Former US President Donald Trump continues to deepen his crypto engagement with a recent development and interest in non-fungible tokens (NFTs). On August 27, Trump released his fourth NFT collection tagged “Series 4: The American First Collection.”
In less than two days after going live on the Polygon network, the NFT collection has attracted significant attention, recording over 22,000 sales valued ar $2 million. The sales represent about 6% of the collection’s cumulative supply of 360,000 NFTs.
Trump Launches His Fourth NFTs On The Polygon Network
On August 27, Trump launched a new NFT trading card, tagged “Series 4: The America First Collection,” issued by NFT International LLC. On-chain data from Polygonscan shows the NFT collection garnered massive attention in less than two days, recording over $2.17 million via more than 22,000 sales at a mint price of $99 per token.
The NFT collection went live on the Polygon network, with a potential total supply of 360,000 NFTs. So, the current sales accounts for about 6% of the total supply of the collection. The collection will generate over $35 million in revenue if all the tokens are minted.
This latest collection has yet to be sold on the secondary market. This pattern differs from the first three collections, which sold out quickly after their launch.
However, the NFTs will become tradeable from January 31, 2025. This restriction could impact the collection’s cumulative market trend and performance.
Like the first three NFT series, Trump’s fourth NFT collection features him, even with younger versions. The NFTs indicate different poses and costumes, with some showing him in superhero attire.
Additionally, Trump offered some incentives to attract more investors to the NFT. These include a physical card buying up to 15 NFTs and autographed cards. Also, those who purchase up to 75 NFTs will stand a chance to meet and dine with him in Jupiter, Florida.
Trump’s Overturn in Crypto And Earliest NFT Collection
In the past, Trump maintained an anti-crypto stance. However, the former US president made a turnaround in his stance and has become a strong proponent of cryptocurrency and NFTs.
Following his shift, Trump reflected increased enthusiasm for the crypto industry. As one of the current US presidential candidates, Trump even accepts campaign donations in crypto assets.
Moreover, he has had significant interactions with leading crypto executives and personalities. He participated and delivered a speech at the 2024 Bitcoin Conference in Nashville.
During his interaction, Trump promised to displace Securities and Exchange Commission (SEC) Chair Gary Gensler for his anti-crypto disposition. He also pledged to establish the US as a leading crypto hub.
In December 2022, Trump launched his first NFT collection. The first series has recorded significant traction, with over 100% rise in its floor price. However, the second and third NFT collections have recorded a decrease in floor prices.
Disclaimer: The opinions expressed in this article do not constitute financial advice. We encourage readers to conduct their own research and determine their own risk tolerance before making any financial decisions. Cryptocurrency is a highly volatile, high-risk asset class.
