TL;DR: With a new update or NFT collection being released almost every day, it’s clear the crypto ecosystem is constantly evolving. Trump Digital Trading Cards is one of the NFT collections paving the road to the digital universe — but it’s just the beginning. Knowing what brought it here and why it was created will lead you to make better decisions when investing or simply interacting with Trump Digital Trading Cards.
In this article, we’re gonna dive into the Trump Digital Trading Cards lore, answer all the Trump Digital Trading Cards related questions and even more. Prepare yourself for a fantasy story and a journey to the future of Trump Digital Trading Cards!
What are Trump Digital Trading Cards?
Trump Digital Trading Cards is an NFT collection of 45,000 pfps that live on the Polygon network.
Folks, let me tell you about this incredible collection, okay? It’s promoted by none other than, Trump, the 45th President of the United States. These cards, they’re unique, believe me, and some even come in editions of up to 20, which is just fantastic. Now, picture this — you’ve got 45,000 instances of Trump dressed as a superhero, an astronaut, a race car driver, and even a cowboy. It’s unbelievable, folks, truly unbelievable!
Despite the impressive number of NFTs, the artwork is what some would call lazy. Basically, you have the face of Donald Trump plastered on a series of backgrounds. Variety is reserved for combinations that reek of American symbols:
Is Trump behind Mount Rushmore holding a football? Check ✅
Trump with boxing gloves behind falling gold bars? Check ✅
Is Trump holding a 12-gauge shotgun? Check ✅
And the themes go on…
You would think this is crazy. Who would want to hold a Trump pfp, let alone buy one? If you missed the first collection, Season 2 features 47,000 more Trump Cards. Incredible!
The artwork for Season 2 is similar to the previous collection, featuring Trump in more instances. Just watching the overlapping American themes and Trump makes you feel an odd sense of *inhales* freedom.
This collection caters to baseball card collectors and, well…Trump fans. By marketing the NFTs as “Trump Digital Trading Cards,” buyers are incentivized to hold them as they (hopefully) appreciate in value over time. Imagine kids 20 years from now exchanging a Trump Card where he wears a superhero suit.
Owning an NFT is different than screenshotting a JPEG — just like holding an original Rembrandt is more valuable than owning a replica. As their name suggests, NFTs are non-fungible by design. This is different from digital tokens like Bitcoin and Ethereum.
Fungible assets can be exchanged for another asset of the same type, much like BTC, ETH, or even fiat. NFTs, on the other hand, are unique assets where their ownership details are documented on the blockchain, ensuring digital scarcity and unique attributes for each asset.
But how exactly is digital scarcity being enforced?
The concept of NFTs first emerged in 2012 with the creation of Colored Coins, which could be used to represent real-world assets on the blockchain. However, Colored Coins only worked in a permitted environment, making it more similar to a database than anything else.
As the crypto industry became more popular, people have continued to experiment with the idea of a digitally scarce asset. This led to the creation of ERC-721 and ERC-1155.
The ERC-721 standard is like a set of rules for making NFTs. These actions help in making special tokens with their unique information, making them different from one another.
Behind the scenes, ERC-721 smart contracts keep a list of who owns which token, making it safe to pass tokens from one person to another. The contract also keeps count of how many tokens there are altogether and how many each person has.
As previously mentioned, Trump Digital Trading Cards NFTs are secured by the Ethereum blockchain. Ownership and transaction history are publicly visible on the Ethereum blockchain along with other important info such as the NFT’s metadata.
Understanding how to access an NFT’s metadata is essential for holders to grasp the specifics of what they’re buying.
Metadata usually includes visual attributes like color, type, wearables, and so on. On the blockchain, it looks something like this:
Trump Digital Trading Cards have their own set of traits that make up their uniqueness. These are background, character, face, hat, hunting accessories, and sunglasses.
Some traits are rarer than others, which makes a specific NFT stand out from the rest. For example, only 36 NFTs have Trump wearing an astronaut suit.
Rarity is a mix of all these traits. If Trump wearing an astronaut suit is already rare, then Trump wearing the astronaut suit AND sunglasses is even more rare.
The Trump Digital Trading Cards NFT collection has been autogenerated. This means that out of the potential combinations, only 45,000 Trump Digital Trading Cards will ever exist!
What is the utility of Trump Digital Trading Cards?
