Key Points:
- Trump introduces the “America First Edition” NFT collection.
- Buyers get perks like a gala dinner and a piece of Trump’s debate suit.
- Each NFT is priced at $99, with up to 360,000 available.
Trump’s Fourth NFT Collection: What’s New in the “America First Edition”?
Former U.S. President Donald Trump has launched his fourth NFT collection, named the “America First Edition.” This new series follows the mixed success of his earlier NFT collections. On August 27, Trump shared a promotional video revealing the artwork for this collection, which shows him in different scenes, such as dancing and holding Bitcoins.
Each NFT in this collection is priced at $99 and is created on the Ethereum-based Polygon network. Up to 360,000 cards could be produced, making it Trump’s largest NFT collection so far. Previous collections ranged from 44,000 to 100,000 cards. People who buy these NFTs in bulk will get special perks, including an invite to a September gala dinner with Trump and a piece of the suit he wore during his June debate with President Joe Biden.
How Trump’s NFTs Are Performing in the Market
Even though Trump was once critical of cryptocurrency, calling it a “fraud,” he now sees its importance. In a recent interview, Trump talked about the success of his earlier NFT collections, saying they sold out quickly and 80% of sales were made in cryptocurrency. He also warned that if the U.S. doesn’t accept cryptocurrency, countries like China could take over the industry.
This new NFT collection comes at a time when Trump’s earlier NFTs are seeing a rise in value. For example, the price of his first NFT collection has doubled from $225 to $452 on secondary markets, though it’s still below its highest price of $769. Trading activity on platforms like OpenSea has increased, especially for Trump’s second collection, which saw a 632% rise in trading.
However, Trump’s third NFT collection, the “Mugshot Edition,” released in December 2023, didn’t sell out and saw very little trading activity between March and May of this year. Despite this, Trump is moving forward with his NFT projects, using his brand to attract supporters and cryptocurrency enthusiasts.
Cryptocurrency’s Role in Trump’s Campaign
Trump’s involvement in the NFT space fits with his campaign’s growing use of cryptocurrency donations. According to the Federal Election Commission (FEC), about $3 million of the $331 million raised by Trump’s campaign in the last quarter came from cryptocurrency. This shows how digital money is becoming more important in political fundraising.
The money from the sale of Trump’s latest NFT collection will be handled by NFT INT LLC, the company licensed to use Trump’s image and branding. However, this money will not be used for Trump’s presidential campaign. Also, the new NFTs can’t be resold on secondary markets until January 31, 2025, adding a layer of exclusivity.
Trump’s ongoing efforts in the NFT world show how politics and cryptocurrency are coming together. Whether the “America First Edition” will be more successful than his earlier collections is yet to be seen, but it definitely adds to his NFT journey.
