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Trump Releases Yet Another NFT Collection—This One Shows Him ‘Holding Some Bitcoins’ and Dancing Trump Releases Yet Another NFT Collection—This One Shows Him ‘Holding Some Bitcoins’ and Dancing

Trump Releases Yet Another NFT Collection—This One Shows Him ‘Holding Some Bitcoins’ and Dancing

Donald Trump’s recent evolution into the “crypto president” in this year’s election is being marked with a fourth series of NFT trading cards, the Republican candidate announced Tuesday. It includes artwork depicting Trump “dancing and even holding some Bitcoins,” he said in a promotional video shared to social media.

The “America First Edition” set of Trump Digital Trading cards includes NFTs again minted on Ethereum scaling network Polygon and selling for $99 apiece. And this time around, there could be as many as 360,000 such cards minted by the time all is said and done, according to the official website.

That’s the largest Trump NFT set by far. The previous collection, released last December, could have spanned as many as 100,000 cards—though ultimately, just over 50,000 of them actually sold. The two previous sets, spanning 44,000 and 46,000 NFTs respectively, sold out.

As before, the sale has been bundled with a handful of special perks for those who buy in bulk. Customers who purchase significant sums of the NFTs in a single transaction can earn access to a Trump gala dinner in September, as well as an authenticated piece of the suit that Trump wore in his infamous debate with President Joe Biden in June.

Trump’s original NFT card collection, launched in late 2022, was roundly mocked by mainstream commenters, but sold out within a day and saw surging secondary market demand. But the launch of the second collection in 2023 torpedoed prices for the original cards, and as noted, only about half of the third set ultimately sold through to collectors.

According to the project website, the latest batch of Trump NFTs cannot be resold on secondary marketplaces until January 31, 2025. Furthermore, the website clarifies that funds from the sale will not go to Trump’s presidential campaign. The company behind the project is NFT INT LLC, which has a license to use Trump imagery and branding.

Over the past few months, Trump has come out as an outspoken advocate for Bitcoin and other assets, making crypto a potential wedge issue in the coming election. He spoke at July’s Bitcoin 2024 conference in Nashville, and has said that he will protect the rights of American miners and plans to establish a national strategic Bitcoin stockpile if elected.

Trump’s Democratic rival in the race, Kamala Harris, has yet to publicly state her position on Bitcoin and other cryptocurrencies. However, billionaire entrepreneur Mark Cuban said that the Harris campaign reached out to him with “multiple questions” about crypto, and other industry figures have shown optimism that she will be more open-minded on crypto than Biden.

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Andrew Hayward

https://decrypt.co/246618/trump-nft-collection-holding-bitcoin-dancing

2024-08-27 16:43:23

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