other celebrities such as Elon Musk, Post Malone, and Paris Hilton, who have all jumped on the NFT bandwagon. NFTs or non-fungible tokens are digital assets that represent ownership of a unique item, such as media files, tweets, and other digital content.
**NFTs: What Are They?**
Unlike cryptocurrencies, NFTs cannot be exchanged for one another since each is one-of-a-kind. They are blockchain-backed assets, which means that they are stored on a decentralized and secure network. This technology allows for the unique ownership, transfer, and trading of digital assets, leading to a whole new world of digital art ownership.
**Trump’s Digital Trading Card Series 2: The Basics**
Trump’s Digital Trading Card Series 2 is a set of NFTs that includes trading cards featuring some of the most memorable moments of Trump’s presidency. Replicas of some of the cards have been circulating on the internet, ranging from depictions of his inauguration and State of the Union addresses, to his infamous tweets and speeches.
**Trump’s Digital Trading Card Series 2: The Success**
With the hype surrounding the release of the series, it’s not surprising that it reportedly has already sold out within hours of its launch. The series has sold a total of 47,000 digital trading cards, raking in an impressive $4.6 million. The popularity of the series highlights the growing demand for NFTs and the power of celebrity endorsements.
**Downsides to Trump’s Digital Trading Card Series 2**
However, the initial excitement surrounding Trump’s Digital Trading Card Series 2 was short-lived, as the floor prices of this series have significantly decreased recently. OpenSea data shows that the floor prices of this series have dropped from 0.42945 ETH to 0.18 ETH in the past 24 hours, which is a significant drop that resulted in financial losses for some investors.
**The Future of NFTs**
The hype surrounding NFTs has been both perplexing and bursty. It’s unclear whether they represent a true shift in the digital world or just another trending fad. Nevertheless, their popularity is indisputable, and the potential for the technology behind them remains to be explored.
**Conclusion**
The release of Donald Trump’s NFT series following the trend of other celebrity NFT series is indicative of the NFT craze. Although Trump’s Digital Trading Card Series 2 undoubtedly saw early success, the decrease in floor prices highlights the unstable nature of the market. The hype around NFTs raises questions regarding the sustainability of the trend and whether it represents a true shift in the digital world.
FAQs
1. What are NFTs, and how do they work?
– NFTs or non-fungible tokens are digital assets that represent ownership of a unique item, such as media files, tweets, and other digital content. They are blockchain-backed assets, which means that they are stored on a decentralized and secure network.
2. What is Donald Trump’s Digital Trading Card Series 2?
– Trump’s Digital Trading Card Series 2 is a set of NFTs that includes trading cards featuring some of the most memorable moments of Trump’s presidency.
3. Why have the floor prices of Trump’s Digital Trading Card Series 2 decreased?
– OpenSea data shows that the floor prices of this series have dropped from 0.42945 ETH to 0.18 ETH in the past 24 hours, which is a significant drop that resulted in financial losses for some investors.
This article and pictures are from the Internet and do not represent qiAiAi's position. If you infringe, please contact us to delete:https://www.qiaiai.com/crypto/17120.html
It is strongly recommended that you study, review, analyze and verify the content independently, use the relevant data and content carefully, and bear all risks arising therefrom.
Related recommendations
-
Today, the panic and greed index is 64, and the level is still greedy
According to reports, the panic and greed index today is 64 (yesterday was 64), with the level of greed remaining the same as yesterday, and the level remains greedy.
