Trump launches new NFTs on Bitcoin Ordinals for previous mugshot buyers
Former U.S. President Donald Trump has announced a new and exclusive nonfungible token (NFT) collection, which is the first time he has issued NFTs using the Ordinals protocol on Bitcoin.
The collection, dubbed the “Mugshot Edition”, features 200 limited-edition NFTs that are only available to the first 200 buyers of his previous NFT collection of the same name, which was released in December 2023. Each mugshot NFT costs $99, meaning that anyone who wants to own a Trump NFT on Bitcoin will have to spend up to $9,900.
The announcement was made by a X account that specializes in selling Trump NFTs. The account also revealed that there are only 99 Trump NFTs on Bitcoin Ordinals left for purchase. These NFTs can be bought with Wrapped Ether (WETH), a token that represents Ether on the Bitcoin network.
TRUMP DIGITAL TRADING CARDS on BITCOIN ORDINALS 🟧 The FIRST EVER Trump Trading Cards on Bitcoin. Read this thread ⬇️
— CollectTrumpCards (@CollectTrump) January 18, 2024
According to the account, the NFT issuance is only for collection purposes and not for investment or political reasons. Therefore, all mugshot NFTs will be non-transferable until Dec. 31, 2024.
This is the third NFT collection that Trump has launched since he entered the crypto space. The billionaire was reported to hold $5 million worth of Ether in August 2023, mostly from his NFT sales. However, by December 2023, he had cashed out $2.4 million of Ethereum.
Trump has been a vocal critic of Bitcoin and other cryptocurrencies, both during and after his presidency. He once declared himself “not a fan of Bitcoin” and called it a “scam”. He also recently stated that if he returns to the White House in 2024, he will prevent the Federal Reserve from creating any central bank digital currency (CBDC) to protect the financial freedom of Americans.
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