NFTs
Donald Trump plans to launch fourth NFT collection
Donald Trumpthe likely Republican presidential nominee, announced plans for a fourth non-fungible token (NFT) collection, citing the success of their previous releases.
On a recent Bloomberg interviewTrump revealed that cryptocurrencies accounted for 80% of the payments for his previous NFT collections. He expressed surprise at the popularity of crypto payments, stating:
What I really noticed was that everything was paid in — I would say almost everything was paid in crypto, in this new currency. And that was an eye-opener for me.
Trump touted the success of his NFT ventures. He highlighted the experience:
“It was amazing. So, NFTs are, you know, I did the—very successful. We had a year to sell it and it sold out in one day. The whole thing sold out: 45,000 of the cards. And I did that three times.” [and] I’m going to do another one, because people want me to do another one. It’s an unbelievable spirit.”
Donald Trump beyond NFTs
The former president also highlighted the importance of U.S. leadership in cryptocurrencies and NFTs, warning that other countries, especially Chinacould take the lead if the U.S does not act.
If we don’t do that, China will take over and it will take over — or it will take over someone else, but probably it will take over China.
Trump believes the US has a “good foundation” for cryptocurrencies and doesn’t want to see another country dominate this emerging field. He also mentioned his growing connections with “top-tier” industry professionals.
This marks a shift in Trump’s stance on cryptocurrencies, as he previously held negative views towards the asset class. His campaign recently reported receiving donations in cryptocurrenciesfurther highlighting their evolving stance on digital assets. Recent news also indicates that crypto moguls will be participating in your next super PAC.