Former President Donald Trump Is Gearing Up to Launch His Fourth NFT Collection

Former President and Republican nominee for this year's presidential elections, Donald Trump, is gearing up to launch his fourth non-fungible token collection.

Former President Donald Trump is preparing to launch his fourth collection of non-fungible tokens (NFTs).

Trump revealed in an interview with Bloomberg Businessweek that his previous NFT collections were a success, with each set of 45,000 cards selling out. The presidential hopeful said he is releasing another collection due to high demand.

“I'm going to do another one, because the people want me to do another one,” Trump said. “But the thing I really noticed was everything was paid in — I would say almost all of it was paid in crypto, in this new currency. And it opened my eyes.”

Trump's first NFT collection, called Trump Digital Trading Cards, was released in late 2022. The project used Trump’s name, image, and likeness to distribute 45,000 NFTs priced at $99 each. Trump earned royalties on the initial sale of the NFTs, as well as a small portion of the trading volumes on the secondary market.

Despite initially expressing skepticism towards cryptocurrencies, Trump has now embraced the industry. He said that “if we don't do it, China is going to pick it up and China's going to have it.”

Trump's increasing affinity with the asset class was also evident when he pledged to keep cryptocurrency exchanges in the U.S. during an NFT event at his Mar-a-Lago residence in May.

The potential for a pro-cryptocurrency presidential ticket, featuring Trump and his running mate, Sen. J.D. Vance (R-Ohio), has excited the market. Among those who believe a Trump presidency would be bullish for crypto is Todd Gordon, founder of Inside Edge Capital, who said he expects Bitcoin to reach seven figures this year.

At the time of writing, the floor price of the first series of Trump NFTs was 381.27, showing a 0.91% increase over 24 hours, according to Magic Eden. Trump-inspired Maga Coin stood at $7.85, showing a 5.52% decrease over 24 hours, according to Benzinga Pro.

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