Trump Teases Rebranded Crypto Platform, Banks $2M in NFT Sale

Donald Trump’s new NFT collection faces mixed reception amid continued teases of a bigger crypto project.

What’s the scoop?

• Sales Numbers: Donald Trump's “America First Edition” NFT collection has made over $2M since Tuesday, surpassing CryptoPunks' $754K in 24-hour sales. Despite strong initial sales, only about 20.7K of the 360K available NFTs have been minted — 5.7% of the total supply.
• Historical Context: Trump’s previous NFT collections sold out quickly but were significantly smaller in scale. His last collection, which featured 100K NFTs, only sold half.
• Usage Limitations: The NFTs from this collection cannot be resold on secondary marketplaces until January 31, 2025, similar to the restrictions on his previous collection.
• Website Live for World Liberty Financial: Trump continues to tease his upcoming crypto project, World Liberty Financial, with a new website that says the project will connect users to "decentralized finance's best tools for secure, high-yield crypto investments.

Bankless Take:

Trump’s latest NFT venture presents a mixed bag. On one hand, raking in over $2M in a weak market is no small feat, especially when compared to established collections like CryptoPunks. However, the low percentage of minted NFTs signals potential oversupply with the collection’s size. If the collection ultimately sells out, though, the $35.6M haul he’ll yield will be hard to dismiss. Beyond the NFTs, Trump’s repeated teases of his larger crypto project have failed to yield concrete details, aside from these new clues about “high-yield crypto investments,” which build on his son’s previous comments to the New York Post that WLF may also involve getting loans without traditional banks.