Former President Donald Trump has once more made waves within the digital asset space with the discharge of his latest series of non-fungible tokens (NFTs) dubbed “The America First Collection.” This marks his fourth foray into the market. This time, nonetheless, there’s a singular twist: the NFTs can result in real-world rewards.
From Bitcoin To Boxer
The newly unveiled NFT collection includes 50 signature “portraits that remember” Trump’s profession, capturing key presidential moments with animated art.
According to Bloomberg, the brand new collection features digital interpretations of Trump in atypical scenarios – resembling wielding a Bitcoin, wearing boxing gloves, performing bill signings, and even wearing a Bitcoin-infused rendition that resembles Marvel’s Captain America – with the goal of charming collectors and enthusiasts.
Each NFT on this collection starts at $99, however the appeal goes beyond individual purchases. Purchasing five NFTs earns buyers a complimentary pair of Trump’s signature “Never Give up” sneakers, which were first unveiled on the “Sneaker Con” event in February. Choosing a set of nine NFTs earns buyers two pairs of those kicks.
For many who put money into 15 NFTs, a physical souvenir awaits in the shape of a card embedded with a fraction of the suit Trump wore during a presidential debate in June – a suit reportedly instrumental in prompting President Joe Biden to drop out of the race, and affectionately dubbed the “knockout” suit by Trump himself.
What’s more, the stakes are even higher for buyers of 75 NFTs, who will receive an invite to dine with Trump at his esteemed club in Jupiter, Florida. Trump said in a video unveiling the brand new collection:
You recognize they call me the crypto president. I don’t know if that’s true or not, but numerous individuals are saying that. So don’t miss out.
Trump’s NFT Success Story
American businessman, Bill Zanker, collaborating with the previous president on the NFT releases, attests to the rapid success of previous collections, emphasizing their “swift sell-out rates.”
Trump’s alignment with the crypto industry also gained momentum post a dinner engagement with prior NFT buyers in May, culminating in a notable integration of crypto inside the Republican party’s platform.
Notably, Trump has pledged support for Bitcoin mining initiatives within the US, while opposing the event of a central bank digital currency (CBDC) domestically.
The previous president has even floated the idea of making a Bitcoin reserve for the country, which he believes could help repay the $35 trillion national debt.
This latest NFT offering from Trump comes against a backdrop of sluggish NFT sales across the industry, despite a spike earlier this 12 months that coincided with Bitcoin’s record highs of $73,700.
Trump’s inaugural NFT collection appeared shortly after the FTX crypto exchange collapsed, but managed to defy the chances and sell out, as Zanker recounted in a previous interview.
On the time of writing, BTC is currently trading at $62,000, consolidating between this level and the $61,700 mark over the past few hours after dropping from the $65,000 zone reached on Sunday.
Featured image from DALL-E, chart from TradingView.com