17/05/2023 Donald Trump's Trading Cards Plunge to Record Low Value

The value of former U.S. President Donald Trump's digital trading cards has dipped to a record low.

According to tracking data by OpenSea, a non-fungible token (NFT) marketplace, just before 3 a.m. ET on Saturday morning, the floor price of the digital trading cards sunk briefly to 0.00057 Ethereum (ETH), a benchmark cryptocurrency, which as of 4:15 a.m. ET Tuesday would make one worth around $1.04.

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Before dropping close to zero, the Trump NFTs had been trading around 0.12 ETH ($218.37). Later on Saturday, they returned to 0.12 ETH, and as of 4:45 a.m. ET on Tuesday their price is hovering around the 0.1147 ETH mark ($208.64).

When the former president first announced the release of the first batch of the digital collectibles, the 2024 presidential candidate was mocked for hyping up the cards as a "major announcement."

Donald TrumpFormer U.S. President Donald Trump waves as he plays golf at the Trump Turnberry Golf Courses, on the west coast of Scotland, on May 2, 2023. Trump's digital trading cards dipped to a record low in value on Saturday.ANDY BUCHANAN/AFP via Getty Images

He has since been ridiculed for the art used on the cards, which show his likeness in a variety of different scenes and poses. These include as a king on a playing card, serving burgers and hotdogs at a barbecue, and playing an electric guitar while riding a motorbike.

The NFTs had been facing a gradual downward trend in value, with a 90-day high on February 16 of 0.694 ETH ($1,262.91). The digital trading cards saw a prior dip in March, a few days before Trump's widely anticipated indictmentby a grand jury in Manhattan, after which the price normalized again.

Trump released the second series of the NFTs on April 18, writing on his Truth social media platform that the decision to do so was "due to the great success" of the first round, whichcame out in December 2022.

This sawthe price dropas the market was flooded with newly minted merchandise, normalizing again at around 0.13 ETH ($236.57) by April 19. Trump's trading card website says the latest series had sold out after offering the fresh batch for $99 a piece.

It is unclear why the latest sudden dip occurred. However, data from the past 7 days indicates more offers for the NFT are being made at a lower value than listings at a higher value.

The Trump digital trading cards website stresses they "are intended as collectible items for individual enjoyment only, not for investment vehicles."

NFTs represent a provably unique bit of code, which means the holder knows that it can't be replicated and therefore stolen. To create some tangibility, NFTs are represented with unique artworks thatare aimed at incentivizing buyerswho wish to own that unique artwork.

Despite being mocked for the venture, Trump spoke on the conservative One America News Network in December to defend the decision. He stated the digital trading card collection was about "art" and not money.

"You know, it's sort of comic book art when you think of it, but they showed me the art and I said: 'Gee, I always wanted to have a 30-inch waist,'" the former president said at the time.

"I'm looking at this stuff and I'm saying 'Wow, that's sort of cute, that might sell, that might sell.' They thought it would sell in six months, it sold in six hours."

Arts

https://www.newsweek.com/donald-trump-digital-trading-card-price-cryptocurrency-nft-1800585?amp=1

Interesting NFTs
#3401
By OthersideDeployer
CryptoKitties
Heyo! I'm Kitty #454256. I've never told anyone this, but I once pawed at a dog. In my free time, I can usually be found seductive or braiding people's hair. I hope we can be pawmates.
Ocean Front (Beeple)
Cinema 4D, Octane render, Photoshop Everyday #4344
Right Place & Right Time (bitcoin hourly price offset)
Each day, a new composition for the Master is generated autonomously using a data feed of Bitcoin's last 24 hours of price action. Each hour's price programmatically controls rotation, scale, and position of a correlating layer. Astute viewers will surmise the day's price volatility simply by examining the artwork. While the daily image generation is the result of autonomous API calls, utilizing an algorithm the artist wrote, the artist has chosen to retain a control token. This token allows him to fine-tune variables associated with his algorithm, in addition to addressing aesthetic concerns within the life-cycle of the artwork. Layer state, alpha, hue, saturation, and brightness are elements the artist has retained control of in order that this artwork remain a living work-in-progress. An earlier iteration of this artwork was featured as a nightly projection mapping video on the face of the Daniels Fisher Clocktower, as part of ETH Denver 2020. Access to this and additional exclusive content awaits the master token owner at the artist's NFT Portal: https://collect.mattkane.com/minted-works/right-place-right-time-bitcoin-hourly-price-offset/
The Scion
A young figure caught in a moment of distraction, aware only ephemerally of his unconscious being, as it engages in psychological and psychedelic layer spaces. His right arm casually cradles a moray eel; the figure is comfortable but not truly aware of the potentials for danger in such negligence. His shirt reads “Bello” in Pokemon style font, harkening back to a childhood straddling the millennial threshold. To his right side, out of the unconscious deep, shrouded alien heads propagate as a fractal totem, each new iteration a more sophisticated rendering of emotional masking over the cold mystery of the greys. As the scion of the Budgie-Sattva, the young man, in his distraction, is also simultaneously aware of higher levels of self discovery. To his left a psychological topology sets beneath the oracle side of an 8 ball ,hovering; its message a purest concept of acceptance. The “Scion” lettering is in 80’s HeMan style bold declaration. The lower right side of the painting is like a hybrid of melon, feathers, and seeds. The crystals in the background bring light; conducted, refracted, reflected, and dispersed, to balance the dark shadow of the figure’s physical body. The aura of the scion succeeds in layers to point, with a finger, and the crown chakra, toward a center of a mandala existing as nigh pure application of strokes, in essence painterly abstraction, but also revealing hints of the Aura of migraine, and the bi-hemispherical nature of the brain–noting concerns of the possibility of inherited mental disease. Yet the flourish of chakra as it sets against that center is robust, active, coherent, and reveling against all fear. Fundamentally, the piece speaks to the activation of one’s potential to begin to “Know Thyself”, and find greater awareness out of the enigmas of the mind–as an inculcated seed given to the rich soil of one’s own birthright.