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Former US President Donald Trump grabbed the attention of the NFT space in December with the launch of its digital trading cards, but the short-lived hype has since passed given way to crash sales. Now, the NFT passes linked to related benefits are seeing a similarly medium demand, with tokenized tickets to a group Zoom call with Trump selling for under $25 apiece.
Trump’s digital NFT card was sold with the option for buyers to receive one of many potential benefits associated with the disgraced politician, including dinner or a personal meet-and-greet with Trump, private and group Zoom calls, and more.
These NFT access passes – which, like the collector’s cards, were stamped on Ethereum side chain network Polygon– was sent to NFT card buyers starting last month. This rollout is still ongoing, with some NFT benefits sent to card buyers as late as this morning, according to public blockchain data curated by the OpenSea marketplace.
Some of these NFTs are quickly flipped to other users, but they don’t have skyrocketing prices like the original NFT cards did right after launch. Based on data from OpenSeait’s mostly NFT transfers to a group Zoom video call with Trump selling – and some have traded hands for less than $25 worth of ETH in the last day.
According to the NFT description, each Zoom call will include up to 2,000 people and last 20 minutes. Participants may submit questions prior to the call, but there is no guarantee that their questions will be asked, let alone answered.
To date has Win the Trump Prize’s NFT collection— which comes from the same developer as the original Trump NFT collectibles — has yielded just 35 ETH (about $48,500 today) in trading volume on secondary markets, with the listed items starting at just 0.0174 ETH ($24) apiece.
The largest recorded sale to date was 5 ETH (over $6,900) for a redemption ticket for a digitally signed Trump NFT trading card on December 21, followed by a 2 ETH (almost $2,800) sale of a Trump meet-and-greet pass on January 3.
Some NFT holders are at least trying to swing a significant sale of their bonus cards: a ticket to a one-on-one Zoom meeting with Trump is currently listed for 200 ETH ($277,000) at OpenSea, with a gala dinner ticket NFT listed for 50 ETH (over $69,000). However, that does not mean that these sellers will get their prices for these NFTs, or anything close to them.
An NFT is a blockchain token that represents ownership of a unique item, including digital items such as artwork and collectibles. NFTs can also serve as an access pass or redemption ticket for both digital and physical experiences.
Trump’s NFT trading card was launched on December 15th to mostly derisive responses on Crypto Twitter and even criticism from some of his ardent supporters. Nevertheless, the project sold through 44,000 of the Polygon NFTs for $99 apiece within 24 hours (another 1,000 NFTs were held back by the project creators), and then sales on the secondary market skyrocketed.
Even late night comedy shows like “Saturday Night Live” got in on the Trump NFT craze after the collection generated millions of dollars worth of secondary sales in the first few days alone, and buzz pushed prices to several times their original asking price.
But The hype spike was short-lived, and both NFT prices and secondary sales volumes have fallen sharply since. On Sunday, the project set a new daily low in sales of just over $21,000 total, per data from CryptoSlam—down more than 99% from its peak day of sales of more than $3.5 million on December 17.
