Donald Trump continues to make news in the digital NFT space with his latest NFT collection titled "Series 4: The America First Collection." This new series has gone live on August 27 and has seen great momentum, with sales surging above $2 million within the first day.
And there is excitement for this latest collection. All of the NFTs, at $99 a pop, sold out at 22,000 units in an instant on the Polygon blockchain. A drop in the ocean really, if the fact that the total supply of 360,000 NFTs is factored into account. But should the entirety of the series sell out, it could gross a whopping $35 million.
Fans of Trump's earlier NFT drops will find all the old familiarities here: digital trading cards with Trump in different costumes and poses. Except for one thing: these NFTs will be non-tradeable on the secondary market until 31 January 2025. This means that collectors of these particular cards will have to sit tight a bit longer before they can resell or trade them again.
Trump's venture into the NFT space is a new affair since his previous stance has always been critical of digital currencies. He's, in fact, now deep inside the crypto world, even receiving campaign contributions through cryptocurrency. His NFT adventures took off in December 2022, and his collections ever since have seen various financial fates. Whereas his first-ever series greatly increased in value, other collections have seen various downturns.
To date, Trump has pulled in more than $7 million in profits from his NFT work. With his continued foray into the world of digital assets, his latest set will surely be one of the hot topics discussed at the Benzinga Future of Digital Assets event set to take place on November 19. The bigger implications surrounding Trump's NFTs-and what their very existence means going forward for the future of digital collectibles-will surely be discussed.
Trump's fourth NFT collection is getting off on the right foot in the market, with big early sales and a different tack taken on tradability. While he continues to make inroads into the digital asset world, his NFTs are turning out to be one of the large players in the market. Keep checking back for more updates on how this collection does, setting a stage for what it means for the future of digital collectibles.
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