The former U.S. president’s second collection isn’t as successful as his first drop was, while Sotheby’s plans to sell an impressive NFT collection seized from Three Arrows Capital.
This week, former U.S. President Donald Trump tried to outdo his first bizarre foray into Web3, this time with a non-fungible token (NFT) collection with even more ridiculous art than the original. But it appears traders have grown tired of Trump’s digital trading cards, and volumes for both collections have plummeted on the secondary market. (Sad.) Meanwhile, auction house Sotheby’s (BID) plans to sell a collection of high-value NFTs seized by liquidators of bankrupt crypto hedge fund Three Arrows Capital, putting rare CryptoPunks and Chromie Squiggles up for auction for the first time since the asset portfolio was compiled in 2021. You’re reading The Airdrop, our weekly newsletter where we discuss the biggest stories across Web3. Sign up here to get it in your inbox every Friday.This Week's Alpha Trump NFTs, take two: In case you missed out on the first round of outlandish NFTs featuring the former president in various costumes and poses, Trump’s digital trading cards are back for a second series. Although both collections sold out within a day of launch, the first series had greater success in terms of secondary sales. At the time of writing, Trump’s second collection had a floor price on OpenSea of 0.049 ETH – or about $97, which is less than its mint price of $99. Currently, the best offer for a non-fungible token in the collection is 0.0469 ether (ETH), or about $91, 1 The former U.S. president’s second collection isn’t as successful as his first drop was, while Sotheby’s plans to sell an impressive NFT collection seized from Three Arrows Capital. 2 ​ 3 This week, former U.S. President Donald Trump tried to outdo his first bizarre foray into Web3, this time with a non-fungible token (NFT) collection with even more ridiculous art than the original. But it appears traders have grown tired of Trump’s digital trading cards, and volumes for both collections have plummeted on the secondary market. (Sad.) 4 Meanwhile, auction house Sotheby’s (BID) plans to sell a collection of high-value NFTs seized by liquidators of bankrupt crypto hedge fund Three Arrows Capital, putting rare CryptoPunks and Chromie Squiggles up for auction for the first time since the asset portfolio was compiled in 2021. 5 You’re reading The Airdrop, our weekly newsletter where we discuss the biggest stories across Web3. Sign up here to get it in your inbox every Friday.This Week's Alpha 6 Trump NFTs, take two: In case you missed out on the first round of outlandish NFTs featuring the former president in various costumes and poses, Trump’s digital trading cards are back for a second series. Although both collections sold out within a day of launch, the first series had greater success in terms of secondary sales. At the time of writing, Trump’s second collection had a floor price on OpenSea of 0.049 ETH – or about $97, which is less than its mint price of $99. Currently, the best offer for a non-fungible token in the collection is 0.0469 ether (ETH), or about $91, highlighting its shrinking perceived value among buyers. 7 Sales slump: According to data from OpenSea, the project’s trading volume began to slide the day after mint, and it has continued to flatline. 8 First series flump: Data also indicates that interest in the first collection has diminished among collectors, with its floor price dramatically dropping and losing about half its value after the second collection’s release. 9 No love for even rare Trumps: Even the rare 1/1s in the new collection aren’t attracting high bids. The highest sale for a Series 2 NFT to date was for 4.69 ETH (roughly $9,000) and features Trump as a wrestling champ. Contrast that with the 37 ETH sale (which was about $43,000 at the time of sale) of this tuxedoed Trump 1/1 from the first drop. 10 Bulls-eye for Three Arrows’ liquidators: Teneo, the firm tasked with liquidating bankrupt crypto hedge fund Three Arrows Capital, is teaming up with Sotheby’s to sell an impressive collection of seized NFTs worth millions of dollars. The auction house said the Grails collection includes "some of the most significant digital artworks ever assembled,” including rare pieces from Dmitri Cherniak’s “Ringers,” Snowfro’s “Chromie Squiggle,” Tyler Hobbs’ “Fidenza,” CryptoPunks and more. The first sales from the collection will take place during Sotheby’s marquee sale week this May in New York. Post settings Labels highlighting its shrinking perceived value among buyers. Sales slump: According to data from OpenSea, the project’s trading volume began to slide the day after mint, and it has continued to flatline. https://www.highrevenuegate.com/ggmpjr94?key=9ae95cbd6f8b71f9e2b0a71c2849b3b1 First series flump: Data also indicates that interest in the first collection has diminished among collectors, with its floor price dramatically dropping and losing about half its value after the second collection’s release. No love for even rare Trumps: Even the rare 1/1s in the new collection aren’t attracting high bids. The highest sale for a Series 2 NFT to date was for 4.69 ETH (roughly $9,000) and features Trump as a wrestling champ. Contrast that with the 37 ETH sale (which was about $43,000 at the time of sale) of this tuxedoed Trump 1/1 from the first drop. Bulls-eye for Three Arrows’ liquidators: Teneo, the firm tasked with liquidating bankrupt crypto hedge fund Three Arrows Capital, is teaming up with Sotheby’s to sell an impressive collection of seized NFTs worth millions of dollars. The auction house said the Grails collection includes "some of the most significant digital artworks ever assembled,” including rare pieces from Dmitri Cherniak’s “Ringers,” Snowfro’s “Chromie Squiggle,” Tyler Hobbs’ “Fidenza,” CryptoPunks and more. The first sales from the collection will take place during Sotheby’s marquee sale week this May in New York.