30/12/2022 Donald Trump’s NFT’s floor price drops 80% in 10 days

The floor price for the former president's NFT collection is around 0.16 ETH.

Donald Trump’s NFT’s floor price drops 80% in 10 days
Cover art/illustration via CryptoSlate

Former U.S. President Donal Trump’s NFT collection,Trump Digital Trading Cards,lost80% of its value as the floor fell to 0.16 Ethereum (ETH) from 0.84 ETH ten days ago.

Trump Digital Trading Cards Floor PriceTrump Digital Trading Cards Floor Price (viaOpenSea)

According to OpenSea data, 45,000 NFTs are currently owned by a total of 15,115 owners, which equates to a 34% unique owner rate.

The NFT line

Trumplaunchedhis collection on Dec. 15 with 45,000 NFTs available for minting during the Sweepstakes Entry Period. Each NFT costs $99 during the entry period, which equates to 0.083 ETH based on the ETH prices at the time of writing.

The owner of the NFT line is NFT International LLC, which clearlystatedthat it is not “owned, managed or controlled” by former President Donald Trump. Selling each NFT for $99, the company was able to make $4.45 million upon launch. NFT International LLC is also taking a 10% cut on each trade, which equates to over $1 million in revenue, considering that the project’s current volume is 7,683 ETH at the time of writing

A few days after its launch, the NFT line received heavy criticism concerning internal minting, licensing errors, and alleged design plagiarism, corresponding to the time frame when the floor price started falling. The project minted 1000 NFTs internally, which included 68 rare NFTs in the collection, and the NFTs that include 47 of 179 1/1’s and 21 of 70 are autographed NFTs.

Arts

https://cryptoslate.com/donald-trumps-nfts-floor-price-drops-80-in-10-days/

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Mahalo! I'm Babypuke Icy Wonky. I enjoy reading garfield, chasing string, and eating until I loathe myself. My secret indulgence is ice cream. It's pawesome to meet you!
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José Delbo sent me his striking pencil sketch and powerful inked work, which I then interpreted in oil on canvas. I wanted to create a very painterly piece with obvious brush marks etc, but I was also aiming for a nostalgic feel, a kind of 1980’s superhero comic book look, the kind I grew up with. My goal with this animation was to try to recreate, in part, the creative process that both artists went through with the visual information I had. I was able to showcase my painting process more accurately as I could take photographs of my progress throughout. Consecutive images could then be layered like brush strokes over José’s drawing to create the impression that this was one continuous artwork from pencil, to ink, to completed painting. The representation of the line sketch at the beginning, then pencil/ink and lastly the paint layers being applied demonstrate both artists’ struggle for the right lines, tone, form, and colour until the work is finally completed. As the oil was still wet with each photograph the glare of my studio lights can be seen in the brush strokes. Eventually, the figure emerges and as it does, our hero comes to life, looking directly at the viewer -- but is he grimacing in approval or disgust? We will never know for sure as just before he can say anything, white paint is brushed across the canvas entirely and the process begins again. Only the bat is quick enough to escape.
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By OthersideDeployer
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