Trump launches new NFT collection

Republican presidential candidate Donald Trump has announced the launch of yet another collection of NFT trading cards. This is Trump’s fourth series of NFTs, further cementing his position as the “cryptocurrency president.”

According to the candidate, the collection features artwork in which he appears “dancing and even holding some bitcoins.” Trump made the announcement in a promotional video that he shared on his social network, Truth Social.

Collection can have up to 360 thousand cards

The collection will be called the “America First Collection” and will be minted again on Polygon, which is an Ethereum scaling network.

The cards will be sold for $99 each. According to the official website, there should be up to 360,000 cards when the minting is complete.

This collection will therefore become the largest set of Trump NFTs. After all, the last collection, in December 2023, was supposed to have up to 100,000 cards. However, they only sold 50,000 of them.

Furthermore, the first set of NFTs reached the 44 thousand mark, while the second reached 46 thousand cards sold.

Advantages for those who buy NFTs

As with the first sets, those who buy the new Trump cards in bulk will have some advantages.

For example, users who purchase 75 or more units in a single transaction will be eligible for a gala dinner with the presidential candidate. The meeting will take place at Trump’s golf club in September.

Additionally, purchasing 15 or more cards comes with another benefit. Buyers will receive a physical card containing a piece of the suit Trump wore to the debate with Joe Biden in June.

In fact, some of the politician’s fans refer to the piece of clothing as “the knockout suit.” Finally, another prize could also be a pair of sneakers from the former president’s brand.

Trump has changed his mind about the crypto market

In July of this year, Donald Trump had already announced that he was interested in launching a new collection of crypto assets. In fact, he licensed his image rights for several collections, and two of them sold out shortly after their launch.

Furthermore, he stated that the positive response from investors to previous collections helped him change his mind about the crypto market. The politician had been critical of the market when he was the US president. However, according to him:

“I realized that 80% of the money for the collection was paid in crypto. It was amazing. So I made the NFTs and it was a success.”

Difficulties with secondary markets

When Trump launched his original collection in late 2022, it was widely derided by mainstream commentators. However, it sold out within a day and sparked ever-increasing demand on the secondary market.

The problem is that with the second set, released in 2023, the prices of the original cards have plummeted. Furthermore, only about half of the third batch has been sold to serious collectors.

Therefore, it was announced on the project’s website that the newest collection cannot be resold on secondary markets until January 31, 2025.

The company behind it is NFT INT LLC, which has a license to use Trump’s image and branding.

Finally, the company informed, through its website, that the candidate’s campaign will not receive any funds from the sale of the NFTs.

The “president of cryptocurrencies”

The Republican candidate has been increasingly embracing the crypto space, making cryptocurrencies a key issue in the election. For example, in recent months, Trump has declared himself a vehement supporter of Bitcoin and other crypto assets.

In July this year, at the Bitcoin 2024 conference in Nashville, the former president declared that he will protect the rights of American crypto miners. In addition, he said that he plans to strengthen the US strategic Bitcoin stockpile.

It is also worth remembering that he had already chosen Senator JD Vance as his running mate. Vance is known as a pro-crypto politician. In fact, to reinforce his new position, Trump stated that:

“They [the crypto community] call me the president of crypto. I don’t know if that’s true or not, but a lot of people are saying that.”

Additionally, the politician recently announced his support for a crypto project led by his two sons, Donald Trump Jr. and Eric Trump. However, there is no detailed information about their initiative yet.

Finally, Trump made a post on Truth Social in which he says it is time to:

“Take a stand against the big banks and financial elites. For too long, the average American has been bullied by the big banks and financial elites.”

Trump tries to gain ground with crypto investors

Trump’s strategy seems to be to increasingly position himself as the crypto candidate in these elections. After all, while he is increasingly making statements in favor of this market, his rival, Democrat Kamala Harris, continues to not openly express her position.

In fact, just this month, according to CryptoNews, Galaxy’s head of research, Alex Thorne, stated that Harris’s choice of advisors seems to point to a hostile attitude, just like Biden’s.

That’s because the candidate’s campaign hired Brian Deese and Bharat Ramamurti, former economic advisers to Biden. The two are known for their stance against the Clarity for Payment Stablecoins Act of 2023.

However, billionaire entrepreneur Mark Cuban recently claimed that Harris’ campaign approached him with “multiple questions” about cryptocurrencies.

Additionally, other industry figures have expressed some optimism about Harris, believing she will be more open to cryptocurrencies than Biden.

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