Donald Trump's digital trading card collection, CollectTrumpCards, is adopting the bitcoin Ordinals framework. This innovative move heralds the debut of Trump's first collectibles on bitcoin, injecting a new dynamic into the nft (Non-Fungible Token) landscape.
Through an announcement on X (formerly Twitter), the official account revealed this strategic integration, stating: “TRUMP DIGITAL TRADING CARDS in bitcoin ORDINALS. The FIRST Trump trading cards in bitcoin”
TRUMP DIGITAL TRADING CARDS in bitcoin ORDINALS The FIRST Trump Trading Cards in bitcoin. Read this thread
— CollectTrumpCards (@CollectTrump) January 18, 2024
bitcoin Ordinals Now Host Trump NFTs
The collection, known for summarizing crucial moments in the life and career of the 45th president of the United States, now intersects with the novel concept of Ordinals. Unlike traditional NFTs, bitcoin Ordinals offer a method to inscribe data such as art, collectibles, or in this case, trading cards, directly into the bitcoin blockchain, ensuring an immutable record.
The company is presenting an attractive offer: collectors who purchase 100 Trump digital trading cards (each $99) using Wrapped eth (WETH) on CollectTrumpCards.com, specifically the “MugShot Edition,” receive a unique Trump digital trading card as a gift. bitcoin Ordinary.
The scarcity factor is a crucial selling point, and the ad emphasizes: “Only 200 of these 1/1 Trump Digital Trading Cards MugShot Edition bitcoin Ordinals will EVER exist in the world. “Each one is one of one.”
This exclusivity is further highlighted by the limited availability; As the ad notes, “Of the 200, only 99 remain to purchase with crypto (WETH) at http://CollectTrumpCards.com (And if you're one of the 101 who already purchased, you'll get your Ordinal! ).”
However, collectors are warned about the trading restrictions placed on these digital assets. As noted, “All Trump: MugShot Edition digital trading cards are non-transferable until December 31, 2024,” underscoring their status as collectibles rather than investment products.
From a financial perspective, the $9,900 per card price uniquely positions these assets in the market, especially considering the trading moratorium in place until December 2024. While this restriction emphasizes the collectible nature of the cards, it also restricts their liquidity and its mainstream appeal as an nft.
The initiative looks set to boost sales of Trump's latest nft collection, with the uniqueness and limited number of “one-of-one” Ordinals acting as key drivers. Additionally, the future opportunity to claim these exclusive Ordinals inscriptions through Magic Eden offers an expanded participation prospect for collectors.
Trump speaks out against CBDCs
Amid these developments, Donald Trump's political maneuvers, particularly his stance against the Federal Reserve's central bank digital currency (CBDC), have caught the attention of the crypto community in recent days.
In his words, “As your president, I will never allow the creation of a central bank digital currency. Such a currency would give the federal government absolute control over its money. “This would be a dangerous threat to freedom and I will prevent it from reaching the United States.”
At the time of publication, btc was trading at $41,394.
Featured image from The Dallas Morning News, chart from TradingView.com
