Trump Launches New NFT Collection: A Sign of Digital Collectibles’ Rising Popularity Among Prominent Figures

August 29, 2024
A representational image of a jovial Trump
A representational image of a jovial Trump

Former President Donald Trump has announced his newest digital trading card series which features 47,000 tokens, selling for $99 each.

In the announcement made on social platform Truth Social, Trump unveiled the America First Collection, which immediately made headlines after generating more than $2 million in revenue on its first day.

The launch was facilitated by Trump Media & Technology Group (TMTG), which also oversees the Truth Social platform. The digital trading cards present Trump in various themed settings, from historical scenes to patriotic imagery.  

Crypto analysts like TylerD (@Tyler_Did_It) shared that Trump made around $1.7 million so far on his latest NFT sale. “Notably, this is only 4.7% of the total possible supply of 360,000 NFTs. There has been no secondary action as cards aren’t tradeable until Jan 31, 2025,” he said

Other crypto enthusiasts like John Savage (@johnsavage_eth) asked on X if people were going to purchase these cards.

Trump foraying into the NFT space reflects a growing trend among celebrities, politicians, and public figures leveraging blockchain technology. The substantial outcome of his new NFT collection highlights the broader trend of high-profile figures embracing digital assets to connect with their audiences. 

In the past, artists like Beeple sold their digital work for $93 million. Other artists like Snoop Dogg, Grimes, Eminem, Lindsay Lohan, Paris Hilton, and Rihanna have leveraged NFTs big time to promote and monetize their personal brands. Even popular former professional basketball player Shaquille O’Neal and Twitter co-founder Jack Dorsey have joined in on the trend.

The Trump Digital Trading Cards boast several perks. For instance, NFT traders who purchased 47 tokens are eligible to have dinner with the presidential candidate at his Mar-a-Lago estate in Florida. Those who bought 100 tokens would have an opportunity to have dinner with him and get their hands on a unique one-of-a-kind collectible.

Recently, he announced the launch of his family cryptocurrency platform “The Defiant Ones,” revealing his cynical views about banks and traditional financial systems. 

The former president also launched his official Telegram channel called “Official Trump DeFi” channel. Earlier this month, Donald Trump Jr., Trump’s eldest son, revealed on X that he and his team are about to “shake up the crypto world with something HUGE,” pointing towards decentralized finance as the future. 

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Gairika holds positions in BTC. This article is provided for informational purposes only and should not be construed as financial advice. The Shib Magazine and The Shib Daily are the official media and publications of the Shiba Inu cryptocurrency project. Readers are encouraged to conduct their own research and consult with a qualified financial adviser before making any investment decisions.

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