America

Donald Trump

President Donald Trump

<ul>
 <li>Trump launched his fourth NFT series, “The America First Collection,” on August 27.</li>
 <li>The collection saw over 22,000 sales in one day, generating more than $2.17 million.</li>
</ul>
Former U.S. President Donald Trump has introduced his fourth series of non-fungible tokens (NFTs) titled “Series 4: The America First Collection.” Launched on August 27, this latest venture into the digital asset space has already generated significant interest and financial returns, reflecting Trump’s<a href="https://www.crypto-news-flash.com/donald-trump-teases-defiant-ones-crypto-platform-a-stand-against-financial-elites/" target="_blank" rel="noopener noreferrer nofollow"> growing engagement</a> with the cryptocurrency community.
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 Yesterday: Trump launches NFT cards. Today: Gensler sues Open Sea, declares NFTs securities.
 — Fred Krueger (@dotkrueger) <a href="https://twitter.com/dotkrueger/status/1828795214242492703?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">August 28, 2024</a>
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Within the first 24 hours <a href="https://polygonscan.com/token/0x7c8176fc9eb40905ed971198301521903cb23754" target="_blank" rel="noopener noreferrer nofollow">of the release </a>of this collection, more than 22,000 sales were made on the Polygon network. For instance, given that each NFT is going for $99, this early engagement has helped generate more than $2.17 million. However, this marks only 6% of the total available number of NFTs, 360,000. If all tokens in this series are available in the market, the total revenue could be more than $35 million, showing this collection’s high earning capacity.&nbsp;
<h3 id="strong-trading-restrictions-impact-secondary-market-activity-for-latest-trump-nfts-strong">Trading Restrictions Impact Secondary Market Activity for Latest Trump NFTs</h3>
However, the NFTs from this series are not yet available for trading on secondary markets, even though they sold well in the first few hours. Collectors and investors will have to wait until January 31, 2025, when the cards become tradable, potentially impacting their resale value and market activity.
Similar to the other three collections, the “America First Collection” shows Trump in different positions wearing different outfits <a href="https://www.crypto-news-flash.com/trumps-crypto-initiative-now-world-liberty-financial-community-alerted-to-fake-tokens-and-scams/" target="_blank" rel="noopener noreferrer nofollow">while strengthening his position</a> in the NFT space. These pieces are in line with the earlier series whereby the images depicted can be of interest to the collectors and enthusiasts.&nbsp;
Trump’s foray into the NFT market was in December 2022, with his first drop. While the first series rose in the floor prices, the subsequent collections experienced losses, showing that the NFT market is rather unstable. This average performance has not stopped Trump from coming up with new releases, as the fourth series is still showing success to date.
<h3 id="strong-trump-embraces-cryptocurrency-and-shifts-away-from-earlier-digital-asset-skepticism-strong">Trump Embraces Cryptocurrency and Shifts Away from Earlier Digital Asset Skepticism</h3>
Trump’s recent interest in the NFT<a href="https://www.crypto-news-flash.com/elon-musk-tapped-for-key-cabinet-role-by-donald-trump-in-potential-presidency/" target="_blank" rel="noopener noreferrer nofollow"> and other cryptocurrencies </a>shows a clear change in his stance toward digital assets that he once frowned upon. Aside from releasing several NFT collections, Trump has also embraced cryptocurrency as a tool in his political endeavors. He has recently started accepting campaign donations in cryptocurrencies, which shows the further embrace of digital assets by his brand.&nbsp;
According to recent financial disclosures, chas made over $7 million from his NFT sales to date. This tremendous income proves that he has been profitable in his investments in the digital asset market.&nbsp;
The release of Trump’s collection comes at a time when the legal framework surrounding NFTs is rapidly changing. OpenSea, the platform that hosts Trump’s new collection, <a href="https://twitter.com/VentureCoinist/status/1828803242152833049" target="_blank" rel="noopener noreferrer nofollow">received </a>a Wells Notice from the U. S. Securities and Exchange Commission (SEC) in the past few weeks. This notice suggests that the SEC has coordinated the enforcement action against OpenSea due to the possibility that some NFTs listed on the platform are securities.&nbsp; Trump has previously criticized the current leadership of the SEC and has promised to fire Chair Gary Gensler if he gets elected president.
<blockquote class="twitter-tweet" data-width="550" data-dnt="true">
 The SEC targeting Opensea 24hrs after Trump launches new NFT collection is not a coincidence.
 Remember when Biden-Harris admin sent $243M worth of <a href="https://twitter.com/search?q=%24BTC&amp;src=ctag&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">$BTC</a> to Coinbase immediately after Trump's proposal of a Strategic Bitcoin Reserve?<a href="https://twitter.com/GaryGensler?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">@GaryGensler</a> is not here to protect investors. <a href="https://t.co/yyGDVlaiTW" rel="noopener noreferrer nofollow">https://t.co/yyGDVlaiTW</a>
 — Luke Martin (@VentureCoinist) <a href="https://twitter.com/VentureCoinist/status/1828803242152833049?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">August 28, 2024</a>
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Trump’s Fourth NFT Collection Hits $2 Million in Sales; Trade Restricted Until 2025

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