The Success of President Donald Trumps NFT Reveals his Interests on Cryptocurrency!!!!

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The Success of President Donald Trumps NFT Reveals his Interests on Cryptocurrency
We've all heard about Donald Trump. He is a successful businessman as well as a politician. He served as President of the United States from 2017 until 2021. Aside from all of his accomplishments, he also released his NFT, which was a big success. Today I will talk about it.

Pixabay

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How This information was revealed:

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According to a new financial information statement given to the Office of National Ethics, President Donald Trump has made significant achievements in the NFT market. Trump holdings in CIC Digital LLC is made clear in the disclosure, which shows a remarkable $1 billion in earnings from multiple sources. The organization collects license fees for utilizing Trump character on nonfungible tokens and holds a crypto wallet valued $500,000source.

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About the NFT success:

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As a result of Trumps appearance into the NFT market, a pair of digital trading cards were created and both the cards had an enormous effect. The first season launched in December and sold out on the first day; afterwards, the second season was also completed successfully.

Although price of the original collection dropped to 60% after the release of the second series, Trump NFTs have remained a desired item on this market. With 47,000 pieces in the collection the second series were sold at a price of $99 each on the Polygon blockchain which generated almost $4.65 million. Wrapped Ether transactions were used to conduct the sales which again brought in around two million dollars to the Polygon network. This result was achieved despite a drop in the NFT market.

Pixabay

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Why Trumps involvement is good for cryptocurrency:

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Since the worldwide marketplace of digital currency is growing, Trumps presence in the NFT market shows the rising progress of cryptocurrencies. As his digital trading cards creating effects in the NFT marketplace, it is clear that NFT business will have much impact his future financial activities.

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Conclusion:

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The more significant and influential people involves with cryptocurrency, the greater the influence for cryptocurrency will be. With President's success, many more prominent people will undoubtedly enter the crypto industry. As a result, crypto is becoming more familiar to everyone.

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