Donald Trump, the former President of the United States, has announced a new nonfungible token (NFT) collection called “MugShot,” inspired by his recent criminal indictments.
The collection, unveiled on Dec. 12, features trading cards available for purchase with credit card or Wrapped Ether (wETH). The NFTs are non-transferable until Dec. 31, 2024, and all buyers, including those paying in crypto, must complete a Know Your Customer (KYC) process. The collection’s website provides a context for the theme:
Priced at $99 each, those purchasing 47 or more cards can receive a fragment of the suit Trump wore in his mugshot and an invitation to dinner at Mar-a-Lago. This marks Trump’s third foray into the NFT space, following his wife Melania Trump’s previous NFT launches.
Amidst his legal entanglements, Trump is campaigning for a non-consecutive second term in the 2024 U.S. presidential election. He faces both state and federal indictments related to business fraud and allegations of trying to overturn the 2020 election, with a total of 91 felony charges. Nevertheless, the U.S. Constitution does not explicitly prevent individuals under indictment or conviction from running for federal office. The enforcement of the 14th Amendment, which prohibits convicted insurrectionists from holding public office, would require congressional action.