In a week, the value of digital trading cards of former US President Donald Trump fell by about 72%. newsweek, This is based on an analysis of non-fungible tokens (NFTs) done by OpenSea Marketplace, which keeps track of sales of these cards. On December 15, Mr. Trump’s digital collection went on sale, and it sold out in less than a day. The NFTs were made fun of online, but the people who made them made $4.5 million from them.
There were 45,000 cards for sale, so each share cost $99 again. The sales of these NFTs went up because the former President also promoted them.
OpenSea said that these cards were traded again after they were sold, bringing their value up to $999 by December 17.
But in the last week, these cards have lost a lot of value. As of December 24, they are only worth $280.
OpenSea also retorted that the number of cards traded each day has gone down from 6,661 on December 17 to just 529 on December 22 and 260 on December 23.
Most people collect NFTs as a form of virtual art, and they are made utilizing the same programming as cryptocurrencies. The digital cards had different themes and showed Mr. Trump as a superhero, an astronaut, a sheriff, and a NASCAR driver, among other things.
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