NFTs
Donald Trump Plans to Launch Fourth NFT Collection: ‘I’m Going to Make Another One Because People Want Me to Make Another One’
Former President and Republican candidate for this year’s presidential election, Donald Trump, is preparing to launch its fourth collection of non-fungible tokens.
What happened: Trump revealed in a interview with Bloomberg Businessweek that its previous NFT collections have been a success, selling 45,000 cards each time. The decision to release another collection is motivated by their high demand.
“I’m going to do another one, because people want me to do another one,” the presidential candidate said. “But what I really noticed was that everything was paid for in — I would say almost everything was paid for in crypto, in this new currency. And that was an eye-opener for me.”
Trump has launched his first NFT collection, Trump Digital Trading Cards, in late 2022. The project used Trump’s name, image, and likeness to distribute 45,000 NFTs priced at $99 each. Trump earned royalties on the initial sale, as well as a small portion of the secondary market trading volumes.
See too: Why BlackRock’s Larry Fink Believes “Everyone” Should Take Another Look at Bitcoin
Despite initial skepticism about cryptocurrencies, Trump has now embraced the industry. He stated that, “if we don’t do it, China will get it and China will have it.”
Why does this matter?:Trump’s growing affinity for the asset class was evident when he promised to keep cryptocurrency companies in the US during an NFT event at his Mar-a-Lago residence in May.
The potential of a pro-crypto presidential ticket featuring Trump and his running mate, Senator JD Vance (R-Ohio), shook up the market. Todd Gordonfounder of Internal cutting-edge capitaluntil predicted that Bitcoin could surpass the $100,000 mark this year.
Price Action: At the time of writing, the minimum price for the first series of Trump NFTs was $381.27, up 0.91% in the last 24 hours. according to for Magic Eden. Inspired by Trump Magic Coin The TRUMP/USD pair is trading at $7.85, down 5.52% in the last 24 hours, according to Benzinga Pro Data.
Image via Shutterstock
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