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The Trump Digital Trading Cards lead the Polygon POS NFT collections with a 24-hour trading volume of approximately 449.01 ETH.
While denying fundraising for the 2024 presidential campaigns, former United States president Donald J Trump has unveiled a limited edition collection of his non-fungible tokens selling at $99 each. The limited edition collection of 45,000 NFT cards features Trump in various fantasy costumes and poses. According to the announcement, the Trump Digital Trading Cards will be minted on the Polygon (MATIC) network, and buyers can use Ethereum (ETH ) to make purchases.
Each Trump NFT holder will have a maximum chance of acquiring 100 unique cards. As such, the real estate tycoon anticipates engaging more Americans through in-person meetings and online chats. Notably, Trump had previously communicated through Truth Social – one of his backed tech projects – that a significant announcement is in the pipeline.
“These cards feature some of the really incredible artwork pertaining to my life and my career. It has been very exciting,” he said.
Nevertheless, the announcement was not happily welcomed by all. Furthermore, Trump was previously viewed as a crypto critic, particularly anti-Bitcoin.
Hard truth time: This is not good. We’re facing a threat to civilization from far left Marxist extremists. Teasing NFT cards as a major announcement is not the kind of fight people want to see now. These are dark times. Love the guy but this turns many off. Agree or disagree? pic.twitter.com/tJ4CcPDF0F
— Robby Starbuck (@robbystarbuck) December 15, 2022
In his defence, Trump designed the rare collectible NFTs to be accompanied by a chance to win thousands of prizes, including face-to-face meetings with the former president.
Is Trump Signaling Mainstream Adoption of NFT Assets?
According to aggregate data from Coingecko on NFT floor prices, the Trump Digital Trading Cards lead the Polygon POS NFT collections with a 24-hour trading volume of approximately 449.01 ETH. Notably, the Trump Digital Trading Cards have a market cap of approximately 3,330 Ether.
His entrance to the NFT market stamps the notion that crypto, blockchain and NFTs are here to stay. Moreover, the total NFT market cap today is approximately $12.2 billion, a significant bump from the beginning of last year when Beeple sold a $69 million artwork.
The NFT concept takes advantage of innovative smart contract technology to store and record unique information on the blockchain, which means that whenever an NFT is created, only one verifiably exists.
The NFT launch by Trump follows his November 15 announcement of the 2024 re-election bid. Nonetheless, three recent polls this week showed Trump’s standing among Republican voters has significantly dwindled. Whereby USAToday/Suffolk University survey found GOP-leaning voters prefer Republican Florida Gov. Ron DeSantis for president in 2024 over Trump by double-digit margins.
As such, the NFT launch has primarily been viewed as a publicity stunt to gain crypto votes in the 2024 presidential elections. Furthermore, the United States has been identified as a top crypto adopter despite the lack of clear regulations.
Meanwhile, the FTX and Alameda saga remains a fresh hit for most United States regulators.