Donald Trump is emerging as a central figure in the crypto sector, among NFT successes and a new DeFi platform that challenges traditional financial institutions. Let’s see all the details below.
Trump’s involvement in the world of NFTs
As the presidential election approaches, Donald Trump has chosen to redefine his role, emerging as a key figure in the cryptocurrency world.
While many see this move as a political strategy, others interpret his growing interest in the sector as a change of opinion driven by the growing popularity of cryptocurrencies among the public.
Beyond the controversies, his commitment to the world of NFT (non-fungible tokens) is undeniable, as evidenced by the launch of its four successful NFT card collections. The latest, the Trump NFT Series 4, was recently released.
Series 4 of Trump NFTs, called “The America First Collection,” launched on August 27 and immediately found extraordinary success.
With a price of $99 per card, the collection has reached 22,000 sales in just two days, generating $2.17 million in sales volume, according to data from Onchain.
This figure represents only a small part of the total potential of the collection, which includes 360,000 NFTs. Analysts estimate that sales could exceed $35 million, given the enthusiasm and results of the previous series.
The collection has already attracted the attention of 1,196 holders and seen up to 22,195 transactions completed, contributing to an overall gain of more than $7 million for Trump from his NFT collections.
The success comes at a crucial time, with the recent revelation of Trump’s significant involvement in Ethereum and the profits from his activities in the crypto sector.
The special features of the Trump NFT series 4
The Trump NFT Series 4 also features some unique features which surprised investors.
Each series of NFTs depicts Trump in different settings, but this time there’s an added twist: In many of the images, the former president appears with Bitcoin (BTC), highlighting his move into cryptocurrencies.
Additionally, those who purchase at least 15 cards will receive a physical version of the card, which includes a fragment of the suit Trump wore during the presidential debate with Joe Biden.
Five of these cards will be autographed by Trump, making them even more valuable. The most avid buyers, those who purchase at least 75 cards, will have the opportunity to attend an exclusive gala dinner at Trump’s country club in Jupiter, Florida.
Despite the enthusiasm, there is one major limitation that has disappointed many collectors: these NFTs will not be able to be traded on secondary markets until January 31, 2025.
This restriction, while seen as unfair by some, could nevertheless increase demand over time, as only a limited number of people will initially have access to these cards.
The DeFiant Ones: Trump Launches DeFi Platform as Alternative to Big Banks
Alongside the success of his NFT collections, Trump announced another bold move in the world of cryptocurrencies: the launch of a cryptocurrency platform called “The Defiants”.
Presented as an alternative to the offers of large banks and financial institutions, the platform is based on decentralized finance (DeFi), which allows transactions without intermediaries such as banks.
In a message posted on X-Net and his social network Truth, Trump said:
“For too long, the average American has been crushed by big banks and financial elites. It’s time for us all to stand up together.”
The launch of this platform comes at a strategic moment, a few weeks before the presidential elections, and seems to align perfectly with his electoral campaign.
Also shared by his son Donald Jr., the message went viral, attracting the attention of tens of thousands of subscribers on the dedicated Telegram channel, which reached 29,000 subscribers in just a few minutes.
The Trump DeFi platform aims to build “the future of finance,” promising to revolutionize the industry with equitable and immediate access to financial services.
Eric TrumpIn an interview with the New York Post, he described the platform as “a guarantee that anyone can access and do it instantly,” highlighting the impact it could have on the traditional financial system.
The platform’s launch timeline appears to be perfectly aligned with the final phase of Trump’s presidential campaign, suggesting that further developments will take place in the coming months.
