beincrypto.com
Donald Trump’s latest NFT collection, called “Trump Bitcoin Digital Trading Cards,” has launched its first batch of 160 pieces on the Bitcoin network using the Ordinals protocol.
Buyers who acquire 100 cards from the “Mugshot Edition” can claim them on the NFT marketplace Magic Eden after linking their Bitcoin wallet.
Trump’s NFT Collection is Available on Magic Eden
Trump first announced the collection in January 2024. It consists of 200 cards, with 40 additional pieces expected to be released later. This marks Trump’s debut NFT project on Bitcoin, though he has previously been involved in other NFT ventures.
His earlier collections included “Trump Digital Trading Cards,” which featured editions such as the “America First” series released in August 2024. That edition offered perks like gold-themed sneakers and meals with Trump.
Despite initial excitement, the “America First” series has yet to see any trading activity. Recent sales of other Trump-themed NFT products have also been inconsistent.
However, the newly launched NFT series on Bitcoin Ordinals might show a different pattern. At the time of writing, 29% of the collection has already been minted.
In 2024, the NFT market recorded $8.8 billion in sales, reflecting a $100 million rise from 2023. Ethereum and Bitcoin led the industry with $3.1 billion each in sales, while Solana ranked third.
Collections like Pudgy Penguins dominated the space, generating $115 million in sales. Innovation also came from platforms like Magic Eden and Pudgy Penguins, both of which introduced their own tokens.
OpenSea, the leading NFT marketplace, is rumored to follow suit by launching a token in 2025.
However, challenges persisted. Kraken shut down its NFT marketplace in November to prioritize other projects, giving users until February 27, 2025, to withdraw assets.
Market oversaturation also remained a concern, with 98% of NFT collections showing little or no trading activity. Only 0.2% of new releases proved profitable, and most collections lost over half their value within days. While late 2024 showed signs of recovery in the NFT market, broader issues point to a decline in speculative trading.