SNEAK PEEK
Trump’s new NFT collection sold 22K units, generating over $2.17M in just one day.
Purchasers of 75 NFTs are invited to a gala dinner at Trump Country Club in Florida.
The SEC may scrutinize NFTs amid Trump’s increasing involvement in the crypto community.
Former U.S. President Donald Trump has launched his fourth series of non-fungible token (NFT) digital trading cards, titled “The America First Collection.” This new collection features 50 unique digital cards, including an image of Trump holding Bitcoin, adding a cryptocurrency twist to the mix. The release was made public on August 27 through Trump’s social media platform, Truth Social.
The collection is being promoted as a chance for collectors to own what is being described as a piece of American history. Each card is priced at $99, and those who purchase 15 or more digital cards will also receive a physical trading card.
These physical cards are said to contain a part of the suit Trump wore during his debate with Joe Biden in the presidential elections. Notably, five of these tangible cards will be randomly signed by Trump himself. Furthermore, buyers who purchase 75 cards will be invited to a gala dinner at Trump Country Club in Jupiter, Florida.
Trump stressed that such procedures are clearly simple because to become an owner of these NFTs, it is enough to have an email address and a payment method, ranging from credit cards and to cryptocurrencies. This simple mode of transaction has ensured that the collection sells very fast, and Trump has recently autoproclaimed himself as the “crypto president”, as he actively courts the crypto people.
The new collection saw impressive sales on its first day, with over 22,000 units sold on the Polygon network, generating more than $2.17 million. However, out of the total 360,000 NFTs available, only 6% have been sold so far. Should the entire collection sell out, it could potentially bring in over $35 million. It’s important to note that the NFTs will not be tradable on secondary markets until January 31, 2025.In parallel with this release, the American Securities and Exchange Commission (SEC) is reportedly planning to take action against NFTs, which could impact the market. This comes amid Trump’s recent statement that he would fire current SEC chairperson Gary Gensler if re-elected, indicating a potential shift in his stance as he becomes more involved in the crypto community.
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