Donald Trump has released a second collection of non-fungible tokens (NFTs) as the 2024 presidential race heats up. The surreal pieces of digital art depict the former president as George Washington, a chess piece and a lion wrangler.
A total of 47,000 NFTs were made available and cost $99 each. The collection was sold out in under 24 hours. But their arrival has caused the value of NFTs from the first collection to fall sharply.
Trump promoted his new collection on Instagram, in what was his first post on the social network since his ban following the Capitol riots was lifted.
In a video, he described the NFTs as “beautiful” and “the greatest trading cards in history.” The artworks depict him as a rockstar and a trucker.
But not everyone was overwhelmed with the quality of the non-fungible tokens, with some describing the artwork as “cringey.” Anyone who bought 47 of these NFTs, at a cost of about $4,700, would have been eligible for dinner with Trump at his Mar-a-Lago estate in Florida.
Estimates suggest that Trump made up to $1 million through the sale of his first collection, and he may receive a similar windfall from this second release.
“Everyone who says that the NFT market is dead is quite wrong. The fact that this particular collection sold out as quickly as it did is proof that people are still willing to buy literally anything if it’s an NFT,” said Blockworks Opinion Editor Molly Jane Zuckerman.
All of this comes weeks after Trump became the first former US president to face criminal charges.
Earlier this month, he appeared in court and pleaded not guilty to 34 felony counts. He has been accused of using hush money payments to cover up alleged affairs.
-Sky News
