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Trump's encryption territory expands comprehensively, with earnings from NFTs to real estate chain games exceeding $1 billion.
Trump's Encryption Empire: A Comprehensive Layout from Digital Collectibles to Real Estate Chain Games
Trump, as one of the most wealth-creating presidents in American history, has recently extended his reach into the encryption field and has profited significantly from it. Today, his encryption empire has been continuously expanding, covering digital collectibles, decentralized finance, meme coins, stablecoins, and even extending into Bitcoin mining operations. Recent reports suggest that the Trump family seems to be setting its sights on the blockchain gaming sector.
Looking back at Trump's encryption journey, it can be traced back to the issuance of digital collectibles. In December 2022, Trump launched the first batch of digital trading card NFTs on the Polygon blockchain, totaling 45,000, with a unit price of $99. Although it sparked some controversy, under his influence, the series sold out in less than a day after its launch, bringing him significant income.
Subsequently, Trump launched the second and third series of digital collectibles. The total for the second series increased to 47,000 pieces, while the third series reached an impressive 100,000 pieces. It is estimated that this combination of the three sets of digital collectibles generated nearly $20 million in revenue for Trump's team.
In September 2024, the Trump family announced their entry into the decentralized finance sector with the launch of a project called "World Free Finance." The governance token of the project, WLFI, completed a sale of $550 million. According to relevant documents, Trump and his business partners will receive 75% of the project's net income, which means Trump could potentially gain about $390 million from it.
In the field of stablecoins, the Trump family business has launched a stablecoin named USD1, which is pegged to the US dollar and is 100% backed by assets such as short-term government bonds and US dollar deposits. This stablecoin is currently operating on Ethereum and Binance Smart Chain, with a transaction volume exceeding $44.91 million.
The Trump family has also ventured into the Bitcoin mining business. Trump's second son Eric collaborated with mining company Hut 8 Mining to establish American Bitcoin, with Hut 8 holding an 80% stake.
In the meme coin space, the personal MEME Trump launched by Trump has attracted global attention. Although the price has experienced significant fluctuations, it has still brought considerable paper profits to Trump.
According to reports, the Trump family is currently developing a real estate-themed blockchain game, which may be an adaptation of the classic game Monopoly. Although specific details have not been disclosed, this indicates that Trump is extending his encryption business into the gaming sector.
Trump's encryption empire is rapidly rising, covering multiple areas from infrastructure to applications. According to Bloomberg, the Trump family has already profited over $1 billion from the encryption sector to date. Considering that the current encryption market is not yet in a boom phase, the Trump family's earnings may be even more substantial in the future.
However, Trump's expansion in the encryption field has also sparked some controversy and concern. Some have questioned whether this could involve conflicts of interest and insider trading. Some critics point out that Trump is using his political influence to promote policy changes that benefit his family's encryption business.
Regardless, the Trump family's rapid expansion and enormous profits in the encryption field have become an undeniable fact. As their business scope continues to expand, Trump is becoming an important figure in the crypto world that cannot be ignored. In the future, whether his encryption empire will continue to expand and how it will affect the development of the entire industry is something we should continue to pay attention to.