Donald Trump establishes himself 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 commitment in the NFT world
In the midst of the upcoming presidential elections, Donald Trump has chosen to redefine his role, emerging as a key figure in the world of criptovalute.
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 increasing 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 his four successful NFT card collections. The latest of which, the Trump NFT Series 4, was released recently.
The Trump NFT Series 4, called “The America First Collection,” was launched on August 27 and immediately achieved extraordinary success.
With a price of 99 dollars per card, the collection reached 22,000 sales in just two days, generating a sales volume of 2.17 million dollars, according to Onchain data.
This figure represents only a small part of the total potential of the collection, which includes 360,000 NFT. Analysts believe that sales could exceed 35 million dollars, considering the enthusiasm and the results of the previous series.
The collection has already attracted the attention of 1,196 holders and has seen as many as 22,195 transactions carried out, contributing to an overall gain of over 7 million dollars for Trump from his NFT collections.
This success comes at a crucial moment, with the recent revelation of Trump’s significant involvement in Ethereum and the gains derived from his activities in the crypto sector.
The peculiarities of the Trump NFT Series 4
The Trump NFT Series 4 also presents some unique characteristics that have surprised investors.
Each series of NFT depicts Trump in different settings, but this time there’s an extra touch: in many images, the former president appears with Bitcoin (BTC), highlighting his shift to cryptocurrencies.
Furthermore, those who purchase at least 15 cards will receive a physical version of the card, which includes a fragment of the suit that 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 passionate 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 a significant limitation that has disappointed many collectors: these NFTs cannot be traded on secondary markets until January 31, 2025.
This restriction, although perceived as unfair by some, could nevertheless increase demand over time, as only a limited number of people will have initial access to these cards.
The DeFiant Ones: Trump launches a DeFi platform as an alternative to the big banks
In parallel with the success of his NFT collections, Trump has announced another bold move in the world of cryptocurrencies: the launch of a cryptocurrency platform called “The DeFiant Ones”.
Presented as an alternative to the offerings of large banks and financial institutions, the platform is based on decentralized finance (DeFi), which allows transactions without intermediaries such as banks.
In a post published on X-Net and on his social network Truth, Trump stated:
“For too long, the average American has been crushed by the big banks and financial elites. It’s time to stand up, together”.
The launch of this platform comes at a strategic moment, just a few weeks before the presidential elections, and seems to align perfectly with his electoral campaign.
Shared also by his son Donald Jr., the post went viral, attracting the attention of tens of thousands of followers on the dedicated Telegram channel, which in a few minutes reached 29 thousand subscribers.
The Trump DeFi platform aims to build “the future of finance,” promising to revolutionize the sector with fair and immediate access to financial services.
Eric Trump, in an interview with the New York Post, described the platform as “a guarantee that anyone can access and do so instantly,” highlighting the impact it could have on the traditional financial system.
The timing of the platform launch seems perfectly coordinated with the final phase of Trump’s presidential campaign, which suggests that there will be further developments in the coming months.
