On August 27, 2024, former U.S. President Donald Trump released the fourth series of his NFT trading cards, titled "Series 4: The America First Collection."
This new collection quickly gained popularity, registering over 22,000 sales on the Polygon network within the first day, generating over $2.17 million in revenue. Each NFT is priced at $99, and this initial figure represents only 6% of the total possible supply of 360,000 NFTs.
If the entire collection sells, it could generate over $35 million.
Despite this success, NFTs cannot currently be traded on secondary markets until January 31, 2025.
This release follows Trump’s changing stance on cryptocurrencies, as he has recently been cozying up to the crypto community by accepting campaign donations in digital assets and interacting with crypto company executives.
Trump’s previous NFT collections, released in December 2022, realized mixed financial results for buyers. While the first series saw significant gains, the second and third collections suffered losses at minimal prices.
Jonathan Mann, the creator behind the long-running “Song A Day” project, has turned his crypto misfortune into a musical cautionary tale.
Elon Musk’s financial standing has taken a major hit, with his net worth shrinking by $70 billion since his public fallout with Donald Trump.
UBS analyst Brian Meredith has revised his outlook on Berkshire Hathaway’s Class B shares, trimming the price target from $606 to $591, while maintaining a “buy” rating.
In a move not seen in decades, the U.S. Treasury Department has initiated a historic $10 billion bond buyback—its largest ever—targeting securities set to mature between mid-2025 and mid-2027.