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Donald Trump, former US President enters the NFT space again with his third drop

Former US President Donald Trump announces his third non-fungible token (NFT) drop, titled "MugShot," revolving around the theme of his ongoing legal challenges. The digital trading cards, available for purchase using credit cards or Wrapped Ether (wETH), are non-transferable until December 31, 2024. Prospective buyers must undergo Know Your Customer (KYC) verification, even when using cryptocurrency.

The collection commemorates a historical moment on August 24, 2023, when President Trump was formally arrested in Fulton County, Georgia. Described on the collection's website, the event marks the first-ever mugshot of a United States President, capturing Trump with a determined gaze and furrowed brow, symbolizing his refusal to surrender.

Priced at $99 each, buyers acquiring 47 or more digital trading cards have the opportunity to receive "a piece of the president’s ACTUAL suit from his famous mugshot & dinner at Mar-a-Lago with the President." This venture marks Trump's third foray into the NFT space, following previous successful releases. Melania Trump, the former first lady and Donald Trump's wife, has also ventured into the NFT market with her own collection.

Amid Trump's pursuit of a non-consecutive second term in the 2024 US presidential election, he faces 91 felony charges related to business fraud and alleged efforts to overturn the 2020 election, as indicted by state and federal authorities. Despite these legal challenges, the US Constitution lacks automatic disqualification clauses for suspects or convicted individuals seeking federal office. Enforcement of the 14th Amendment, which bars convicted insurrectionists from holding public office, requires congressional action.

As interest in Trump's legal proceedings grows, the prices of his NFTs have seen a spike, particularly following the release of his mugshot in the Georgia criminal case.

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