Donald Trump Makes History in the Cryptocurrency World with the Launch of His First Collection of NFTs on the Bitcoin Network

Former US President Donald Trump has made history in the cryptocurrency world with the launch of his first collection of NFTs on the Bitcoin Network.

Using the Ordinals protocol, this new initiative marks a crucial moment for NFT technology on Bitcoin, demonstrating the innovative potential of the world's oldest and most established blockchain network.

Trump NFT: an exclusive project on Bitcoin

The collection includes 160 unique pieces of digital collectible cards. These NFTs were created following the parent-child format thanks to the Ordinals protocol, which allows for the recording of digital content directly on satoshi (the smallest units of Bitcoin).

According to CollectTrumpCards, the promoter of the initiative, these NFTs are “the first and only official Bitcoin Ordinals created by Trump Digital Trading Cards.” The NFTs were inscribed on Alpha sat, one of the purest and rarest versions of satoshis, adding an additional layer of exclusivity to the project.

To access this exclusive collection, buyers must own at least 100 cards from the “Mugshot Edition”, a previous series of Trump Digital Trading Cards released on other blockchain platforms. Only those who meet this requirement can claim the NFTs from the collection on Bitcoin.

The demand for these unique NFTs was opened on Magic Eden, a trading platform for Ordinals, with a deadline set for January 31. Each registered wallet will receive a single NFT, with prices reflecting the exceptional nature of the project.

The minimum price for a Trump NFT on the Bitcoin network is 0.177 BTC (about $16,815), while some cards have reached the value of 20 BTC, equivalent to $1.9 million.

A step forward for NFTs on Bitcoin

The NFT on Bitcoin, a relatively recent innovation in the world of cryptocurrencies, are gaining popularity thanks to the Ordinals protocol.

This protocol allows for embedding data directly into satoshis, making them unique and transforming them into digital collectible objects. Trump’s initiative represents a significant turning point, bringing greater attention and credibility to Bitcoin-based NFTs.

Trump’s choice to use the Bitcoin Network for his NFT project marks a shift from traditional platforms like Ethereum or Polygon, historically more associated with NFTs. This shift could catalyze further projects on the Bitcoin network, establishing it as a new frontier for high-profile NFTs.

The launch of the Trump NFT Bitcoin collection has attracted widespread attention in the crypto community and among digital collectors. With such high starting prices, these NFTs position themselves as one of the most exclusive and sought-after digital assets on the market.

The reactions have been polarized: some see this initiative as an innovation in the NFT sector and a demonstration of the potential of the Bitcoin network, while others criticize the exorbitant prices and the limited accessibility of the collection.