Trump to Release Fourth NFT Collection Amid Growing Crypto Embrace

SNEAK PEEK

  • Trump announces a fourth NFT collection due to strong demand and past success.
  • His campaign raised $3M in crypto last quarter, reflecting growing crypto support.
  • 3Trump now views crypto as crucial to U.S. competitiveness against China.

Former President Donald Trump has announced plans to release a fourth collection of NFTs, following the success of his previous digital card ventures. This revelation came during an interview with Bloomberg Businessweek, where Trump expressed enthusiasm for the ongoing demand for his NFTs.

Trump’s previous NFT collections have been distinguished by their swift sell-outs, with 45,000 cards being purchased each time. The former president credited this success to high demand, noting that all 45,000 cards sold out on three occasions, and he plans to release another collection due to popular demand. He described the phenomenon as an extraordinary display of enthusiasm and beauty.

In addition to his NFT ventures, Trump’s campaign has increasingly embraced cryptocurrency donations. According to a recent Wall Street Journal report citing data from the Federal Election Commission (FEC), Trump’s campaign raised approximately $3 million in crypto last quarter, out of a total of $331 million.

Major contributors from the crypto industry, including Kraken co-founder Jesse Powell and Gemini co-founders Tyler and Cameron Winklevoss, have supported Trump’s reelection bid through substantial donations.

However, Trump has recently embraced the crypto sector, which is a sharp contrast to the doubts he had earlier. Earlier in a Bloomberg interview, he said that he evolved his views and it is imperative for the U. S. to remain relevant in the crypto space.

He pointed out that if the U.S. does not take action, China, or possibly another country, but most likely China, will take control of the crypto industry. He emphasized that China is very interested in this field. Trump also noted that the U.S. crypto industry is still in its early stages, almost like a baby. He expressed his concern about not wanting to be responsible for letting another country dominate this area.
To strengthen his campaign’s connection with the crypto industry, Trump recently chose pro-Bitcoin Senator J.D. Vance (R-Ohio) as his vice-presidential running mate. This choice highlights Trump’s strategic move to support digital currencies and appeal to the crypto community.