April 17, 2023

Trump Earned up to $1Mln from NFTs

Trump NFT Collection

Trump NFT Collection

Former US President Donald Trump earned between $100,001 to $1 million from his NFT collection, a filing issued by the US Office of Government Ethics revealed. 

The filing showed that Trump was the manager, treasurer, president, and secretary of CIC Digital LLC since March 2022. CIC Digital LLC gave NFT INT LLC a license to use the former president’s name and images to release the Trump Digital Trading Cards

Surprisingly, Trump earned less than $201 only from the Trump Media & Technology Group — the company behind Truth Social, according to Bein Crypto website. 

Trump’s NFT collection, released in mid-December, consists of 45,000 digital collectibles portraying him in various positions and situations. The crypto community strongly interacted with the NFT collection as its floor price reached its peak of 0.675 ETH in February. 

The total trade volume of the Trump Digital Trading Cards recorded more than $19 million, a matter which reflects the level of interest it generated within the community.

The NFT buyers could be awarded a dinner banquet with Trump if they purchased 45 NFTs at once worth $4,445, according to Coin Desk

According to the collection website, each Trump Digital Trading Card has a unique pre-assigned rarity as some will be one-of-one, while others will be limited to 2, 5, 7, or 10 copies. It stressed that no card would have more than 20 copies in existence. 

Any customer, who purchases one of the digital trading cards, will be automatically directed to “sweepstakes” that could include a Zoom call with Trump, a cocktail hour at Mar-a-Lago, or a dinner in Miami. 

Earlier, the website which made the collection said that the NFTs “are not political and have nothing to do with any political campaign.”

Currently, Trump faces 34 felony counts in New York for falsifying business records in addition to several investigations of his actions during his time as president.

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