Latest News

Crypto: Donald Trump’s new NFT collection lets you Zoom call him as a prize

0

In December, Donald Trump’s nonfungible token collection sold out in less than 24 hours on OpenSea, a popular NFT marketplace. On Thursday morning, the same OpenSea account that sold the original set of Trump Digital Trading Card NFTs launched sweepstakes prizes called “Win Trump Prizes.”

The prizes include tickets to a group Zoom call with the former U.S. president. The cheapest NFT ticket for the Zoom call costs 0.03 ETH, or $31, and the most expensive NFT ticket for the Zoom call costs 15 ETH, or about $1,400. The promotion said they “can be redeemed for one (1) ticket to a 2,000-person 20-minute Zoom call with President Trump at a date and time to be determined by the Company. Participants will have an opportunity to submit questions in advance of the Zoom call, but there is no guarantee that the question(s) will be asked or answered.”

“If you win a sweepstakes prize, you will receive another NFT representing that prize. Within one or two hours of claiming your winning prize, the new NFT will be minted and airdropped to the same wallet,” confirmed a spokesperson from the CollectTrumpCards team in an email to MarketWatch.

“You may either view your prize right now on a secondary marketplace such as OpenSea, or wait to redeem your prize through our new portal in the upcoming weeks.”

When the original Trump NFT collection launched in December and sold for $99 each, users were told they’d be entered into a sweepstakes to win prizes, and anyone who bought 45 NFTs out of 45,000 offered could win a gala dinner with Trump.

Now, some who attained prizes are trying to flip them on OpenSea for high prices. Although, a one-on-one 20 minute meeting with Trump at Mar-a-Lago was still up for grabs for 200 ETH, or around $285,000, at last check.

The new collection of “Win Trump Prizes” had 668 holders as of Thursday, and a total trading volume of 38 ETH, or around $54,000, according to OpenSea.

The original collection’s initial popularity saw a steep drop off, with trading volume down 99% according to CryptoSlam data. Sales peaked at $3,093,385 on Dec. 19 and fell to $21,160 on Jan 12.

Trump won the White House in 2016, but lost to President Joe Biden in 2020. Trump said in November that he plans to seek the presidency in 2024, marking his third run for the Oval Office.

ETH
ETHE,
+0.20%

prices are down 57.74% over the past 12 months, according to CoinDesk data.

The Wall Street Journal: Judge denies request from Elon Musk to relocate trial over Tesla tweets

Previous article

Earnings Results: JPMorgan, Wells Fargo, Bank of America and Citi beat earnings expectations, but worries about headwinds remain

Next article

You may also like

Comments

Leave a reply

Your email address will not be published. Required fields are marked *

More in Latest News