Donald Trump’s Polygon NFTs have Gone with the Wind

Donald Trump's Polygon NFTs are about to disappear into thin air if certain confusion isn't cleared

Former US President Donald Trump's digital trading cards are in a free fall. The NFTs have lost almost 75% of their value since they started. Experts are quite assured that Donald Trump's Polygon NFTs have lost a significant part of their momentum. Earlier, these NFTs became the talk of the crypto town and not to mention crypto Twitter itself! However, reports suggest that the total value of their momentum can only be tallied at around US$60,000, indicating a 96% from its all-time high when it started trading.

However, the collection is not yet dead. Currently, the entire NFT ecosystem is undergoing a slumber due to the uncertainty around its regulations, disastrous cryptocurrency movements, and most importantly, recession. The Trump NFTs primarily sold out at US$99 a piece. The NFTs depicted the former and one of the most controversial presidents of the US as a cowboy, astronaut, and so much more! Besides, a US$99 collection provided the buyers with a unique chance to win prizes and perks, and a dinner or a meet-and-greet with Trump himself!

Initially, the NFTs were widely mocked by some of Trump's own loyalists. Some even said that the artworks were copied from others and there was no element of authenticity among them. Besides, Trump's own team is alleged to have been hoarding a significant amount of the rare NFTs collection, there have also been reports of technical glitches.

It is quite commendable that Donald Trump, who himself was against promoting the cause of cryptocurrencies or any digital asset, has now changed his opinion about the trending concepts of fintech and has launched his own NFT collection. However, Trump does need to work out these issues if he does not wish for his NFTs to disappear into oblivion.