Sokipiriye Dokubo
Former President Donald Trump has revealed plans for a new collection of NFTs (non-fungible tokens) after the positive reception of his previous releases. This announcement was made in an interview published in Bloomberg Businessweek.
Previous Success
Trump expressed satisfaction with the quick sell-out of his earlier NFT collections, with 45,000 cards sold each time. He emphasized the demand for more releases, citing the enthusiastic response from his supporters.
During a gala at Mar-a-Lago, Trump hinted at the possibility of a fourth collection while acknowledging the potential for market fluctuations in response to supply and demand dynamics.
Embracing Crypto
With increasing support from the crypto industry for his reelection campaign, Trump has shown a growing acceptance of NFTs and cryptocurrency. His campaign now accepts crypto donations, with a significant portion of funds raised in the last quarter coming from cryptocurrency sources.
Additionally, Trump’s selection of pro-Bitcoin Senator J.D. Vance as his running mate underscores his alignment with the crypto community. Notable figures from the industry have also contributed to Trump’s campaign and related initiatives.
Shift in Cryptocurrency Stance
Despite previous criticism of cryptocurrency, Trump has recognized the sector’s rising significance, fueled by concerns about global competition, particularly from China. He sees the U.S. crypto industry as a crucial sector and aims to prevent other nations from dominating this space.
Trump’s pivot towards embracing cryptocurrency signifies a strategic move to engage with the industry and incorporate it into his political and fundraising activities.