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Trump launches new series of NFTs: Bitcoin design draws follow, floor price continues to fall raising doubts.
Trump Launches Fourth Series of NFTs, Holding Bitcoin Image Attracts Attention
US Republican presidential candidate Trump is once again entering the NFT market, launching the fourth series of digital collectibles. This series, named "America First," was officially released on the evening of August 27 on a social platform. The new series includes 50 different digital cards themed around various images of Trump, including photos of him holding Bitcoin, which has attracted the attention of cryptocurrency enthusiasts.
These NFTs will be minted on a certain blockchain platform, with a total expected quantity of up to 360,000 pieces. Each card is priced at $99, and buyers can also receive additional rewards based on the quantity purchased. For example, purchasing 75 NFTs (worth $7,425) can provide the opportunity to have dinner with Trump, as well as various other benefits such as limited edition sneakers.
The most eye-catching aspect is the "big package" priced at $24,750, where buyers can not only receive two VIP dinner tickets and the chance to drink cocktails with Trump, but also obtain a unique Bitcoin inscribed NFT, limited to 25 pieces. In a promotional video, Trump stated: "Many people call me the cryptocurrency president; while I'm not sure if that's true, quite a few people say so."
It is worth noting that although Trump has gained considerable revenue from the NFT business, these funds have not been used for his political campaign, but have entered his personal account. According to the latest financial disclosures, Trump has earned over $1 million in cryptocurrency income from the NFT business.
However, the performance of Trump's first three series of NFTs has not been ideal. As of August 28, the floor price of the first series of digital trading cards is $206.62, down 35.86% in 30 days; the floor price of the second series is $40.11, down 37.48% in 30 days; the floor price of the third series is $121.06, down 24.57% in 30 days.
In terms of campaign funding, Trump is currently facing challenges. As of the end of July, his campaign team has $151 million in cash, while his opponent's team has $220 million. Trump urgently needs to increase fundraising through various means to attract more supporters.
Trump has confirmed that he will participate in the presidential election debate on September 10 and plans to appoint new co-chairs for the transition team to enhance his appeal to voters. Despite facing some challenges, Trump's campaign team has stated that they are ready for the final push in November.