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Donald Trump launches fourth NFT collection featuring Bitcoin

Donald Trump launches fourth NFT collection featuring Bitcoin

GrafaGrafa2024/08/29 02:40
By:Liezl Gambe

Former U.S. President Donald Trump has launched his fourth series of non-fungible token (NFT) digital trading cards, continuing his venture into the digital collectibles market.

The new collection, titled “The America First Collection,” includes 50 unique cards, one of which features an image of Trump holding Bitcoin (CRYPTO:BTC).

Trump announced the release on his Truth Social platform, citing “popular demand” as the reason for the new series.

In a promotional video, Trump highlighted some of the card designs, including images of him dancing and holding Bitcoin, appealing to both his supporters and cryptocurrency enthusiasts.

The NFTs are priced at $99 each, and buyers can use either a credit card or cryptocurrency to make purchases, making it accessible to a wide audience.

Trump emphasised that these NFTs are more than just digital art; they are a chance to “collect your piece of American history.”

As an added incentive, buyers who purchase 15 or more digital trading cards will receive a physical card, each containing a piece of the suit Trump wore during the June presidential debate with Joe Biden.

Referred to by some fans as “the knockout suit,” this outfit will be cut into pieces and included with the physical cards, making them a unique collector's item.

Additionally, five of these physical cards will be randomly selected to be autographed by Trump, adding further value for collectors.

For those who purchase 75 or more digital trading cards, there is an exclusive invitation to a gala dinner at Trump’s country club in Jupiter, Florida.

Trump has positioned these NFTs as a way to own a unique piece of American history, blending his political legacy with the emerging digital asset space.

He playfully referred to himself as the “crypto president,” acknowledging his growing association with the cryptocurrency community, even if humorously noting, "I don’t know if that’s true or not, but a lot of people are saying that."

Meanwhile, the U.S. Securities and Exchange Commission (SEC) may be gearing up for enforcement actions related to NFTs, raising concerns about the regulatory future of the market.

The SEC has reportedly issued a Wells notice to OpenSea, indicating that some NFTs on the marketplace might be classified as securities.

In response to regulatory pressures, Trump has vowed to fire SEC Chair Gary Gensler on his first day in office if he wins the upcoming election, reflecting his ongoing critique of current financial regulations.

At the time of reporting, Bitcoin price was $59,028.15.

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Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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