Donald Trump Surprised with the Release of the Second NFT Collection
Former U.S. President Donald Trump has surprised the NFT collector community by releasing a second collection of his NFTs. Expecting history to repeat itself and the new collection to sell as quickly as the first, Trump released 47,000 NFT cards.
At the end of last year, there was a big hype about the NFT collection of former U.S. President Donald Trump. His controversial collection, in which he was depicted in various suits and poses, was sold out quickly, and for some time after the sale, these NFTs were traded extensively on secondary markets. Subsequently, however, interest in these NFTs waned.
However, Donald Trump has unexpectedly released a second collection called Series 2, which contains 47,000 PFP NFTs created on the Polygon network. From this collection, the developers kept 1,000 NFTs. The price of one NFT was set at 99 USD, and the collection generated 4.6 million USD in sales at launch. However, the interest in the Series 2 collection is not as significant as in the first collection. At the time of writing, the price of some NFTs is around 98 USD each, and the number of unique owners is also low, at only 16%.
This unexpected and rapid sell-out of Series 2 NFTs has had a negative effect on both the price of the new collection and the price of the first Donald Trump collection. Due to the release of the new collection, the first NFT collection lost about 61% of its value in 24 hours. The cost of one NFT from the first collection was around 0.13 ETH (271 USD) at the time of writing, while just before the release of the Series 2 collection, this NFT was worth around 0.4 ETH (835 USD).
Series 2 NFTs don't offer much
Compared to Donald Trump's first NFT collection, the second collection is weaker regarding the benefits it offers its holders. A collector who buys 47 NFT cards will receive an invitation to a gala dinner with Donald Trump at his Mar-a-Lago Golf Club in Florida.
Despite a significant drop in the price of the first collection, Donald Trump announced on Instagram the launch of Series 2 at the same starting price as Series 1. He said he could have set the price much higher, and the collection would have sold out anyway, but he did it mainly for fans and supporters to have fun and make money.
"I hope everyone notices, [and] I'm sure Fake News doesn't, that I'm leaving the price of the trading cards the same as last time, even though they sell for MUCH MORE (It's called a MARKET!)," he wrote, "[and] sold out almost immediately because I want my fans [and] supporters to make money, [and] have fun doing it."
"I could have raised the price MUCH HIGHER, [and] I believe it still would have sold well and a lot more money would have come to me, but I chose not to. WILL I BE GIVEN NO "NICE GUY" CREDIT?"
Source: nftplazas.com
analyst opinion
Eda Tutkun
At the end of last year, there was a big hype about the NFT collection of former U.S. President Donald Trump. His controversial collection, in which he was depicted in various suits and poses, was sold out quickly, and for some time after the sale, these NFTs were traded extensively on secondary markets. Subsequently, however, interest in these NFTs waned.
However, Donald Trump has unexpectedly released a second collection called Series 2, which contains 47,000 PFP NFTs created on the Polygon network. From this collection, the developers kept 1,000 NFTs. The price of one NFT was set at 99 USD, and the collection generated 4.6 million USD in sales at launch. However, the interest in the Series 2 collection is not as significant as in the first collection. At the time of writing, the price of some NFTs is around 98 USD each, and the number of unique owners is also low, at only 16%.
This unexpected and rapid sell-out of Series 2 NFTs has had a negative effect on both the price of the new collection and the price of the first Donald Trump collection. Due to the release of the new collection, the first NFT collection lost about 61% of its value in 24 hours. The cost of one NFT from the first collection was around 0.13 ETH (271 USD) at the time of writing, while just before the release of the Series 2 collection, this NFT was worth around 0.4 ETH (835 USD).
Series 2 NFTs don't offer much
Compared to Donald Trump's first NFT collection, the second collection is weaker regarding the benefits it offers its holders. A collector who buys 47 NFT cards will receive an invitation to a gala dinner with Donald Trump at his Mar-a-Lago Golf Club in Florida.
Despite a significant drop in the price of the first collection, Donald Trump announced on Instagram the launch of Series 2 at the same starting price as Series 1. He said he could have set the price much higher, and the collection would have sold out anyway, but he did it mainly for fans and supporters to have fun and make money.
"I hope everyone notices, [and] I'm sure Fake News doesn't, that I'm leaving the price of the trading cards the same as last time, even though they sell for MUCH MORE (It's called a MARKET!)," he wrote, "[and] sold out almost immediately because I want my fans [and] supporters to make money, [and] have fun doing it."
"I could have raised the price MUCH HIGHER, [and] I believe it still would have sold well and a lot more money would have come to me, but I chose not to. WILL I BE GIVEN NO "NICE GUY" CREDIT?"
Source: nftplazas.com
Previous
Next
