...By Henry George for TDPel Media.
Following the success of the first round of Trump NFTs, a second series of outlandish NFTs featuring the former US president in various costumes and poses has been released.
However, the second series has not performed as well as the first.
Although both collections sold out within a day of launch, the first series had greater success in terms of secondary sales.
Current Value of Trump’s Second NFT Collection
At the time of writing, the second Trump NFT collection had a floor price on OpenSea of 0.049 ETH, which is about $97.
This is less than its mint price of $99.
Currently, the best offer for a non-fungible token in the collection is 0.0469 ETH, or about $91. This highlights a shrinking perceived value among buyers.
Commentary:
The hype around the first series of Trump NFTs suggests that there is a market for outlandish and controversial NFTs.
However, the lackluster performance of the second series indicates that this market may be more limited than previously thought.
The decreasing perceived value of the second series could be attributed to a number of factors, such as the oversaturation of the NFT market or a declining interest in Trump himself.
Regardless of the reasons, this story highlights the volatility of the NFT market and the importance of carefully considering the potential value of NFTs before investing in them.
It remains to be seen whether the Trump NFTs will continue to be a popular collectible or if their perceived value will continue to shrink.
