Now a crypto lover, Trump to release 4th NFT collection
What's the story
Former US President Donald Trump, who was once skeptical of cryptocurrencies, has announced his intention to release a fourth Non-Fungible Token (NFT) collection. In an interview with Bloomberg, the Republican presidential nominee for 2024 race, disclosed that a new collection themed around him is currently in progress. This announcement follows the successful launch of three previous collections, including 2023's "MugShot," which focused on his ongoing criminal indictments.
NFT success
Anticipation builds for NFT collection
Trump entered NFT market in 2021 amid the surge of NFT popularity. Despite his initial skepticism toward cryptocurrencies, he and his wife Melania launched collections featuring Melania's "cobalt blue eyes." Trump informed Bloomberg that each of these collections sold out within a day, with 45,000 cards sold each time. "The whole thing sold out: 45,000 cards. And I did it three times [and] I'm going to do another one because the people want me to do another one," Trump stated.
Crypto leadership
Importance of US leadership in cryptocurrency sphere
In the same Bloomberg interview, Trump underscored the importance of US leadership in cryptocurrency and cautioned against allowing other nations, specifically China, to dominate this sector. He described crypto as being in its infancy but expressed his unwillingness to be responsible for allowing another country to take over this sphere. This shift toward a pro-crypto stance has been evident in his recent election campaign as well.
Information
Campaign funding: Crypto donations boost Trump's election campaign
The Wall Street Journal recently reported that Trump's campaign raised $331 million last quarter, with $3 million coming from crypto donations. Major crypto companies and advocates such as Elon Musk, Coinbase, Gemini, and Kraken have contributed to the Trump campaign.