United

America

United States presidential candidate Donald Trump’s latest non-fungible token collection generated over $2.2 million in sales only a few days after its release.&nbsp;
On Aug. 27, Trump <a data-ct-non-breakable="null" href="https://x.com/CollectTrump/status/1828445992066109950" rel="null" target="null" text="null">launched</a> a new NFT trading card collection called America First, offering buyers a chance to have a gala dinner with the former US president. 
As of Aug. 29, Polygonscan data <a data-ct-non-breakable="null" href="https://polygonscan.com/token/0x7c8176fc9eb40905ed971198301521903cb23754" rel="null" target="null" text="null">shows</a> the collection had 22,360 mints and 1,210 holders. At $99 per mint, the new NFT collection is estimated to have earned about $2.2 million just days after the launch.&nbsp;
On July 17, Trump <a data-ct-non-breakable="null" href="https://cointelegraph.com/news/donald-trump-hints-nft-collection-interview" rel="" target="_self" text="null">hinted at launching a fourth NFT collection</a>, emphasizing the importance of the United States leading in the crypto industry. The presidential candidate argued that if he were to ignore crypto, China would likely dominate the sector.
With a total supply of 360,000, the collection could earn up to $35 million if it sells out.
<h2 id="community-criticizes-trump-s-collection">Community criticizes Trump’s collection</h2>
As Trump continues to earn millions in NFTs, community members criticized the former president’s foray into digital collectibles.
A community member <a data-ct-non-breakable="null" href="https://x.com/MantaRayCapital/status/1828480532767768724" rel="null" target="null" text="null">said</a> that the new collection makes Trump’s crypto push feel “more and more” like a “grift.” Another X user also <a data-ct-non-breakable="null" href="https://x.com/Nullen80/status/1828489955888582992" rel="null" target="null" text="null">called</a> the endeavor a “grift” but said it was a better deal than last time, as buyers can get shoes after buying a certain amount of NFTs.&nbsp;
Meanwhile, some community members speculate that the release of Trump’s fourth NFT collection is why the United States Securities and Exchange Commission (SEC) <a data-ct-non-breakable="null" href="https://cointelegraph.com/news/opensea-wells-notice-sec-nfts" rel="null" target="null" text="null">sent a Wells notice</a> to the NFT marketplace OpenSea.&nbsp;
On Aug. 28, OpenSea CEO Devin Finzer reported that the company received a Wells notice from the SEC, alleging that NFTs on the platform may qualify as unregistered securities.&nbsp;<iframe width="100%" height="315" src="https://www.youtube.com/embed/qihdsUa_zdY" frameborder="0" allow="accelerometer; autoplay; encrypted-media; gyroscope; picture-in-picture" allowfullscreen></iframe>
Related: <a data-ct-non-breakable="null" href="https://cointelegraph.com/news/nft-securities-sec-wells-notice-opensea-lawyer-response" rel="null" target="null" text="null">NFTs can be securities but SEC Wells notice to OpenSea ‘not productive’ — Lawyer</a>
Because of the timing and the fact that most Trump NFTs are available on the platform, crypto figures believe that the SEC’s move against OpenSea, which occurred a day after the collection launched, has something to do with its release.&nbsp;
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 <img alt="Trump's 4th NFT collection sees $2.2M in sales" name="" src="https://s3.cointelegraph.com/uploads/2024-08/01919e2e-e56a-792d-a159-e39dd8b0392e">
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 Source: <a data-ct-non-breakable="null" href="https://x.com/udiWertheimer/status/1828793508653920383" rel="null" target="null" text="null">Udi Wertheimer</a>
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Bitcoin Ordinals collector Udi Wertheimer also highlighted the timing of the events. The pseudonymous NFT collector known as “Franklin” said that Trump <a data-ct-non-breakable="null" href="https://x.com/franklinisbored/status/1828793797456834834" rel="null" target="null" text="null">killed</a> NFTs since OpenSea received the notice after the collection’s release.&nbsp;
 Magazine: <a data-ct-non-breakable="null" href="https://cointelegraph.com/magazine/nft-collector-suzanne-pudgy-penguins-cryptopunks-fidenzas/" rel="null" target="null" text="null">‘Treat your first NFT purchase like a first date’ — NFT Collector Suzanne</a>

Trump's 4th NFT collection sees $2.2M in sales

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