Former U.S. President Donald Trump has unveiled a new NFT collection titled "Trump Bitcoin Digital Trading Cards," marking his debut in the world of Bitcoin-based NFTs. The first batch, consisting of 160 digital trading cards, is being minted using the Bitcoin Ordinals protocol. Buyers who secure 100 cards from the "Mugshot Edition" will have the opportunity to claim them on the Magic Eden NFT marketplace after linking their Bitcoin wallet.
This collection, announced by Trump in January 2024, will eventually feature 200 cards, with an additional 40 expected to be released in the near future. This is a significant step for Trump, who has previously ventured into the NFT space with other collections, including the "Trump Digital Trading Cards." These past efforts, such as the "America First" series, included exclusive perks like themed sneakers and dining experiences with Trump, although they saw limited trading activity.
The latest NFT project, however, is showing early promise, with 29% of the "Mugshot Edition" minted at the time of writing. Trump’s entry into the Bitcoin Ordinals ecosystem is drawing attention, and many are watching to see whether this collection will spark greater interest compared to his earlier digital card ventures. As of now, the overall NFT market continues to show growth, with platforms like Magic Eden contributing to innovation.
In 2024, the global NFT market reached $8.8 billion in sales, reflecting a growth of $100 million compared to the previous year. Ethereum and Bitcoin led the charge, each accounting for $3.1 billion in sales. Despite the rise in sales, challenges remain, such as market oversaturation and the closure of certain NFT marketplaces like Kraken. However, there are signs of recovery, and with Trump’s new venture, the future of NFTs—particularly Bitcoin-based ones—could see new momentum.
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