The launch of digital trading cards by former U.S. President Donald Trump in December attracted a great deal of interest in the non-traditional trading card market, but the euphoria was short-lived and sales have since declined. People are no longer interested in NFT passes that have related advantages. For instance, tokenized tickets for a group Zoom call with President Trump are available for less than $25 each.
Trump’s digital NFT cards were sold with the possibility that purchasers would receive one of a variety of benefits related to the disgraced politician, such as dinner or a personal meet-and-greet with Trump, private and group Zoom calls, and more.
These NFT access credentials, like the trading cards, were created on the Ethereum sidechain network Polygon. Beginning last month, they were airdropped to NFT card purchasers. Several NFT perk passes were given to card purchasers as recently as this morning, according to public blockchain data collected by the OpenSea marketplace.
Some of these NFTs are soon sold to other users, but their prices are not as excessive as they were when the first NFTs were released. According to OpenSea data, the majority of individuals are selling NFT passes for a group Zoom video call with Trump. In the previous day, some of these passes were sold for less than $25 worth of ETH.
Each Zoom call will last 20 minutes and accept up to 2,000 participants. Participants can submit questions prior to the call, but there is no guarantee that they will be asked or answered.
The Win Trump Prizes NFT collection, which was created by the same individual who created the original Trump NFT collectibles, has only generated approximately $48,500 in secondary market trades, with each item listed for just 0.0174 ETH (approximately $24).
On December 21, a ticket redeemable for a digitally signed Trump NFT trading card was sold for 5 ETH, or more than $6,900. On January 3, a pass for a Trump meet-and-greet was sold for 2 ETH, or nearly $2,800.
Some NFT holders at least attempt to sell large quantities of their perk passes. A ticket for a Zoom meeting with Trump is presently available on OpenSea for 200 ETH ($277,000), while a gala dinner ticket NFT is listed for 50 ETH (nearly $69,000). However, this does not imply that these sellers will receive their asking prices or anything near for these NFTs.
An NFT is a blockchain token that signifies ownership of an online-exclusive item, such as a work of art or collectible. NFTs can also be used as a pass to enter a digital or physical experience or as a ticket to exchange for something.
When Trump’s NFT trading cards were released on December 15, the majority of Crypto Twitter users made fun of them, and even some of his most ardent followers criticized them. Nonetheless, the project sold all 44,000 Polygon NFTs for $99 each within 24 hours (the developers held back 1,000 NFTs), and secondary market sales skyrocketed.
Even late-night comedy shows such as “Saturday Night Live” participated in the Trump NFT craze when the collection generated millions of dollars in secondary sales in the first few days and the talk drove prices up to several times the initial asking price.
Since then, both the pricing of NFTs and the volume of second-hand sales have decreased significantly. According to data from CryptoSlam, the project’s sales on Sunday reached a new daily low of slightly over $21,000. This is down more than 99.9% from December 17, which was the day with the highest sales volume of over $3.5 million.
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