There were 45,000 cards available for purchase at a cost of $99 each.
According to Newsweek, former US President Donald Trump’s digital trading cards have lost almost 72% of their value in one week. It is based on an examination of non-fungible tokens (NFTs) by the OpenSea marketplace, which monitors the sale of these cards. Mr. Trump’s digital collectibles were released on December 15 and quickly sold out. The NFTs were widely criticised online, yet they provided the developers with a $4.5 million profit.
There were 45,000 cards available for purchase at a cost of $99 each. The prior President also pushed these NFTs, which increased their sales.
According to OpenSea, after these cards were sold out, they were re-traded, causing their values to skyrocket, reaching $999 by December 17.
However, according to Newsweek, the value of these cards has dropped dramatically in the last week, falling to $280 on December 24.
According to OpenSea, the number of cards traded daily has also decreased from 6,661 on December 17 to 529 on December 22 and 260 on December 23.
NFTs are commonly collected as virtual art and are made using the same programming as cryptocurrency. As a result, the NFTs are built on blockchain technology.
The digital cards featured Mr Trump in a variety of avatars, including superman, an astronaut, a sheriff, and a NASCAR driver.
These NFTs were described as “non-political” on the website where they were sold.
The sellers offered a private Zoom chat with Mr Trump, as well as an exclusive dinner and meet-and-greet at his opulent private Pam Beach property. A hand-signed souvenir and a golf session with the former President and your buddies were also included.