Trump dangles free Ordinals to sell more Mugshot NFTs
Donald Trump is banking on Bitcoin Ordinals to push up sales of his controversial Mugshot Edition nonfungible tokens (NFTs).
The team behind the former United States president’s NFT collection has announced that any user who purchased 100 or more Mugshot Editions of the Trump Digital Trading Cards NFTs will now receive a “One-of-One” trading card as a Bitcoin Ordinal.
According to a Jan. 18 post on X (formerly Twitter) from CollectTrumpCards, only 200 unique Ordinals NFTs will ever be minted, and they will only be available to those who spend $99 apiece for at least 100 of his latest Mugshot NFTs — meaning the user would have had to spend at least $9,900 in total.
1. Great News Collectors! When you purchase 100 Trump Digital Trading Cards using Crypto (WETH) on https://t.co/vrpHbxyrFG Mugshot Edition, you also get a One-of-One Trump Digital Trading Card.
Your One-of-One card will be minted as a Bitcoin Ordinal!
— CollectTrumpCards (@CollectTrump) January 18, 2024
Trump’s Mugshot collection was launched in December 2023 on the Polygon network. The Mugshot NFTs could be purchased with a credit card or natively with Wrapped Ether (WETH).
Notably, the Mugshot NFTs and the Ordinals cannot be traded until December 2024. The official X account for the project said this was to disincentivize their use as “investment vehicles” and claimed that the new NFTs were for “individual enjoyment only.”
Pudgy Penguins record new all-time-high
The Pudgy Penguins NFT collection hit a massive new all-time high on Jan. 17, reaching a peak floor price of 19.05 ETH, equivalent to $47,000.
The Penguins climbed from 10.78 ETH to 17.8 ETH in just seven days, one of the only NFT collections in the broader market to make such a significant move. It comes as other mainstay collections, including Bored Ape Yacht Club, continue to post losses for their holders.
Pudgy Penguins’ floor price surged drastically between Jan. 13 and Jan. 19. Source: NFT Floor
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