Donald Trump's NFT Collection Sells Out, Raising $4.45M

From CNET: Earlier in the week, Donald Trump teased a "major announcement" on Truth Social, the platform he took to after being banned from Twitter last year. Some speculated Trump would be announcing his running mate for the 2024 presidential election, or some other key detail for his campaign. The news turned out to be a disappointment even to some of Trump's supporters: a Trump-themed NFT collection. 

"My official Donald Trump Digital Trading Card collection is here!" he posted on Thursday. Trump never used the abbreviation "NFT" in the post, but that's indeed what the "digital trading cards" are: 45,000 NFTs on the Polygon blockchain, priced at $99 each.

Though the NFTs were widely mocked by both Trump supporters and detractors alike, all 45,000 sold out in around 12 hours, according to OpenSea data. At $99 each, that means $4.45 million has been raised. The collection's creators also receive 10% of every sale on secondary markets like OpenSea. Thus far traders have spent $406,000 (320 ether) buying and selling the NFTs on OpenSea. Who that money goes to and how it's used remains a mystery. 

View: Full Article