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Donald Trump's NFTs Have Limits Normal Ones Don't

Buyers of these Bitcoin ordinals can't trade them for almost a year.

By Danny Nelson
AccessTimeIconJan 18, 2024 at 8:31 p.m. UTC
Updated Mar 8, 2024 at 8:13 p.m. UTC
Donald Trump pitching his NFTs (CollectTrumpCards.com)
Donald Trump pitching his NFTs (CollectTrumpCards.com)
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Donald Trump is out with his latest digital collectible gimmick: Something resembling an NFT on the Bitcoin blockchain that effectively costs $9,900 but, unlike normal NFTs, cannot be traded by its owners anytime soon.

The former U.S. president's NFT venture announced in a post on X that collectors who pay $99 apiece for 100 of his "mugshot edition" NFTs – issued in December on the Polygon blockchain – will also get a unique card in the form of an ordinal – an NFT-like digital asset on the Bitcoin blockchain.

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    "The First Ever Trump Trading Cards officially created the Bitcoin Blockchain!" read part of the announcement tweet thread that featured grammatical errors and non-standard capitalization.

    The offer is apparently meant to drum up sales of Trump's most recent NFT collection. At max, only 200 of these "one of one" ordinals will be minted, according to the post.

    But buyer beware: the ordinals, as well as the 100 NFTs that one must buy to get it, cannot be traded by their owners until December 2024. The thread said this limitation is meant to restrict their appeal as "investment vehicles," but in so doing, it also severely denigrates their appeal as NFTs.

    Edited by Nick Baker.

    Disclosure

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    CoinDesk is an award-winning media outlet that covers the cryptocurrency industry. Its journalists abide by a strict set of editorial policies. In November 2023, CoinDesk was acquired by the Bullish group, owner of Bullish, a regulated, digital assets exchange. The Bullish group is majority-owned by Block.one; both companies have interests in a variety of blockchain and digital asset businesses and significant holdings of digital assets, including bitcoin. CoinDesk operates as an independent subsidiary with an editorial committee to protect journalistic independence. CoinDesk employees, including journalists, may receive options in the Bullish group as part of their compensation.

    Danny Nelson
    Danny Nelson

    Danny is CoinDesk's Managing Editor for Data & Tokens. He owns BTC, ETH and SOL.

    Follow @realDannyNelson on Twitter

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