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.
Growing economic uncertainty is pushing investors and central banks toward gold, with fears of a weakening U.S. dollar driving demand for the precious metal, according to Daan Struyven, Goldman Sachs’ co-head of global commodities research.
A recent survey commissioned by Grayscale Investments reveals that affluent investors are playing a significant role in the growing adoption of cryptocurrency in the United States.
The SEC is reconsidering a proposed rule that would impose stricter requirements on how investment advisors handle cryptocurrency custody.
President Donald Trump’s pro-crypto policies have sparked global debate, with many in the U.S. praising them while Europe expresses concern over potential financial instability.