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Donald Trump Unveils Fourth NFT Collection: 'The America First Collection'

Aug 31, 2024

3 min read

Former President Donald Trump has launched his fourth series of non-fungible tokens (NFTs), dubbed 'The America First Collection.' The new digital trading cards are priced at $99 each and feature various creative designs, including 'Sneakerhead Trump' and 'SuperTrump.' The collection has already sold 22,000 units within a day of its release, generating over $2.17 million in sales.

Key Takeaways

  • Donald Trump has released his fourth NFT collection, 'The America First Collection.'

  • The NFTs are priced at $99 each and feature unique designs.

  • The collection has sold 22,000 units within a day, generating over $2.17 million.

  • Buyers of 15 or more NFTs will receive a physical trading card with a piece of Trump's suit.

  • Buyers of 75 or more NFTs will be invited to a gala dinner with Trump.

The Launch of 'The America First Collection'

Donald Trump announced the launch of his fourth NFT collection on his Truth Social platform. The collection, named 'The America First Collection,' consists of 50 unique digital cards, each featuring different images of Trump, including one where he is holding a Bitcoin icon. The NFTs are marketed as an opportunity for collectors to own a piece of American history.

Pricing and Exclusive Rewards

Each NFT in the collection is priced at $99. Buyers who purchase 15 or more NFTs will receive a physical trading card that includes a piece of the suit Trump wore during his debate with Joe Biden. Additionally, those who buy 75 or more NFTs will be invited to a gala dinner at Trump's country club in Jupiter, Florida. The physical cards will be signed at random by Trump.

Sales Performance and Market Impact

The collection has received positive feedback, with 22,000 units sold on the Polygon network within a single day of its launch. This has generated over $2.17 million in sales. However, only 6% of the total 360,000 NFTs have been sold so far. Depending on the sales of the entire collection, it could potentially generate over $35 million.

Trump's Growing Involvement in Crypto

Trump has emphasized his support for the cryptocurrency industry, referring to himself as the 'crypto president.' He has made it easy for buyers to purchase the NFTs using either a credit card or cryptocurrency. This move aligns with his increasing involvement in the crypto community, including allowing campaign contributions in cryptocurrencies.

Criticism and Controversy

Despite the positive sales performance, Trump's new NFT collection has not been without criticism. Some critics have mocked the former president for his unconventional fundraising efforts, labeling him as a scam artist. Others have accused him of being desperate for cash and using the NFT sales to profit off his presidency.

Future Prospects

The NFTs will not be tradable on secondary markets until January 31, 2025. Meanwhile, the American Securities and Exchange Commission (SEC) is planning to take action against NFTs, which may affect the market. Trump has threatened to fire the current SEC chairperson, Gary Gensler, if he is re-elected, indicating his strong stance on the matter.

Sources

Aug 31, 2024

3 min read

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