As a seasoned crypto investor with a knack for spotting trends and staying ahead of the curve, I must admit that I find Donald Trump’s latest foray into NFT trading cards intriguing, to say the least.
Donald Trump recently unveiled a fresh collection of NFT trading cards, as part of his ongoing effort to garner support from the cryptocurrency community ahead of the November elections.
The Republican candidate for U.S. President showcased a Non-Fungible Token (NFT) on his Truth Social platform, and shared a promotional video in which he referred to himself as “the ‘crypto’ president.”
NFT Trading Cards Series 4
The “Series 4: America First Collection” digital cards showcase 50 artistic depictions of a past president, accompanied by phrases like “Greatest of All Time” and “America Strong.”
It’s said that backers of the wealthy politician can purchase these NFTs for $99 apiece. If someone collects 15 or more cards, which amounts to $1,485 in total, they will be given a tangible version, featuring a piece of the suit he wore during his presidential debate with Joe Biden in June.
The 78-year-old’s message indicates that as many as 25 people who invest solely in cryptocurrency to the tune of $24,750 will receive invitations for a gala taking place next month in Florida, and they will also have the chance to mingle with the former president over cocktails.
A Change of Heart
In 2021, Trump labeled Bitcoin as a “fraud.” Yet, his views have significantly changed since then. By June 2024, during a campaign rally in Racine, Wisconsin, he predicted that the destiny of digital currencies will be forged within the United States.
Even though he initially expressed doubts about the asset category, this experienced investor joined the NFT trend in December 2022. He quickly sold all 44,000 tokens from his first batch just two days after they were released, according to data from OpenSea.
At a Bitcoin (BTC) conference in Nashville, 2024, with approximately 20,000 attendees, the Republican candidate reiterated his support for cryptocurrencies. He pledged to preserve America’s Bitcoin assets and transform them into a national strategic reserve.
Additionally, David Bailey, who serves as both CEO of Bitcoin Magazine and conference organizer, disclosed that approximately $25 million was donated to Donald Trump’s election campaign by the cryptocurrency community by the close of July.
After Trump’s endorsement of a “official” digital currency initiative on Truth Social, the release of the new NFT cards ensued. This project is associated with a Telegram group managed by his sons, Eric and Donald Trump Jr., named “The Defiant Ones.” The group operates within the realm of decentralized finance (DeFi).
The most recent updates indicate that the organization has changed its name to “World Liberty Financial” and has amassed approximately 50,000 members. Unfortunately, information about the group’s upcoming plans is scant, as specifics have yet to be disclosed.
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2024-08-29 01:26