Today, the pa -
What does TikTok mean (where is TikTok mentioned)
What does it mean to withdraw new currency? According to Cointelgraph, when the Coin On Exchange released an announcement, what does it mean to withdraw new currency To put it simply, “You are going to issue a new Cryptocurrency”, which is different from Bitcoin. The value of Bitcoin is supported by the “blocks” generated by its mining and created and maintained by the asset itself. This means that if someone wants to sell their Bitcoin at a lower price than anything else or convert it into a different token, they can exchange this coin for these newly minted cryptocurrencies Usually, people will put a bunch of newly created things in one place, but they believe that this method is not worth or should not exist. “ Withdrawal refers to where to mentionWithdrawal refers to which exchanges or wallet addresses to mention, and where to withdraw coins. Usually, “withdrawal” refers to the withdrawal operation from a certain platform; Transfer and recharge…
-
Stable Currency Legislation and the Digitization of the US Dollar
According to reports, Jeremy Allaire, the CEO of Circle, stated that the United States must implement stable currency legislation and digitize the US dollar (USD) to alleviate the
-
Twelve Hours In Shanghai: Exploring The Franklin and Standard Chartered Bank
12: 00-21:00 Keywords: Shanghai, Franklin, India, Standard Chartered Bank
Important updates on the evening of April 24th
If you have 12 hours in Shanghai, there is no way you can m -
Regulators Blaming Cryptocurrency as Scapegoat for Banking Failures
According to reports, Cathie Wood, founder of ARK Invest, stated on Twitter that cryptocurrency had not led to the bankruptcy of Silicon Valley banks and Signature, and that the “culprit” was the Federal Reserve. Due to the shortage of venture capital funds and the high yield of money market funds, deposits have left the US banking system. Cathie Wood believes that regulators use cryptocurrency as a scapegoat for their regulatory failures in traditional banking. Cathie Wood: The Federal Reserve is the “culprit” in the bankruptcy of Silicon Valley banks and Signature Analysis based on this information:According to Cathie Wood, the founder of ARK Invest, regulators are blaming cryptocurrency for traditional banking failures. Wood believes that cryptocurrency has not led to the bankruptcy of Silicon Valley banks and Signature but rather the “culprit” is the Federal Reserve. Reports suggest that due to the shortage of venture capital funds and the high yield of money market funds, deposits have left the US…
-
Celsius Network Bankruptcy: What You Need To Know
According to reports, the bankrupt cryptocurrency lender, Celsius Network, announced that it will advance its Chapter 11 restructuring plan and provide a disclosure statement conta
-
What is the use of Ethereum for real life (what are the applications and prospects of Ethereum)
What’s Ethereum good for real life What’s Ethereum good for real life? Ethereum is a decentralized network that can be used to send and receive digital currencies worldwide Blockchain technology has the characteristics of high throughput, scalability, and security, enabling real-time payment transactions, as well as data storage and sharing. It can also enable applications to create blockchain based applications or systems to manage their financial activities, including asset tokenization, loans, and other financial services. Blockchain technology communicates through distributed networks, providing a new infrastructure layer for the internet, allowing people to use its data for online transactions, analysis, and verification of information The benefits of Ethereum to real life are mainly reflected in the following points: Users can directly control their own funds and accounts through smart contracts; Ethereum supports multiple functions, such as wallet, identity authentication, etc; Blockchain can automatically identify the personal privacy of specific users, thus avoiding fraud and malware attacks, which makes Ethereum a more…
-
Cryptocurrency Market Dodges Despite Rising Skepticism
On February 14, Bloomberg Intelligence released the February 2023 Encryption Industry Outlook. Bloomberg analyst Mike McGlone wrote on social media that the ma…
-
How Lugano Newspapers are Teaching Residents to Use Bitcoin to Make Payments at Local Stores Through the Use of Lightning Networks
According to reports, Bitcoin Magazine stated on social media that newspapers in Lugano, Switzerland teach people how to use BTC to make payments at local stores through the use of
-
Zou Chuanwei: The white paper “Web3 Economy and the Future of Tokenization” will be released today, and all values can be tokenized
On April 15th, it was announced that at the 2023 Hong Kong Web3 Carnival \”Tokenization Future\” themed forum, Chief Economist of Wanxiang Blockchain, Zou Chuanwei, delivered a keyno