The “limited” edition NFT tickets that offer a group Zoom call with former US President Donald Trump have traded for less than $25 over the past few days.
Trump released his collection of NFTs in mid-December. Called “Trump Cards,” the collection features a series of digital “cards” depicting the former president in various iconic poses and situations. “These limited edition cards feature amazing ART of my Life & Career!” he said at the time.
The cards had a price tag of $99. There were a total of 45,000 NFTs, all minted on Polygon, a layer-two scaling solution that runs alongside the Ethereum blockchain and allows for speedy transactions and low fees.
Buyers of the NFTs were also supposed to enter into a sweepstake, with the chance of winning prizes, including a gala dinner, a game of golf, or a group Zoom call with the former president. Starting last month, NFT owners started to receive those NFT access passes in the form of airdrops.
That rollout is still ongoing, with some NFT perk passes sent to card buyers as recently as this morning, per public blockchain data curated by the OpenSea marketplace.
Meanwhile, NFTs with access passes to a group Zoom call with Trump are the ones being most flipped by users. However, these NFTs are not commanding sky-high prices, with some going for sale for less than $25 worth of ETH, data from OpenSea shows.
According to its description on OpenSea, each Zoom call with the former president will include up to 2,000 people and last for 20 minutes. Participants would have a chance to submit questions prior to the call but there’s no guarantee they will receive an answer.
Trump’s NFT collection initially sold out in around 12 hours. At $99 each, the collection of 45,000 NFTs raised $4.45 million. Subsequently, secondary market sales skyrocketed, with the collection registering a trading volume of approximately $3.5 million on December 17.
However, both NFT prices and secondary sales of the collection have fallen sharply since. On Sunday, the project set a new daily low sales tally of just over $21,000 in total, per data from CryptoSlam, down more than 99% compared to peak sales.
Before announcing his first entrance into NFTs, the former President teased his move as a “major announcement” on Truth Social. However, many were not happy after the big announcement turned out to be the launch of his NFT collection.
Credit: Source link
