Donald Trump has recently announced the release of his first Bitcoin-based NFT collection using the Ordinals protocol.
NFT Collection Launch
The 'Trump Bitcoin Digital Trading Cards' collection was launched using the Ordinals protocol, which inscribes special data onto satoshis, the smallest Bitcoin unit. The collection includes 160 NFTs, available on the Magic Eden platform.
Market Dynamics
The collection is available on NFT marketplace Magic Eden, with prices ranging from 0.177 BTC to 20 BTC. Despite the activity, it's uncertain how the project will sustain trading velocity.
Previous Project Outcomes
In January 2024, Trump first announced the release of 200 cards, with 40 more yet to be issued. It's the latest in a series of NFT projects, starting with a limited 'America First' series launched in August 2024.
While the 'America First' collection hasn't seen much activity, other Trump-related NFT products also experienced variable demand.
