Trump’s shifting stance on cryptocurrencies
In a recent interview with Bloomberg Businessweek, Trump highlighted that his previous NFT initiative sold out quickly, which sparked a lot of interest in the cryptocurrency industry. This is a sharp departure from his previous stance, in which he called cryptocurrencies a "disaster waiting to happen" and a "fraud."
Trump has now acknowledged the importance of digital assets around the world and warned that if the United States does not accept cryptocurrencies, countries like China could end up controlling the market.
Trump launches fourth NFT token series
After mixed reception to his first three series of non-fungible tokens (NFTs), former U.S. President Donald Trump is about to launch his fourth series. In a promotional video released on August 27, Trump unveiled the new series, titled "America First Edition," and showed off digital artwork that included images of him dancing and holding Bitcoin.
What makes the "America First Edition" unique?
As many as 360,000 cards in Trump’s latest NFT collection (retailing for $99) can be minted on Ethereum extension network Polygon, making it the largest NFT release ever. The series has surpassed the previous two, which sold 44,000 and 46,000 NFTs and 100,000 cards (only half of which were sold).
Buyers of these NFTs will also receive exclusive perks, such as an invitation to a September dinner with Trump and one of his suits from his June debate with President Joe Biden. The goal of these incentives is to generate a flood of attention and sales that could outstrip previous series.
The new Trump NFTs will not be allowed to be sold again on the secondary market until January 31, 2025. NFT INT LLC, the company that holds the license to use Trump's logo and imagery, will handle the proceeds from the sales; Trump's presidential campaign will not get any money.
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