Trump Ordinals NFTs Break the Norm
The introduction of Donald Trump's Mugshot Edition NFT Collection on the Bitcoin Ordinals platform marks a unique move in the NFT space. Former US President Trump has been active in the NFT market since late 2022, with his latest collection aiming to incentivize sales by offering a chance to own a rare digital collectible on the Bitcoin blockchain.
Digital Collections on Polygon Blockchain: Trump's previous NFT collections operated on the Polygon blockchain, a layer 2 scaling solution for Ethereum. The move to Bitcoin Ordinals represents a crossover to a different blockchain.
One-of-One Bitcoin Ordinal Cards: The promotional offer includes a chance for collectors to own a "one-of-one Bitcoin Ordinal digital trading card." These cards, inscribed onto the Bitcoin blockchain, are part of the Mugshot Edition Collection.
Limited Run and Scarcity: Only 200 Mugshot Edition Bitcoin Ordinal cards will be created, each with unique serial numbers denoting order and scarcity. Out of these, 101 cards will be given away as part of the promotional deal, and the remaining 99 will be available for purchase.
Built-in Advantages of Bitcoin Blockchain: The use of the Bitcoin blockchain provides advantages in terms of data security, longevity, and scarcity compared to other platforms. Storing NFTs at the protocol level on Bitcoin Ordinals ensures a lower risk of lost data or value.
Bitcoin Ordinals Protocol: The Bitcoin Ordinals protocol, introduced in early 2023, allows for the inscription of data like images and text directly onto the Bitcoin blockchain. This differs from NFTs on other platforms, which typically contain links to digital art files hosted on conventional web servers.
Incentive Structure: To qualify for an immutable Mugshot Edition Bitcoin Ordinals card, collectors must purchase 100 Mugshot Edition NFTs using wrapped ETH. The offer is limited to the first 101 buyers, although the website states it is available to the first 200 buyers. The total cost is $9,900 ($99 per NFT).
Additional Incentives: Buyers qualifying for the offer receive additional perks, including a gala dinner with Trump at Mar-a-Largo, two physical trading cards featuring a piece of the suit/tie from Trump's infamous viral mugshot, and various items given out at the gala dinner.
Claiming Procedure: Those who qualify can claim their Ordinal card from the "Magic Eden on Bitcoin" NFT marketplace after 90 days, although details on the claim procedure are currently unknown.
This crossover between Trump's NFT collection and the Bitcoin Ordinals platform reflects the evolving landscape of NFTs and their integration with different blockchain technologies.
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