Cryptocurrencies, blockchain, NFT and new trends

Trump Digital Trading Card Project Mints NFTs for Winners of Prizes

The same OpenSea wallet that sold the original images of the 45th president has minted the sweepstakes prizes, from a group Zoom call to a gala dinner.

Trump NFT sweepstakes (OpenSea)

Although former U.S. President Donald Trump’s non-fungible token (NFT) collection sold out in December, its NFTs for sweepstakes winners are now flooding the market.

According to data from NFT marketplace OpenSea, the same wallet that sold the original NFTs is minting tokens that serve as access passes to the sweepstakes prizes touted during the launch of the Trump Digital Trading Card collection in December.

The tokens feature images of Trump holding a sign resembling a ticket, listing the prizes promoted during the original mint. These include a group Zoom call, a gala dinner and a hardcover copy of his book “Our Journey Together.”

The collection now has a trading volume of 35 ETH, or about $48,500, and a floor price of 0.021 ETH, or nearly $30.

Where the tokens in the original mint cost $99 to mint and enter the sweepstakes, the new token prices range depending on the rarity of the experience. While the group Zoom call costs 0.03 ETH, or $40 to access, a one-on-one meeting with the 45th president is listed at 200 ETH, or about $278,000. According to the official sweepstakes rules, the average retail value of the one-on-one meeting with Trump at Mar-a-Lago is “$0/Priceless.”

The original collection has seen a dramatic drop in trading volume since it launched, with a current floor price of 0.17 ETH (about $235) and an almost 99% drop in trading volume since its peak, according to data from CryptoSlam.