Morning Minute | Trump Comes Back to NFTs

Morning Minute | Trump Comes Back to NFTs

TylerD's Market Summary

The ex-president has turned his mugshot into NFTs, and they're selling like hot cakes. Plus Coinbase is coming for the institutions + memecoins.

๐Ÿคฏ 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: 
  • 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 28,800 have been minted ($2.85M in revenue).

It looks like these will indeed mint out, and the timer will begin.

For Trump Cards Season 4.

๐Ÿ’Ž 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.

๐Ÿšš 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

๐ŸŒŽ 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

๐Ÿš€ 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)

๐Ÿ“ˆ 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)

๐Ÿ—“ 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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Disclaimer: The author or members of the Lucky Trader staff may own NFTs discussed in this post. Furthermore, the information contained on this website or the Lucky Trader mobile application is not intended as, and shall not be understood or construed as financial advice. AI may have assisted in the creation of this content.