Nfts

Donald Trump Plans to Launch Fourth NFT Collection: ‘I’m Going to Do Another One Because People Want Me to Do Another One’

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9 months ago

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Former president and Republican candidate in 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 According to Bloomberg Businessweek, its previous NFT collections have been a success, with 45,000 cards sold each time. The decision to release another collection is driven by the 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 is that everything was paid for in cryptocurrency, in this new currency. And that was an eye-opener.”

Trump released 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 at a price of $99 each. Trump received royalties from the initial sale as well as a small portion of secondary market trading volumes.

See also: Why BlackRock’s Larry Fink Thinks ‘Everyone’ Should Reconsider Bitcoin

Despite his initial skepticism about cryptocurrencies, Trump has now embraced the sector, saying that “if we don’t do it, China is going to take it and China is going to have it.”

Why is this important?:Trump’s growing affinity with the asset class was evident when he pledged to keep cryptocurrency businesses in the United States at an NFT event at his Mar-a-Lago residence in May.

The potential for a pro-cryptocurrency presidential ticket with Trump and his running mate, Senator JD Vance (R-Ohio), stirred the market. Todd Gordonfounder of Interior edge capitaleven predicts Bitcoin could surpass $100,000 this year.

Price action: At the time of writing, the floor price of the first batch of Trump NFTs was $381.27, up 0.91% in the past 24 hours, according to at Magic Eden. Inspired by Trump Maga Coin TRUMP/USD is trading at $7.85, down 5.52% over the past 24 hours, according to Benzinga Pro data.

Image via Shutterstock

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