Former U.S. President and current presidential candidate Donald Trump is set to expand his non-fungible token (NFT) offerings to the Bitcoin network through the Ordinals protocol, expanding the reach of hits NFTs.
According to the CollecTTrumpCards account on the microblogging platform X (formerly known as Twitter), the new collection is limited to just 200 NFTs and is exclusively available for the first 200 buyers of the “Mugshot Edition” launched late last year.
Each new “Mugshot Edition” NFT is priced at $99 and transactions are to be conducted in Wrapped Ether ($WETH), with only 99 of these NFTs currently remaining up for grabs.
Ordinals, in the context of Bitcoin, refer to a recent development that allows for the inscription of unique, non-fungible data onto individual satoshis, the smallest unit of Bitcoin.
This concept transforms these satoshis into one-of-a-kind digital artifacts akin to non-fungible tokens (NFTs) on other blockchain platforms. Each satoshi can be inscribed with content such as images, text, or other data, making it uniquely identifiable and collectible.
The firm noted that these NFTs, including the “Mugshot Edition”, are meant purely for collection. They are not intended as investment assets or political endorsements. Colelctors will be able to claim their Ordinals inscriptions later on Magic Eden on Bitcoin, and trading of the Mugshot NFTs will be on hold until December 31, 2024.
The “Mugshot Edition” features a unique theme based on significant moments in Trump’s life and career, including a photo from his arrest in late August. The collection includes exclusive opportunities for supporters, with buyers who acquire t least 47 cards being eligible for a dinner with Trump at Mar-a-Lago, along with receiving a piece of the suit he wore during his arrest. Some NFTs in this collection may even include Trump’s signature.
Trump has in the past launched two other NFT collections, both of which sold out rather quickly and generated substantial revenue. A report from the legal advocacy group Citizens for Responsibility and Ethics in Washington revealed that Trump’s Ethereum holdings, largely from these NFT sales, were valued at $5 million.
Featured image via Unsplash.
