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United States Republican presidential candidate Donald J. Trump’s recently-launched fourth non-fungible token (NFT) collection saw considerable sales.
The token collection was announced by Trump in mid-July during a Bloomberg interview. The presidential candidate lauded the experience he had with his past NFT collections:
“It was incredible. So, NFTs are, you know, I did the—very successful. We had one year to sell it out and it sold out in one day. The whole thing sold out: 45,000 of the cards. And I did it three times [and] I’m going to do another one, because the people want me to do another one. It’s unbelievable spirit.”
On-chain data shows that Trump’s “Series 4: The America First Collection” NFT trading cards collection saw over $2.17 million worth of sales at a mint price of $99 per token. The tokens were launched on the Polygon (MATIC) blockchain where over 22,000 sales were processed.
The development follows sneakers themed after Bitcoin (BTC) and United States Republican presidential candidate Donald J. Trump recently selling out shortly after listing at $499. The marketing showed a clear focus on the cryptocurrency community, noting that they were “perfect for crypto enthusiasts and Trump supporters alike.”
Much more to come
Still, this accounts for only 6% of the total supply of Trump’s latest NFT collection, which is capped at 360,000 tokens. The cards feature the presidential candidate in numerous poses and costumes, just like in past collections.
If Trump’s NFT series were to sell out it would generate over $35 million in revenue. Currently, the tokens are barred from trading on secondary markets, with Jan. 31, 2025, being the date set for the opening of full trading and on-chain transfers.
Trump has positioned himself as the pro-crypto candidate, owning at least $1 million worth of crypto and promising to create a United States strategic Bitcoin (BTC) reserve. The latter proposal was met with some criticism.
Still, Democrats have since taken a more favorable standing on cryptocurrency-related policies. As ReadWrite recently reported, United States Vice President and Democratic presidential candidate Kamala Harris is expected to help grow the crypto industry in the U.S. Her senior campaign advisor for policy, Brian Nelson, said:
“She’s [Vice President Kamala Harris] going to support policies that ensure that emerging technologies and that sort of industry can continue to grow.”
