Trump’s new NFT collection series 4 generates $2 million despite slow start NFTs 2 weeks ago

Former US President Donald Trump‘s fourth NFT collection has generated over 22,000 transfers on the Polygon network, translating to more than $2 million in sales, according to on-chain data.This level of interest is noteworthy, mainly since these NFTs cannot be sold on secondary markets until Jan. 31, 2025.However, this performance starkly contrasts his earlier collections, which sold out swiftly after their launch. Current figures indicate that Trump has only sold about 6% of the 360,000 total NFTs more than 24 hours after the collection’s release.If the collection eventually sells out, it could generate $36 million in revenue, with each trading card priced at $99.On Aug. 27, Trump unveiled the new set of NFTs issued by NFT International LLC. The trading cards feature images of a younger version of Trump depicted in various victorious poses or dressed as a superhero.Trump also offered several incentives to buyers, such as a physical card for purchasing 15 NFTs, autographed cards, and a chance to dine with him in Jupiter, Florida, for those who buy 75 NFTs.The former president has earned over $7 million from his previous NFT collections.Trump’s latest NFT venture coincides with his tightening race against Vice President Kamala Harris in the upcoming election.On the Polymarket decentralized prediction market, crypto bettors estimate Trump’s chances of winning at 50%, just ahead of Harris at 49%.In a bid to boost his appeal, Trump has intensified his pro-crypto stance and added independent presidential candidate Robert F. Kennedy Jr. to his transition team. Kennedy recently backed out of the presidential race to support Trump’s bid for the Oval Office while remaining on the ballot in some states.Meanwhile, Trump faces a new federal indictment from a grand jury in Washington, DC. The indictment, filed on Aug. 27, accuses him of attempting to overturn the 2020 presidential election results.The charges include conspiracy to defraud the US, conspiracy to obstruct an official proceeding, obstruction of — and attempt to obstruct — an official proceeding, and conspiracy against rights.Oluwapelumi values Bitcoin’s potential. He imparts insights on a range of topics like DeFi, hacks, mining and culture, underlining transformative power.Also known as “Akiba,” Liam is a reporter, editor and podcast producer at CryptoSlate. He believes that decentralized technology has the potential to make widespread positive change. Join our X community for real-time crypto news and expert insights.Peirce urges public input on controversial SEC crypto rule.Nearly $1.5 billion in advisor-driven inflows make BlackRock’s Bitcoin ETF one of the fastest-growing funds in 2024.The coordinated efforts of 12 participating states will address the full repayment of over 800,000 investors.The negative performance was still better than 16 out of 20 different sectors of the crypto market, according to Artemis data.Polygon’s “hyperproductive” POL token POL would have a 2% annual emissions rate.Polymarket relies on decentralization and community-driven governance, contrasting with BET’s structured resolution process and financial incentives.A user reported losing $150,000 worth of ETH after interacting with an official announcement from the compromised Discord server.The value of the tokens surged by more than 10% after the exchange announced the move.CryptoSlate’s latest market report dives deep into Bitcoin’s historical monthly and quarterly returns, focusing on the period between 2013 and 2024 to assess the likelihood of a similar pattern unfolding in 2024.Disclaimer: Our writers’ opinions are solely their own and do not reflect the opinion of CryptoSlate. None of the information you read on CryptoSlate should be taken as investment advice, nor does CryptoSlate endorse any project that may be mentioned or linked to in this article. Buying and trading cryptocurrencies should be considered a high-risk activity. Please do your own due diligence before taking any action related to content within this article. Finally, CryptoSlate takes no responsibility should you lose money trading cryptocurrencies.