A digital trading card showed Donald Trump in various avatars.
Former President Donald Trump’s digital trading cards lost about 72% of their value in a week, according to a report in NewsweekThis is based on an analysis of non-fungible tokens (NFTs) done by the OpenSea marketplace that tracks the sale of these cards. Trump’s digital collection launched on his December 15th and sold out in less than a day. The NFT was widely derided online, but he netted the creator $4.5 million.
45,000 cards were sold with a retail price of $99 each. The former president also promoted these his NFTs, leading to increased sales.
As these cards sold out and then re-traded, their values skyrocketed, peaking at $999 by December 17, according to OpenSea.
However, over the past week, the value of these cards has dropped significantly. Newsweek.
OpenSea also said the number of cards traded per day also dropped from 6,661 on Dec. 17 to 529 on Dec. 22 and 260 on Dec. 23.
NFTs are typically collected as virtual art and created using the same programming used for cryptocurrencies. Therefore, NFTs are based on blockchain technology.
The digital cards had a variety of themes and featured Trump in several avatars, including superhero, astronaut, sheriff and NASCAR driver.
The website where these NFTs were sold called them “non-political.”
The seller offered a one-on-one Zoom call with Trump, a special dinner at a luxurious private Pam Beach resort, and a meet-and-greet with him. and a golf session with your friends.
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