Trump’s NFT Collection Nets $2 Million Despite Sluggish Market
Despite the continuous decline in the worldwide non-fungible token (NFT) market, former President Donald Trump has amassed almost $2 million from his fourth NFT collection, “Series 4: The America First Collection.” These digital memorabilia, which retail for $99 apiece, feature Trump’s image on trading cards with phrases like “SuperTrump” and “crypto president.”
Former President Trump’s latest NFT series
Trump has further increased his NFT sales through his aggressive advocacy of cryptocurrencies, which was exemplified by his keynote speech at the Nashville, Tennessee, 2024 Bitcoin Conference.
Leaders in the cryptocurrency business strongly backed Trump’s pledge to unseat U.S. Securities and Exchange Commission (SEC) Chair Gary Gensler during the conference.
Trump said, “Bitcoin stands for freedom,” and he promised that sector supporters, not opponents, would draft any future laws.
Even still, just 21,000 of the 360,000 digital trading cards that are available have been bought, making up a meager 5% of the entire collection. In the event that every card is sold, Trump might make $35.6 million.
However, given the sharp contrast between the slow sales and the quick sell-out of Trump’s other NFT collections, several experts are doubting the assets’ long-term worth. Michael Osacky, a sports appraiser, cautioned investors against holding NFTs past November and suggested selling them.
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