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Home » Trump NFTs Are Back—This Time, Melania Trump Releases An NFT Collection For Foster Children

Trump NFTs Are Back—This Time, Melania Trump Releases An NFT Collection For Foster Children

Hania by Hania
June 30, 2023
in NFT News
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Trump NFTs Are Back—This Time, Melania Trump Releases An NFT Collection For Foster Children
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Melania Trump starts the Fourth of July festivities early with $50 Solana collectables, after the former president’s NFT trading cards.

The Trump family is back with a new batch of NFTs. A set of NFT trading cards inspired by the approaching Fourth of July holiday has been issued by Melania Trump, the wife of former U.S. President Donald Trump, just two months after the former president of the country released a second batch of his NFT trading cards, pillaging the value of the previous set in the process.

The “1776 Collection” of Melania Trump’s Solana-based NFTs, which include images of well-known American locations like the Statue of Liberty and Mount Rushmore attached to animated placards, leans on well-known American imagery. Each digital collectable costs $50 and appears in seven distinct designs with a total run of 3,500 NFTs.

Melania Trump’s Twitter account shared a message from the company USA Collectibles that announced the sale of the NFTs this morning. The NFTs are being offered for sale through a website known as USA Collectibles. Additionally, the website sells “POTUS TRUMP” NFTs with pictures of the former leader and first lady.

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The 1776 Collection

Six Limited Edition Collectables
Available Exclusively at https://t.co/kAenWUwxQ1#USAmemorabilia #NFTs#The1776Collection #IndependenceDay pic.twitter.com/euYySvvRcD

— USAmemorabilia (@USAmemorabilia) June 29, 2023

Although not mentioned on the official NFT website, a Fox News report claims that Fostering the Future, a part of Melania Trump’s broader Be Best resource initiative aimed at assisting foster children, will receive an undisclosed portion of sales.

Over the past two years, the Trumps have set up a significant history in the NFT industry. The Solana blockchain’s startup, Solana Labs, made it clear at the time that Melania Trump’s release of her own NFT in December 2021 was not a “Solana-led initiative.”

Before Donald Trump released his well-known collection of digital trading cards in 2022, she released more NFTs, releasing a total of 45,000 of them for $99 each on the Ethereum scaling platform Polygon. Each NFT was associated with potential additional perks, such as an invitation to a group Zoom meeting or dinner with the former president.

Trump NFTs Are Back—This Time, Melania Trump Releases An NFT Collection For Foster Children

Even though they were widely derided, the NFTs sold out in less than 24 hours and became the buzz of both the NFT community and mainstream spectators, which increased their resale value. Trump cards peaked at over $1,000 per card on secondary markets, and the NFTs as a whole have sold more than $20 million worth of merchandise to date.

Trump subsequently issued 47,000 additional NFTs in April for $99 each, and the launch of the second collection resulted in a sharp decline in the value of the initial NFTs. The second set of Trump digital trading cards currently starts at roughly $54 worth of ETH, which is almost half the mint price of $185 for the original set.

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Hania

Hania

Hania is a 30-year-old blogger who used to be a teacher before entering the world of writing. She is originally from India and has been writing blogs on various topics for 2 years now. Hania is particularly interested in exploring the intersections of finance, technology, and cryptocurrency. Her experience as a teacher has given her unique insights into the ways in which digital media can be used to facilitate learning and engagement. Through her writing, Hania hopes to share her knowledge and learning of crypto industry with everyone.

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