On April 18, the 45th former president of the United States, Donald Trump, announced the launch of Series 2 of his NFT collection after the resounding success of the first.
According to Trump’s post on his Truth Social social network, the new collection consists of 47,000 tokens (2,000 NFTs more than the first) that will be minted on the Polygon network, maintaining the same price of $99 per token as the previous collection.
The minting price remains the same
Donald Trump mentioned on social media that despite being able to increase the sale price of the new NFT collection due to growing market demand, he decided against it because he wanted his fans and supporters to earn money and “have fun doing it.”
“I could have raised the price MUCH MORE, and I think it would still have sold well, with a lot more money coming to me, but I didn’t choose to. WON’T YOU GIVE ME “GOOD BOY” CREDIT?
However, the owners of the initial batch of NFTs are likely not having any fun at the moment. This dump of new tokens collapsed the minimum price of the collection. According to Coingecko, the cheapest Trump NFT went from 0.4 ETH to around 0.1 ETH after the announcement.
Minimum price of the Donald Trump NFT collection. Image: Coingeckort
Judging by Donald Trump’s fortune, which Forbes estimates at more than $2.5 billion, it’s clear the former president doesn’t need to sell NFT collections or host lavish dinners for collectors to increase his net worth.
As such, Trump’s real goal could be to remain relevant on social media as he prepares for a possible presidential campaign, assuming a scenario where he ends up winning a legal battle against his adversaries, since the additional 2,000 tokens in the new collection highlight the number. “47” which would signify the position of the next president of the United States.
Trump made $1 million from the sale of the first NFT collection
As CryptoPotato recently reported, Trump may have made almost $1 million from the sale of his first collection, released on December 15, priced at $99 per NFT.
He featured various aspects of his life and presidential run through 45,000 unique NFTs, offering various prizes such as autographs and dinners with the former president.
However, it is still unknown if those responsible for the project and the former president himself have fulfilled their part of the deal, inviting the winners to enjoy fabulous dinners in luxurious restaurants.
The truth is that the fans and followers of the former president continue to grow and are willing to pay hundreds of dollars for a piece of his digital life, especially now that the presidential elections are approaching and rumors about Trump are increasing.
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This post New Donald Trump NFTs to hit the market, but here’s the catch
was published first on https://cryptopotato.com/new-donald-trump-nfts-to-hit-the-market-again-but-heres-the-catch/
