Trump Comes Back to NFTs
The ex-president has turned his mugshot into NFTs, and they're selling like hot cakes. Plus Coinbase is coming for the institutions + memecoins.
TylerD's Market Summary
GM!
Today's top news includes:
Trump Cards Season 3: Mugshot Edition launch
Coinbase comes for the institutions and for memecoins
ETH and SOL NFTs bleed
Opepen Set 27 delights and opens at 2.1 ETH floor
Rainbow Wallet drops new Points program, vampire attacks MetaMask
🤯 Trump Is Back with More NFTs
Want another sign that an NFT bull market may be around the corner?
Trump is back.
Yesterday, the Trump Digital Trading Card team announced their new collection "The Mugshot Edition."
You can't make this stuff up.
The Details
For those interested, here are the basic details:
What: Season 3 of the Trump Digital Trading Cards
How Much: $99
Where: https://collecttrumpcards.com/
When: Already live
Why: For special perks, like dinner at Mar-a-Lago and a piece of his infamous suit
Yes that's right - a piece of the suit from his now famous mugshot pic.
Anyone who buys 47 digital cards will receive 1 physical card with a piece of that suit.
"It was a great suit, believe me, a really good suit."
Those buyers will also get a dinner with Trump at Mar-a-Lago, and buyers of 100 cards will get even more exclusive VIP prizes along with a physical piece of Trump's tie from the mugshot pic.
Again, you can't make this stuff up.
But there's a twist.
Trump and team are looking for true collectors. Thus they made the cards non-transferable until Dec 31, 2024.
That's one way to make sure the project doesn't fall below mint price on secondary.
Market Response
Trump's S1 Digital Trading Cards actually rallied from local bottom, holding at 0.17 ETH (still down 27% on the week).
The S2 cards aren't faring as well, holding just a 0.027 ETH floor (~$58).
Even with those poor results for S2, the Mughshot cards are minting.
So far over 29,000 have been minted ($2.9M in revenue).
It looks like these will indeed mint out, and the timer will begin.
For Trump Cards Season 4.
💎 Coinbase Announces Project Diamond
The institutions are coming.
And Coinbase wants to arm them with digital assets.
Yesterday, Coinbase announced the launch of Project Diamond.
This platform is designed specifically for institutional players in the financial market, providing a comprehensive suite of tools for creating, purchasing, and selling digitally native assets.
Leveraging smart contract technology, Project Diamond aims to streamline and secure transactions in the digital asset space.
The Details
Here are some basics regarding the announcement:
Foundation: Project Diamond is built on smart contracts for seamless digital asset transactions (create, buy, sell)
Proven Execution: The successful issue of the first digital debt instrument for the Abu Dhabi Global Market demonstrates the platform's capabilities
Technology Stack: Utilizing Coinbase’s Base L2 and its technology stack (Coinbase Prime custody, Web3 Wallet, the Project Diamond platform, and USDC)
Target Market: Designed for institutional use, aiming to increase global blockchain adoption
Why It Matters
Project Diamond's introduction by Coinbase is a significant advancement in the integration of blockchain technology into mainstream financial systems.
In the current state, <0.25% of global assets are on-chain.
Coinbase wants to see that percentage increase dramatically, via its tech stack.
And they are positioned as well as anyone to bring the next wave of blockchain market participants into the crypto economy.
Right now, Project Diamond is available only for registered institutional users outside the U.S., with plans for broader expansion.
Its success in the Abu Dhabi Global Market (“ADGM”) RegLab sandbox will pave the way for future developments in the digital asset management space.
🚚 What else is happening in NFTs?
Here is the list of other notable headlines from the day in NFTs:
ETH trading volume fell to $26.4M on Tuesday, while NFT leaders were mostly red again (most down 2-3%)
Matr1x Kuku led notable top movers +29% to 2.97 ETH, and Kodas jumped 15% to 4.3 ETH
Solana NFTs had a very bloody day with Tensorians -24% to 89 SOL floor Mad Lads down another 6% to 175 and Claynos -15% to 53
New Solana projects saw big results with Bankmen opening up at a 4.56 SOL floor (a 50% win for minters) and Not Sgt Pepe opening at a whopping 35 SOL floor (a 13x for minters who paid just 2.69)
Opepen Set 27 revealed on Tuesday and was widely acclaimed, opening at a 2.1 ETH floor with several sales in the 1-2 ETH range
Fifa introduced NFTs with a chance to win 2026 World Cup Final Tickets, with 100 rare NFTs and 900 more coming behind; the NFTs are moving from Algorand to Polygon
PortalCoin is launching an app on Floor called Crystal Dash, allowing users to earn points with 300M available
🌎 Around Crypto and Web3
A few other Crypto and Web3 headlines that caught my eye:
Crypto majors were red on the day ahead of today's pivotal FOMC meeting; BTC -1.5% at $41,160; ETH -1.8% at $2,180; SOL -6.75% at $66
Coinbase officially added BONK to its listing roadmap, which may have served as a local top for the coin which has since fallen 22% to a $611M market cap (most memecoins following suit)
Rainbow Wallet introduced its Rainbow Points program and a full-on vampire attack on MetaMask, giving more points to users who import their wallets from MM and switch
Solana DeFi faced an issue with mSOL depegging after a whale sold $7M worth
🚀 NFT Total Volume
BAYC (1,796 ETH, 28.1 ETH Floor)
Matr1x Kuku (1,642 ETH, 2.97 ETH)
Pudgy Penguins (1,396 ETH, 10.1 ETH Floor)
Poglin: Nycra (873 ETH, 0.2 ETH)
MAYC (778 ETH, 5.45 ETH)
📈 NFT Floor Price Increase
Moonrunners (133%, 0.09 ETH Floor)
Mittaria Genesis (34%, 0.59 ETH)
Matr1x Kuku (29%, 2.97 ETH)
Mavia Land (27%, 0.65 ETH)
Forgotten Runes Wizards (20%, 0.94 ETH)
🗓 Upcoming NFT Mints and Reveals
Today is a very busy day of drops spanning memes, games and art.
Art Blocks Curated is back with artist Shaderism and "Blind Spots," 400 in supply.
Kim Asendorf is partnering with FingerprintsDAO and GrailersDAO for a 200 piece mint called "Alternate" priced at 0.5 ETH each, premiering at Funkhaus in Berlin.
And Parallel's long-awaited Planetfall pack opening event starts this morning.
See the full list and dive in for more details with Swizzy's daily mint monitor.
Kim Asendorf - Alternatve (8:00 a.m. ET)
Parallel - Planetfall Pack Opening (9:30 a.m. ET)
Memes by 6529 (11:00 a.m. ET)
Amber Vittoria x Paolo - Labyrinth (11:00 a.m. ET)
Art Blocks Curated "Blind Spots" (12:00 p.m. ET)
Adam genlight - Sometimes I Sing Back (12:00 p.m. ET)
Hackatao x insight - Aleph-o (1:00 p.m. ET)
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