Trump Digital Trading Cards make for an awesome avatar pic, but it’s also your way into meeting Donald Trump himself.
The website proudly declares that anyone lucky enough to snag one of Trump's NFT cards automatically throws their name into the hat for a sweepstake with prizes that'd make your grandma jealous.
Picture this – winners could revel in a night out in Miami with a fancy dinner hosted by none other than Trump himself. It's not just any dinner; it's a dinner with a side of Trump charisma. Or how about an intimate meet-up at Mar-A-Lago, the Trump-approved hideout? If that's not enough, you could even join Trump on the green for an exclusive hour of golf – because nothing says exclusive like a round of golf with the man himself. We're talking The Winter White House here, folks – an event so exclusive, that even your dog would be impressed!
And hey, if you're feeling fancy and decide to snatch up 47 Digital Trading Cards, not only do you secure a seat at the Gala Dinner in South Florida with Trump, but you also get 47 Digital Trading Cards to show off to your cat. But wait, there's more – grab a whopping 100 cards with crypto, and you'll not only get the cards but also an exclusive golden ticket to the Gala Dinner. It's practically a steal, folks!
So far, none of the NFT holders has had the honor of enjoying these perks. Maybe there’s a chance after the 2024 presidential elections.
Whether you are hodling for a season or longer, the Trump Digital Trading Cards make for a good memory of the era we’re living in.
Who created Trump Digital Trading Cards?
Trump Digital Trading Cards was created by Trump’s team in collaboration with Clark Mitchell, a renowned illustrator who worked with some of the biggest brands in the world.
The collection was announced by Donald Trump himself on Truth Social on December 14, 2022. It was a departure from the usual political rhetoric, introducing an NFT twist to the conventional baseball card excitement.
People were underwhelmed, to say the least. The announcement was made at a time when voters expected Trump to announce his presidential candidacy. Mass media press and the entire internet were inflamed by Trump’s association with the “scammy” NFT trend. Yet, the Trump Cards sale was a massive success.
The website was a well-crafted sales pitch that encouraged people to buy Trump Cards for only $99 each.
The demand soared, and the collection rapidly sold out, showcasing a fervent craving for digital Trump memorabilia. Just two days after the release, Trump NFT sales hit a minimum price of $200 on OpenSea. The collection scored $4.4M in total.
Four months later, the second set of digital playing cards swiftly sold out in record time, raking in approximately $4.6M.
Trump announced the sell-out of his "Series 2" NFTs in under five hours on his Truth Social platform, expressing his wishes for everyone's happiness, health, and wealth in a celebratory social media post: "Hope everyone is Happy, Healthy, and Wealthy. CONGRATULATIONS!"
Who is developing Trump Digital Trading Cards now?
Trump Digital Trading Cards doesn’t have a development team behind, it or a Discord server like we’re used to seeing with Web3 communities.
The idea behind Trump Cards is to serve as memorabilia, hence the lack of effort to further the collection’s utility.
How does Trump Digital Trading Cards make money?
Now, let’s get to the juicy part – how does Trump Digital Trading Cards make money?💰 (No, flipping and rug pulling are not the correct answers)
The answer to this question is strongly related to intellectual property.
Think of popular trademarks such as Mickey Mouse, Spider-Man, or Coca-Cola. Every time you see movies, books merch, or posters with them, know that the owners of the IP get a share of the profits. The same thing goes for NFT holders, in theory.
When it comes to NFTs, it’s quite challenging to fit them into the traditional framework of copyright law. To give more context, owning an NFT doesn’t mean holders have automatic control over the creative work. This creative control needs to be granted by the creator.
As such, NFT holders should pay attention to what IP rights, if any, come with owning the NFT.
In case it wasn’t obvious, NFT holders are not allowed to use Donald Trump’s image to make money. Secondary sales are a different thing, as they are allowed and encouraged.
Another way of generating revenue is via royalties. Trump Digital Trading Cards makes 10% from every secondary sale.
According to financial disclosure forms, Trump individually earned between $100,000 and $1M from the Season 1 NFTs. This income was derived from a licensing agreement with a company named CIC Digital LLC, supposedly representing "commander in chief."
Where can I buy Trump Digital Trading Cards?
You can buy Trump Digital Trading Cards on OpenSea.