There will be a new Trump NFT collection

Donald Trump is set to launch his fourth NFT collection after the success of his previous releases. His campaign has also received $3 million in crypto donations, showing significant backing from the crypto community. Former President Donald Trump has hinted at a new non-fungible token (NFT) collection, reflecting his growing interest in the Web3 space and a shift in his attitude toward digital currencies.

In a Bloomberg interview, Trump announced plans for a new NFT collection. He was surprised by the strong response and success of his previous NFT ventures. “I did things like NFTs, and I noticed that 80% of the money was paid in crypto. It was incredible,” Trump said.

Trump had hinted at a fourth collection during a gala for his mugshot NFT holders at Mar-a-Lago in May but did not provide specific details. Trump’s first NFT venture began in December 2022 with his “Trump digital trading cards,” which sold out quickly, raising about 648 Ethereum (ETH), worth around $785,000 then.

Trump’s NFT and crypto ventures have garnered attention and support from notable figures like Marc Andreessen and Ben Horowitz, co-founders of venture capital firm Andreessen Horowitz (a16z). Horowitz expressed his support for Trump in his podcast, citing Trump’s favorable policies for the tech and startup ecosystem.

This growing support has also translated into substantial financial backing. The Wall Street Journal reported that Trump’s campaign raised $3 million in crypto donations during the second quarter, part of a broader $331 million fundraising effort.

Two of Trump’s joint fundraising committees recorded the donations, mostly in Bitcoin and Ethereum, in federal campaign filings. The crypto donations came from several prominent figures in the digital asset industry.

For example, Cameron and Tyler Winklevoss, co-founders of the Gemini crypto exchange, donated $1.6 million in Bitcoin. Jesse Powell, co-founder of the Kraken exchange, contributed $845,000 in Ethereum. Alongside these large donations, smaller contributions came from everyday individuals, like a Michigan pizzeria owner and a ticket-vending machine agent for the Long Island Rail Road.

Trump’s current stance on crypto marks a big change from his earlier views. As president, he was very critical of Bitcoin and other digital currencies, calling them “not money” and “fraud.”

However, his recent actions and statements suggest a shift. BeInCrypto reported that in June, Trump said he wants all Bitcoin to be made in the US. “If we don’t do it, China is going to pick it up, and China’s going to have it—or somebody else. […] What I want is what is good for the country,” Trump explained.

Despite Trump’s new support for crypto, not everyone in the industry agrees with his vision. Some experts argue that making Bitcoin in the US could create risks, compromising its decentralized nature. There are also questions about Trump’s sincerity, with some seeing his actions as politically motivated rather than a genuine endorsement of the technology.

Donald Trump’s growing involvement in the Web3 space, his plans for a new NFT collection, and the significant crypto donations to his campaign highlight a major shift in his approach to digital currencies. As Trump continues to embrace and promote crypto, the industry is watching closely to see how this evolving relationship will impact the broader adoption and regulation of digital assets.