Former US President Donald Trump Hints at a Plan to Launch His Fourth Non-Fungible Token (NFT) Collection

This move reflects Trump's increasing engagement with the Web3 space and marks a notable shift in his stance on digital currencies.

Former US President Donald Trump is planning to launch his fourth non-fungible token (NFT) collection, hinting at the possibility in a recent interview with Bloomberg.

This move marks a significant shift in Trump's stance on digital currencies, considering his previous skepticism. However, the success of his past NFT ventures, including his "Trump digital trading cards," seems to have sparked a change of heart.

During a gala dinner for his mugshot NFT holders at Mar-a-Lago in May, Trump teased the prospect of a fourth collection but did not provide a specific timeline or further details at that time.

Trump's initial foray into NFTs commenced in December 2022 with the launch of his digital trading cards, which sold out quickly, raising approximately 648 Ethereum (ETH), then valued at roughly $785,000.

Interestingly, Trump's venture into NFTs and crypto has garnered support from some notable figures in the industry. His campaign received a boost with the inclusion of several key figures from the crypto space, such as Marc Andreessen and Ben Horowitz.

Horowitz, co-founder of the venture capital firm Andreessen Horowitz (a16z), expressed his support for Trump in his latest podcast episode. He highlighted Trump's favorable policies for the tech and startup ecosystem as a deciding factor.

“But the future of our business, the future of new technology, and the future of America is literally at stake. So here we are. And for a little tech, we think Donald Trump is actually the right choice,” Horowitz stated in the podcast.

From Pizzerias to Crypto Moguls: Diverse Donors Fuel Trump's Campaign

This growing support for Trump's campaign also manifested in substantial financial backing. According to recent filings, Trump's campaign earned $3 million in crypto donations during the second quarter. These contributions are part of the broader $331 million raised across various fundraising arms.

Two of Trump's joint fundraising committees recorded the donations, primarily made in Bitcoin and Ethereum, in federal campaign filings. Several prominent individuals within the digital asset industry made notable donations.

For instance, Cameron and Tyler Winklevoss, co-founders of the Gemini crypto exchange, collectively donated $1.6 million in Bitcoin. Additionally, Jesse Powell, co-founder of the Kraken exchange, contributed $845,000 worth of Ethereum.

Besides these high-profile contributions, the donations also included support from everyday individuals. A Michigan pizzeria owner and a ticket-vending machine agent for the Long Island Rail Road were among the many who made smaller contributions in cryptocurrency.

Trump's current stance on crypto marks a significant departure from his earlier views. During his previous presidency, he was highly critical of Bitcoin and other digital currencies, labeling them “not money” and “fraud.”

However, his recent actions and statements suggest a notable shift. Earlier in June, BeInCrypto reported that Trump even stated that he wants all Bitcoin to be made in the US.

“If we don’t do it, China is going to pick it up, and China’s going to have it—or somebody else. […] So you have to look at it—what I want, again, is what is good for the country. So we have a good foundation. […] But I don’t want to be responsible for allowing another country to take over this sphere,” Trump explained his rationale in the interview.

Despite Trump's newfound support for crypto, not everyone in the industry agrees with his vision. Some experts argue that making Bitcoin in the US could introduce jurisdictional risks, potentially compromising its decentralized nature. Furthermore, there are questions about the sincerity of Trump's support, with some viewing his actions as politically motivated rather than a genuine endorsement of the technology.

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