The Trump family remains comfortable with Non-Fungible Tokens (NFTs). Now it is Melania Trump, the former first lady, releasing a set of NFTs echoing the spirit of the impending Independence Day celebration.
Dubbed “The 1776 Collection”, these digital tokens are rooted in Melania’s Solana blockchain and feature iconic American symbols like the Statue of Liberty and Mount Rushmore. They are displayed on animated placards, transforming them into vibrant digital collectibles. Priced at $50 each, the collection encompasses seven designs, culminating in a total of 3,500 NFTs.
To facilitate the sale of these NFTs, a website called USA Collectibles has been set up. The website also offers “POTUS TRUMP” NFTs, spotlighting images of the former President and first lady. The launch of the NFT sale was further boosted by a tweet from Melania Trump, retweeting the company’s announcement.
The sales of the NFTs hold philanthropic potential as well. Although not explicitly stated on the NFT website, Fox News suggests that a certain portion of the proceeds will assist Fostering the Future, a wing of Melania Trump’s wider Be Best resource program that aids foster children.
In the past two years, the Trumps have made substantial strides in the NFT arena. Melania Trump spearheaded this journey in December 2021, releasing her own NFT collection. She continued to produce more NFTs in 2022, paving the way for Donald Trump’s digital trading cards collection. A total of 45,000 NFTs, sold at $99 each on the Ethereum scaling network Polygon, came with special perks like a dinner with the former president or a group Zoom meeting invitation.
Despite initial criticism, these NFTs sold out within 24 hours and caught the attention of both the NFT community and mainstream observers. The resale value soared, reaching over $1,000 apiece on secondary markets, and has generated over $20 million in sales so far.
However, the release of an additional 47,000 NFTs in April, also priced at $99 each, led to a significant drop in the value of the original NFTs. The first set of digital trading cards now stands at $185 worth of ETH on secondary markets, while the second set is roughly half the mint price, valued at about $54 worth of ETH.