Former President Donald Trump has announced plans to release a fourth collection of non-fungible tokens (NFTs), citing high demand and previous successes. The presumptive GOP nominee shared this news in an interview with Bloomberg on Tuesday, emphasizing the role of cryptocurrency in the sales of his earlier collections.
Trump’s NFT Success and Crypto Contributions
Them highlighted the significant contribution of cryptocurrency to the success of his past NFT sales. He revealed that 80% of the payments for his NFTs were made in crypto, which he found eye-opening.
“It was incredible. So, NFTs are, you know, I did the – very successful. We had one year to sell it out and it sold out in one day”,Trump stated.
Upcoming NFT Launch Driven by Public Demand
Trump stressed that the decision to launch another set of NFTs was driven by public demand. He expressed confidence in the venture, saying, “I did it three times [and] I’m going to do another one, because the people want me to do another one. It’s unbelievable spirit. Beautiful.”
Trump had previously hinted at the fourth NFT launch during a dinner gala for his mugshot NFT holders at Mar-a-Lago in May. While he did not provide a specific timeline at that event, he underscored the principle of supply and demand guiding his decision.
Pro-Bitcoin Senator J.D. Vance as Running Mate
The announcement of the new NFT collection came a day after them selected pro-Bitcoin senator J.D. Vance (R-Ohio) as his running mate for the 2024 election campaign. This choice signals Trump’s increasing alignment with the cryptocurrency industry.
US Leadership in the Global Crypto and NFT Race
Trump also called for the United States to take the lead in the global cryptocurrency and NFT race, particularly to outpace China.
“If we don’t do it, China is going to pick it up and China’s going to have it—or somebody else, but most likely China”, Trump noted. “They’re pretty advanced in that sphere”.
He emphasized that the US has a solid foundation for cryptocurrencies and NFTs, and he does not want to see another country surpassing the US in this domain. Trump, who has become increasingly supportive of the crypto industry, mentioned receiving $3 million in crypto donations last quarter and getting to know key industry figures.
Trump’s evolving stance on digital assets and his active engagement in the NFT market highlight his strategic pivot towards embracing innovative financial technologies. This move aligns with his broader vision for economic leadership and technological advancement in the United States.
