Trump announces the release of a fourth NFT collection

What’s new? Former US President Donald Trump has announced that he is preparing to release a fourth collection of non-fungible tokens (NFTs), emphasizing the existence of high demand and the success of the previous three collections. He also revealed that he met many figures in the crypto industry during his campaign fundraising, calling them “top-flight people.”

Material by Bloomberg

What else is known? Trump also said that he is determined to develop the crypto industry in the United States, which is currently at the initial stage. According to him, if active actions are not taken for this, the leadership will pass to China, which is very interested in this.

“We have a good foundation. It’s a baby. It’s an infant right now. But I don’t want to be responsible for allowing another country to take over this sphere,” the politician said.

In May, Trump’s campaign began accepting cryptocurrency donations. According to Federal Election Commission (FEC) data published by the WSJ, the politician raised $331 million last quarter, including $3 million in cryptocurrency.

This week, Trump nominated a bitcoin supporter, Sen. James Vance of Ohio, as his vice presidential running mate.

Major players in the crypto industry, including co-founders of Kraken and Gemini crypto exchanges Jesse Powell and Tyler and Cameron Winklevoss, donated significant sums to Trump’s re-election campaign for president.

Thus, Powell donated $1 million to ETH, naming Trump as the only cryptocurrency candidate. He added that the industry has been under attack for too long under the Joe Biden administration, which has reduced US competitiveness. Tyler Winklevoss also donated $1 million in bitcoins, saying “It’s time for the crypto army to send a message to Washington.”

Cryptocurrency supporters have donated $94 million to US politicians since 2023

This amount has already exceeded the result of the entire previous electoral cycle

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Trump’s assassination attempt during a speech in Pennsylvania on July 13 triggered a rise in the value of meme tokens created in his honor. His chances of winning immediately skyrocketed in prediction markets after the incident.

Trump released his first NFT collection in December 2022 and it sold out in less than 24 hours. A similar situation happened with the second collection, released in April 2023. Then after Trump’s arrest, NFT sales jumped 462%. The third collection, dedicated to criminal charges against the politician, appeared in December 2023.

In June, Trump pledged to support mining in the United States if re-elected, after which the shares of industry companies showed a sharp rise.