Former U.S. President, Donald Trump, is causing a stir in the world of nonfungible tokens (NFTs) with an enticing offer. Trump’s NFT collection, known as the “Mugshot Edition,” has introduced an exclusive reward for those who purchase more than 100 NFTs from the collection. This reward comes in the form of “One-of-One” trading cards called Bitcoin Ordinals, which has generated excitement among NFT enthusiasts.
The team responsible for curating Trump’s NFT collection recently revealed that buyers who acquire 100 or more Mugshot editions of the Trump Digital Trading Cards NFTs will qualify for these special Bitcoin Ordinals. It’s important to note that only 200 unique Ordinals NFTs will ever be created, and they will only be available to those who have invested at least $9,900 in the Mugshot NFTs.
Trump’s “Mugshot” collection made its debut in December on the Polygon (MATIC) network, offering potential buyers the option to make purchases using a credit card or Wrapped Ether (WETH). However, there’s an interesting twist – the Mugshot NFTs and the Ordinals cannot be traded until December 2024. The project’s official account cited this restriction as a measure to discourage using these NFTs as “investment vehicles” and emphasized that they are intended for “individual enjoyment only.”
In a surprising turn of events, the Pudgy Penguins NFT collection recently achieved a remarkable milestone by reaching an all-time high floor price of 19.05 ETH, equivalent to approximately $47,000. This surge in value showcases the dynamic nature of the NFT market, with the Penguins’ floor price skyrocketing from 10.78 ETH to 17.8 ETH in just seven days. The Pudgy Penguins’ rapid rise stands out in a market where several prominent NFT collections, including the Bored Ape Yacht Club, have been experiencing declines in their asset values. This development highlights the unpredictability and potential for significant gains within the NFT space.
Donald Trump’s decision to incentivize collectors with exclusive Bitcoin Ordinals has sparked significant interest in his controversial “Mugshot Edition” NFT collection. By offering these rare Ordinals NFTs as a reward, Trump’s NFT team aims to boost sales and attract more buyers to the collection. The allure of owning one of only 200 Bitcoin Ordinals, combined with the exclusivity of the offer, has created a sense of urgency among potential investors. To be eligible for this unique opportunity, buyers must invest a substantial sum, further fueling interest and demand for Trump’s Mugshot NFTs. While the Mugshot NFTs have received mixed reactions since their launch, this latest marketing strategy exemplifies the evolving tactics employed within the NFT ecosystem to entice collectors and enthusiasts alike.