Trump NFTs Soar as Q1 Trading Volume Hits $4.7B Amid Indictment
hot stories

Trump NFTs Soar as Q1 Trading Volume Hits $4.7B Amid Indictment

written by John Murphy | April 3, 2023

Total NFT market volume reached $4.7 billion in the first quarter, doubling consecutively from the previous quarter. Meanwhile, Square Enix has removed the Final Fantasy trading cards that are not yet tradable. 

Officially licensed Trump Digital Trading Card Non-Fungible Token (NFT) project reserve price rises following the news. New York Grand Jury voted, for former President Donald Trump, on March 30 bottom. 

Key Takeaways

  • Total NFT market volume reached $4.7 billion in the first quarter.
  • The announcement spurs action or an among NFT traders.
  • According to the report blockchain platform DappRadar on March 30.
  • Square Enix is the Japanese gaming giant behind the wildly popular Final Fantasy franchise.

The announcement appeared to spur action among NFT traders, with the price floor rising from the 0.46 Ether ETH ticker to $1,814 at current prices ($835 at current prices) and 0.6 ETH (1,090 USD at current prices), according to OpenSea data. 

When the project launched in December 2022 or it offered to select NFT toddlers exclusive one-on-one experiences or private golf sessions, dinners, and conversations with Trump.  

News of impeachment could affect the former president’s ability to share his experiences. When writing, the lowest price is back at around 0.51 ETH. Price is above December’s initial coin price of $99. 

Nft Sales Hit $4.7 Billion In First Quarter 

According to a report on blockchain analytics platform DappRadar on March 30, NFT trading volume in the first quarter of 2023 was $4.7 billion more than the double previous quarter.  

The company noted bullish action by Blur marketplace, which took the market by storm with its token airdrop farming in February. Moreover, the  $4.7 billion was up 8.56% from 19.4 million NFT sales in Q1, compared to $1.9 billion reported in Q4 2022, and total volume increased 147%. 

The Ethereum network accounted for a whopping $4.1 billion in volume, second place Solana contributed $242 million, and Polygon came third with $85 million for the quarter.  

Square Enix Releases Final Fantasy Nft Trading Cards 

Square Enix Japanese gaming giant behind, the popular Final Fantasy franchise has released NFT trading cards to celebrate the 25th anniversary, of Final Fantasy VII.  

trump's NFT card
Source: fastcompany

NFT is part of the Final Fantasy VII Anniversary Art Museum Digital Card Plus Collection, which includes five physical cards and 6th digital NFT card. Despite being called trading cards, Square Enix said on the website that NFTs could only be traded, or transferred at this time if the company decides to build a market for them.  

Nft Flight Tickets

Argentinian low-cost airline Flybondi has introduced NFT domestic tickets, as part of the ‘ticket 3.0’ initiative. According to a rough translation of the company’s March 29 announcement, users of the new service can directly rename their tickets, transfer them to others, or gift them and the company’s current tickets. It streamlines the sales model. 

“Ticket 3.0 gives passengers more flexibility and control over their journey because it can be changed. Rename give away their tickets in a simple, autonomous way,” noted Flybondi CEO Mauricio Sana, adding that:

With this launch, we aim to have a positive impact on the aviation industry through innovation, and application of blockchain technology.”  

Move follows an expanded partnership with NFT ticketing company TravelX, founded last year, using the Algorand blockchain for tokenization.