- Donald Trump’s latest NFT collection, America First, has generated over $2.2 million in sales since its launch on August 27.
- The collection could potentially earn up to $35 million if all 360,000 units sell out, priced at $99 each.
- The release has sparked criticism and speculation, linking it to an SEC inquiry into the OpenSea platform.
Former President Donald Trump’s recent foray into the digital asset space with his new NFT collection, “America First,” has swiftly garnered over $2.2 million in sales. Launched on August 27, the collection offers unique digital trading cards, each priced at $99. Within days, data from Polygonscan indicated that 22,360 units had been minted by 1,210 different holders.
Rapid Sales and Potential Earnings
The sales began robustly, reflecting significant interest in the NFTs which feature designs that emphasize Trump’s presidential campaign themes. If every item in the collection sells, total revenue could reach as high as $35 million. Previously, on July 17, Trump discussed the strategic importance of the United States maintaining a leadership role in the burgeoning crypto industry, suggesting that neglect could allow China to dominate this innovative sector.
Community Reaction and Regulatory Scrutiny
Despite the financial success, Trump’s venture into NFTs has not been without controversy. Some members of the digital asset community have labeled the collection a “grift,” expressing concerns over its genuine value and contribution to the crypto space. Moreover, the timing of the collection’s release seems to coincide with heightened regulatory interest. Just a day after the NFTs went live, the popular NFT marketplace OpenSea received a Wells notice from the U.S. Securities and Exchange Commission (SEC). This notice suggested that some NFTs could be considered unregistered securities, raising alarms about potential legal challenges ahead.
The suspicion among crypto enthusiasts and analysts is that the SEC’s action may be connected to the high-profile nature of Trump’s NFTs. Notable crypto figures and NFT collectors, including Udi Wertheimer and the individual known as Franklin, have pointed out the proximity of the SEC’s notice to the launch, hinting at possible regulatory consequences for the broader NFT market influenced by such high-profile releases.
