As a seasoned cryptocurrency investor with a keen eye for trends and a penchant for unique investment opportunities, I must admit that I was taken aback by Donald Trump’s latest foray into the NFT market. Having followed his political career closely, I never expected to see him as a proponent of blockchain technology, let alone an NFT enthusiast. However, here we are, and I must say, I find myself intrigued.
Amid the upcoming Presidential election hype, Donald Trump has become the pro-crypto stan. Many suspect it to be a political event, but some call it a change of heart amid the industry’s growing popularity. However, despite the controversy on crypto, Donald’s favor in NFTs is clear as the president has launched four successful NFT card collections, with the most recent Trump NFT Series 4 going live just recently.
Just as with their earlier release, NFT International LLC has introduced a new series priced at $99 per item.
Trump NFT Series 4 Hits Market With $2.17 Million Sale
Following the thriving performance of the initial three series, Trump’s NFT series 4, titled “America First Collection,” was launched on August 27 and immediately garnered significant attention. Within mere days, the collection recorded approximately 22,000 transactions on the Polygon network, generating over $2.17 million in sales, according to Onchain data. Yet, this is merely a fraction of what’s expected, as experts estimate that current sales account for just 6% of the total potential, given that there are around 360,000 NFTs available in the collection.
After examining the excitement surrounding the product and past sales figures, it’s reasonable to expect that earnings could exceed $35 million. Notably, there are currently 1,196 owners of the series and 22,195 transactions recorded. This means Trump has earned over $7 million from his NFT collections so far. Recently, Trump’s cryptocurrency wealth was disclosed, highlighting his substantial Ethereum holdings and profits from non-fungible token (NFT) sales.
Interesting Facts About This Trump NFT Collection
The unique aspects of this Trump NFT set left investors amazed. While each series within the Trump NFT line depicted him differently, this one had a distinct atmosphere. Additionally, there are numerous intriguing details about the collection worth noting, such as his showcase of his transition into cryptocurrency by frequently appearing with Bitcoin (BTC) in various images.
Purchasing fifteen or more trading cards entitles you to receive a physical card delivered. This special card will contain a fragment of the suit worn by Donald Trump during his debate with Joe Biden, as well as a signature from him on five randomly selected cards. Moreover, those who buy seventy-five or more cards will be invited to attend an exclusive gala dinner at Trump’s country club in Jupiter, Florida.
One significant limitation has left some fans disheartened: These NFTs cannot be resold on secondary platforms until January 31, 2025, which means trading is temporarily halted for several months. While this could seem unfair to many, the demand may grow over time since only a select few will have access to them initially as they become more scarce.
Final Thoughts
Trump’s Series 4 NFT collection has experienced a flourishing debut, with an impressive $2.17 million in sales within only two days. Experts predict that the total value of these NFTs could reach approximately $35 million based on the current count of 360,000 pieces. However, it’s important to note that trading for these collectible cards is currently paused until December 31, 2025, during which time updates will be made and demand for these items will be cultivated.
The fact that the former president is known to own Bitcoins through various wallets becomes more evident, which aligns with his previous endorsement of cryptocurrency as an alternative to traditional banks. This move further bolsters his reputation among crypto enthusiasts.
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2024-08-29 14:48