Former US President Donald Trump revealed a new NFT collection Tuesday, the “Mugshot edition.” The collection is a reference to his August 2023 indictment. Shortly after the announcement, the price of the former president’s previous NFTs began to rise.
Giving a nod to his potential re-election next year as the 47th US President, those who buy 47 of the new Trump cards will be rewarded. Rewards include a dinner with Donald Trump at Mar-a-Lago. Additionally, buyers will also be given a piece of the suit that Trump wore for his Mugshot on a physical, signed card.
“In this Edition, some cards will even be one-of-ones (the only one in the world), while some others could even be hand-signed by President Donald J. Trump,” the NFT project’s website says.
Donald Trump and NFTs
Since the end of his presidency, Donald Trump’s interest in NFT and crypto has grown, as well as his wallet. He has released multiple NFT collections, including his digital collectible cards last year, which featured sporting images of the former president similar to baseball cards. That collection sold out upon release.
Donald Trump’s crypto wallet held over $2.8 million in return from his NFT sales in August. The release of this new collection is notable given his current legal situation, and being in the midst of a re-election campaign. If elected, Trump may be one of the more forward-thinking US presidents when it comes to cryptocurrency.
Former NFT collections from former President Trump sold for as low as 0.1 ETH. This was a 50% shrink compared to their initial selling price. Since the new collection’s announcement though, the prices of the former collection have rallied to just over .18 ETH.