- August 28, 2024
- Posted by: admin
- Category: BitCoin, Blockchain, Cryptocurrency, Investments
Former President Donald Trump has once again made waves in the digital asset space with the release of his latest series of non-fungible tokens (NFTs) dubbed “The America First Collection.” This marks his fourth foray into the market. This time, however, there’s a unique twist: the NFTs can lead to real-world rewards.
From Bitcoin To Boxer
The newly unveiled NFT collection includes 50 signature “portraits that celebrate” Trump’s career, capturing key presidential moments with animated art.
According to Bloomberg, the new collection features digital interpretations of Trump in atypical scenarios – such as wielding a Bitcoin, wearing boxing gloves, performing bill signings, and even wearing a Bitcoin-infused rendition that resembles Marvel’s Captain America – with the goal of captivating collectors and enthusiasts.
Each NFT in this collection starts at $99, but the appeal goes beyond individual purchases. Purchasing five NFTs earns buyers a complimentary pair of Trump’s signature “Never Surrender” sneakers, which were first unveiled at the “Sneaker Con” event in February. Opting for a set of nine NFTs earns buyers two pairs of these kicks.
For those who invest in 15 NFTs, a physical souvenir awaits in the form of a card embedded with a fragment of the suit Trump wore during a presidential debate in June – a suit reportedly instrumental in prompting President Joe Biden to drop out of the race, and affectionately dubbed the “knockout” suit by Trump himself.
What’s more, the stakes are even higher for buyers of 75 NFTs, who will receive an invitation to dine with Trump at his esteemed club in Jupiter, Florida. Trump said in a video unveiling the new collection:
You know they call me the crypto president. I don’t know if that is true or not, but a lot of people are saying that. So don’t miss out.
Trump’s NFT Success Story
American businessman, Bill Zanker, collaborating with the former president on the NFT releases, attests to the rapid success of previous collections, emphasizing their “swift sell-out rates.”
Trump’s alignment with the crypto industry also gained momentum post a dinner engagement with prior NFT buyers in May, culminating in a notable integration of crypto within the Republican party’s platform.
Notably, Trump has pledged support for Bitcoin mining initiatives in the US, while opposing the development of a central bank digital currency (CBDC) domestically.
The former president has even floated the idea of creating a Bitcoin reserve for the country, which he believes could help pay off the $35 trillion national debt.
This latest NFT offering from Trump comes against a backdrop of sluggish NFT sales across the industry, despite a spike earlier this year that coincided with Bitcoin’s record highs of $73,700.
Trump’s inaugural NFT collection appeared shortly after the FTX crypto exchange collapsed, but managed to defy the odds and sell out, as Zanker recounted in a previous interview.
At the time of writing, BTC is currently trading at $62,000, consolidating between this level and the $61,700 mark over the past few hours after dropping from the $65,000 zone reached on Sunday.
Featured image from DALL-E, chart from TradingView.com
