Donald Trump releases his third NFT collection

Non-fungible tokens are dedicated to the ongoing criminal charges against the former US president

13.12.2023 - 07:56

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3 min

What’s new? On December 12, former US President Donald Trump launched his third collection of non-fungible tokens (NFTs). The Mugshot project is dedicated to the criminal charges against him. The tokens can be purchased with a credit card or wrapped Ethereum (wETH) and cannot be transferred until December 31, 2024. Users will need to go through the identification procedure (KYC) to purchase.

Source: Twitter.com

What else is known? The cost of a single token is $99. Those who buy 47 or more NFTs will be able to have dinner with Trump at his Mar-a-Lago residence and receive a piece of the suit the former president was wearing at the time of his arrest in August. At the time, he was accused of interfering in the tallying of the 2020 presidential election in Georgia.

Trump released the first NFT collection in December 2022. It sold out in less than 24 hours. On April 4, following Trump’s indictment in the financial forgery case, sales of the collection surged by 462%.

That same month, Trump launched the second series of the NFT collection, which also sold out in 24 hours. The set included 47 000 tokens with the former president’s image priced at $99 and bringing in over $4,65 million.

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In October, footballer Cristiano Ronaldo also launched his third NFT collection in collaboration with Binance. He later received a class action lawsuit from US investors for promoting the exchange and its unregistered securities trading activities, causing the plaintiffs losses.

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