Donald Trump's 4th NFT Collection

On 27 August 2024, one of the United States presidential candidates Donald Trump released “America First”, his 4th NFT trading card collection that offers customers the opportunity to attend a gala dinner at his country club in Jupiter, Florida.

Just one day after the launch, this special collection has brought in around $2.2 million in sales, with over 1,200 holders and 22,300 mints. But the real question is Trump’s motive regarding this involvement with digital collectibles, considering he was once a crypto skeptic.

Overview of Trump’s 4th NFT Collection

Trump’s 4th drop of NFT trading cards is his latest attempt at digital collectibles. Below are the key insights about this event that everyone should wrap their minds around:

• Collection name: America First
• Quantity: 360,000 NFTs, featuring 50 unique cards.
• Price: $99 per NFT.
• Minting platform: Polygon network.
• Extra perks:
  • A physical card autographed by Donald Trump for those buying 15+ NFTs ($1,485)
  • A gala dinner with Donald Trump at his private club in Jupiter, Florida, for those buying 75+ NFTs ($7,425)
• Special note: Cannot be traded on secondary markets until January 31st, 2025.

As of 28 August 2024, one day after the release, it is estimated that 6% of his NFT supply has been sold, accounting for approximately $2 million in revenue. However, on that same day, OpenSea CEO Devin Finzer shared that the firm has received a Wells notice from the SEC, alleging that NFTs on the platform may qualify as unregistered securities.

Because of the date and the fact that the majority of Trump NFTs are accessible on the platform, crypto experts think the SEC's action against OpenSea had something to do with its release.

That wraps up all key details about Donald Trump’s latest NFT collection. 

Trump’s Past NFT Collections

Trump’s past NFT collections include:

Why does this Release Matter?

Everyone knows Donald Trump was once skeptical of the crypto sector. That is why his latest move into the NFT industry is a significant reversal from his previous perspectives on digital currencies. Together with his acceptance of campaign contributions in Bitcoin, it showcases Trump’s complete embrace over this asset class.

Trump’s 4th NFT collection also highlights his strong support for the development of the crypto market in the U.S. It came amid lackluster NFT sales, despite a rise earlier this year. Also, it aligns with his pledge to aid Bitcoin mining projects in the country, as well as his plan to establish a Bitcoin reserve to help pay off the $35 trillion national debt.

Trump’s Motive Behind this NFT Launch

Only Trump and his presidential campaign team know the real driving force behind his 4th NFT drop. However, there are a few motives that can explain Trump’s move this time:

• Raising more funds for his presidential campaign: With the total supply of 360,000 trading cards, a unit price of $99 would help Trump generate over $35 million in sales that he can then use for his campaign.
• Gaining attention ahead of the debate: The much-anticipated debate between Donald Trump and Kamala Harris is right around the corner. By releasing the NFT collection at the moment, Trump can temporarily earn the spotlight ahead of the big day!
• Calling for support from the crypto community: Why NFT collection and not other initiatives? That could be Trump communicating directly to the thriving crypto community out there, calling for their support for his presidential race.

Related content: What is PolitiFi?

Will there be Future NFT Collection Releases from Trump?

It is difficult to have a definitive answer to this question, as there are numerous factors involved here. One of them is the presidential election result this November, which might unpack as one of the two possible scenarios below:

• If Trump manages to win the second term, it is unlikely that there will be a 5th NFT collection (at least not during his 4 years as the 47th U.S. president). This is because the above suspected motives of Trump’s 4th NFT collection are all preparations for the race to the White House.
• If Trump loses in November, it is possible that he will work on future NFT collections to further reinforce his stance in supporting crypto currencies. They can also serve as his long-term plan for other presidential races in the future.

For investors, these NFT collections are wonderful opportunities to earn profits. If you recall Trump’s debut NFT collection launch, it happened just a few weeks after the FTX crypto exchange crashed.

Despite the negative market sentiment towards crypto at the time, the release still sold out quickly, indicating its appeal. Although the financial results for purchasers of his past collections have differed, the first set shows an amazing 100% rise in floor price.

What Should You Do to Reap the Benefits?

As a crypto investor, what should you keep an eye on these days in order to maximize the benefits gained from this event? Well, here are three actionable tips for you:

• Prioritizing research: Before and after the release, thoroughly examine the project, team, and market circumstances. Identify the possible values and dangers.
• Participating strategically: Obtain early access via pre-sales or whitelists. If you're participating in a public mint, plan for heavy demand and keep your gas costs under control.
• Conducting post-mint actions: Actively participate in the community. Create a clear trading or holding strategy that is in line with your aims, and keep your NFT portfolio varied.

Remember that the key to success in the NFT market is making educated decisions and managing risks strategically. Take the first step in securing and managing your digital assets effortlessly with Bitget Wallet, an option that can help you safeguard the potential of your NFT purchases, including ones from Trump’s 4th NFT collection.

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