Trump's NFT Collection Gets $2 Million Despite Slow Market

Known as "Series 4: The America First Collection,” Trump’s latest digital collectibles are being sold at a price of $99 apiece.

Former president Donald Trump has earned more than $2 million from his fourth collection of NFTs released this week, despite anemic non-fungible token (NFT) sales globally.

Trump’s latest digital collectibles, called "Series 4: The America First Collection,” are being sold at a price of $99 apiece. They feature Trump’s visage emblazoned on trading cards with titles like "SuperTrump," and "crypto president."

The former president has heavily promoted crypto in the weeks since he headlined the 2024 Bitcoin Conference in Nashville, Tennessee. During the conference, Trump pledged to remove Gary Gensler, the current chair of the U.S. Securities and Exchange Commission (SEC), to rapturous applause from crypto executives.

“Bitcoin stands for freedom," he proclaimed. “We will have regulations, but from now on the rules will be written by people who love your industry, not hate your industry,” he said.

During the conference, Trump also highlighted the role of crypto in his 2024 presidential campaign, saying that crypto executives had "stepped up in a very big way for our country."

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Les collectionneurs ont acheté moins de 21 000 cartes à collectionner numériques sur un pool potentiel de 360 000 la semaine dernière. Trump devrait gagner au total 35,6 millions de dollars si toutes ses cartes à collectionner sont vendues.

Bien que le nombre de NFT vendus soit maigre – ne représentant que 5 % de la collection totale de Trump – certains analystes ont publiquement déclaré que la valeur à long terme des NFT de Trump était effectivement sans valeur et encouragent les investisseurs à se débarrasser de la collection avant novembre. .

La lenteur des ventes constitue un changement radical par rapport aux performances des deux premières collections NFT de Trump, qui ont réussi à se vendre rapidement.

"Le timing est important", a écrit l'évaluateur sportif Michael Osacky. « Personne ne s’en souciera ou ne se souviendra de ces cartes en novembre. Le moment de vendre est aujourd’hui.

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