$118,281.00
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-4.29%Reading
Donald Trump’s first official NFT collection was the talk of the crypto world late last week, captivating Twitter and late night TV in the process. But after prices and trading volume surged over the weekend, both metrics have fallen sharply as the hype around the disgraced former U.S. president’s project is apparently fading.
Trump’s digital trading cards, which are minted on Ethereum scaling network Polygon, peaked on Saturday, December 17 with over $3.5 million worth of trading volume, per data from CryptoSlam. Sales price rose even higher on Sunday, with the NFTsselling for an average of just over $680 apiece, although total volume fell to nearly $1.95 million for the day.
On Monday, however, day-over-day trading dropped 57% to about $836,000 worth of ETH, with the average sale price falling to about $466. Today, the cheapest available Trump NFT up for sale on leading marketplace OpenSea is listed at just 0.21 ETH, or about $255.
Despite widespread mockery for a “major announcement” from former U.S. president Donald Trump that turned out to be the launch of an official NFT collection, Trump Digital Trading Cards have nonetheless captured the attention of traders. The collection spiked in trading volume after it launched on Thursday, to 5,548 ETH or over $6.5 million as of Sunday morning, according to OpenSea. The project currently sits on OpenSea’s homepage as the top-trending project. However, the price of Trump Digital...
Trump launched his digital trading card NFTs last Thursday, with 44,000 of the NFTs selling for $99 apiece in the primary sale. Buyers were incentivized by the possibility of winning a meet-and-greet or dinner with the former president, amid other potential perks. Another 1,000 NFTs were kept back by the project’s creators, for a total supply of 45,000.
Despite widespread mockery and criticism of the project—even from some of Trump’s own supporters—the project sold out within 24 hours and fueled secondary market demand. Since then, the project has racked up over $8.7 million worth of secondary trades.
Momentum peaked over the weekend, with the floor price—or cheapest listed NFT—hitting 0.84 ETH (about $990) on Saturday. Prices rose and fell in a volatile market ahead of the NFTs being skewered on NBC’s late-night comedy show, Saturday Night Live. Just three days later, the floor price has fallen 74% when measured in USD.
Trump’s digital trading cards project is ranked only 10th on CryptoSlam’s list of the top-selling projects over the last 24 hours. It has about $472,000 worth of sales during that span, while the Bored Ape Yacht Club tops the list with $3.8 million worth of NFT sales.
"Lost Children of Andromeda" author Jason Michael Primrose, Amanda Terry of Metagood and ACTAI Ventures, Artemysia-X of Rug Radio program LorePlay, and Kas Vegas of NFT INT, Huxley, and Feature.io all discussed how their work utilizes NFTs for storytelling, on a lively panel at Camp Decrypt moderated by What's Trending podcast host Shira Lazar.
Beyond it being a pairing of already-divisive subjects (Trump and NFTs), the project has also been criticized for apparently using stolen artwork for some of its cards. Furthermore, the 1,000 NFTs kept by the project’s creators appear to contain a disproportionate amount of the “rare” collectibles, prompting further skepticism from NFT observers.
Three years after a peak NFT mania that drove monthly trading volume to billions of dollars and put the Bored Ape Yacht Club on The Tonight Show, the collectible tokens are once more gaining steam—and so is popular NFT marketplace OpenSea. NFT trading volume recently hit a three-month high, and after marketplace competitor Magic Eden concluded its own ME airdrop, speculation is heating up about a potential OpenSea token. The marketplace may or may not be teasing it, recently asking X (formerly...
The Philadelphia 76ers have launched "Spectrum Sprint," a free-to-play mobile game with Web3 elements, in collaboration with Crypto.com—a team sponsor since 2021. The NBA team’s game features a pixel art vibe, with side-scrolling gameplay that challenges players to navigate iconic Philadelphia landmarks and dash down Broad Street towards the team’s former Spectrum arena. Players can unlock digital collectibles and compete for exclusive prizes across four tiers: Rookie, Pro, All-Star, and Legend....
Nifty Island embraced a wide array of established communities in Web3 to help expand its Roblox-style metaverse game. Now it’s rewarding them. The project, which pioneered the now-popular “play-to-airdrop” campaign, just launched ISLAND, an Ethereum-based utility token that serves as the ecosystem token for its in-game economy. Below, learn everything you need to know about ISLAND now that it's live. What is ISLAND? ISLAND is the native token of the Nifty Island ecosystem, offering holders “i...
