NFTs
Donald Trump says new NFT collection is coming
Former President Donald Trump, a self-declared pro-crypto candidateintends to enter the NFT arena once again. In a interview with Bloombergthe Republican presidential candidate said a fourth Trump-themed NFT collection is on the way.
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An NFT (non-fungible token) refers to a unique digital asset that can take the form of art, music, game items, videos, and other types of digital content stored on a blockchain network and traded using cryptocurrency as a medium of exchange.
In 2021, when NFTs were booming, Trump entered the NFT market for the first time. Despite being a crypto skeptic at the time, Trump and his wife, Melania Trump, released NFT collections featuring Melania’s “cobalt blue eyes.” In 2023, he has launched its latest NFT collection — “MugShot”, focusing on the subject of his current criminal charges.
Trump told Bloomberg that he sold out all of his previous collections in one day. “The whole thing sold out: 45,000 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. Beautiful.”
A cryptocurrency skeptic once denounced Bitcoin as a “blow against the US dollar,” Trump asserted the importance of U.S. leadership in cryptocurrency in the Bloomberg interview. He vaguely warned that if the U.S. misses the opportunity, then China will take the lead.
Cryptocurrency is “infancy now,” former president says told Bloomberg“But I don’t want to be responsible for allowing another country to take over that sphere,” he added.
Several Cryptocurrency Companies Are Donating to Trump’s Campaign
The Wall Street Journal reported that Trump’s campaign raised $331 million in the last quarter, of which of which US$3 million was in cryptocurrencies. Amid a shift in Trump’s stance on cryptocurrencies, major crypto companies and crypto advocates such as Elon Musk, Coinbase, Gemini, Kraken and others donated to Trump’s campaign.
PredictIt, an online betting site, increased Trump’s chances of electoral victory from 60 cents on Friday to 67 cents, while Joe Biden’s odds were at 27 cents. In addition, Trump’s chances of winning the presidential election have increased even further Polymarket, the world’s largest prediction marketafter he announced JD Vance (R-Ohio), a pro-crypto senatoras his choice for running mate.