Melania Trump, former First Lady, has entered the buzzing non-fungible token (NFT) market. Recently, she released her own unique collection of NFTs, titled “The 1776 Collection.” The series, hosted on the Solana blockchain, carries a patriotic theme, drawing from quintessential American symbols such as the Statue of Liberty and Mount Rushmore.
Quick Takes:
- Melania Trump enters NFT market with her ‘The 1776 Collection’, showcasing an ongoing interest in digital collectibles.
- Despite Donald Trump’s NFT misstep, Melania Trump’s collection emphasizes the Trump family’s continued engagement with the profitable NFT industry.”
- Melania’s NFT venture channels proceeds to ‘Fostering the Future’, blending blockchain technology with charity work.
The Patriotic Collection’s Details
Consisting of seven distinct designs, the collection offers 3,500 NFTs, each priced at $50. Interested buyers can find these digital collectibles on the USA Collectibles website. Interestingly, the website also hosts “POTUS TRUMP” NFTs that depict the former president and Melania herself. Additionally, although not expressly stated on the NFT site, reports suggest that part of the proceeds will go towards “Fostering the Future.” This program falls under Melania’s “Be Best” initiative, targeting support for foster children.
The Trump’s Pioneering Presence in the NFT Arena
Melania is not the first in her family to tap into the NFT realm. Prior to her, Donald Trump, her husband and former US President, launched his digital trading card collection in 2022. The venture witnessed immense success, selling out within 24 hours. Despite the initial mockery, the NFT cards’ popularity surged, both within the NFT community and among broader audiences. In fact, the cards’ resale values skyrocketed, reaching over $1,000 per card on secondary markets. Consequently, the venture raked in over $20 million in sales.
However, the release of an additional 47,000 NFTs by Donald Trump in April triggered a significant plunge in the initial set’s value. Currently, the original Trump digital cards start at roughly $185 worth of Ethereum on secondary markets. In contrast, the second set starts at nearly half the original minting price, approximately $54 worth of Ethereum.
In conclusion, Trump’s foray into the NFT market has elicited mixed reactions. Yet, with the launch of “The 1776 Collection,” Melania Trump demonstrates a continued interest in digital collectibles. Thus, the question remains whether this represents a genuine interest in the evolving technology or merely a lucrative business endeavour. As the NFT market expands, only time will unravel this mystery.
Source: NFT Lately
