Trump Mug Shot Gets NFT Treatment: How You Can Also Own A Piece Of The Suit He Wore
Portfolio Pulse from Chris Katje
Former President Donald Trump has launched a third collection of NFTs, the 'MugShot Edition,' which includes digital and physical trading cards, some containing pieces of the suit he wore in his mug shot from an arrest. The NFTs are priced at $99 and can be purchased with credit cards or Wrapped Ethereum (WETH). The collection has 100,000 digital collectibles, a significant increase from previous releases. Buyers of 47 NFTs will receive a physical card and an invitation to a dinner gala at Mar-a-Lago. The suit was authenticated by MEARS, a sports memorabilia authenticator. The NFTs cannot be transferred until December 31, 2024. Trump's previous NFT collections have seen value increases post-launch, with the first collection's floor price at 0.12 ETH and the second at 0.0315 ETH.

December 12, 2023 | 8:33 pm
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The article mentions that Trump's NFTs can be purchased with Wrapped Ethereum (WETH), which could potentially increase demand for Ethereum as it is used to buy the NFTs.
The direct mention of Wrapped Ethereum (WETH) as a payment method for Trump's NFTs suggests that there could be an increase in transactions using Ethereum, which may have a positive short-term impact on Ethereum's demand and price. However, the overall market conditions and broader crypto market trends will also influence the actual impact.
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