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According to information from his most recent financial disclosure released by the watchdog organization “Citizens for Responsibility and Ethics in Washington” (CREW), former United States President Donald Trump may have generated between $100,000 and $1 million from the sale of his 45,000-piece NFT collection.
CREW indicates that Trump could have earned the stated amount from the NFTs, which were introduced on December 15, 2022, and depicted aspects of his life and presidential tenure.
The collection was initially priced at $99 per piece, with a restriction of 100 pieces per buyer. Purchasers had the opportunity to win various prizes, including a VIP dinner with the former president.
Donald Trump’s Collection Sold Out in Less Than a Day
Despite facing significant criticism on social media for showcasing the former president in somewhat flamboyant or ostentatious outfits, the NFT launch was positively received by the crypto community and his supporters, as all 45,000 pieces were sold out in under a day.
Trump stated that the revenue from this collection was unrelated to any political campaign, allowing him to retain a substantial amount from his venture into NFTs for personal use.
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NFT INT LLC, the entity responsible for marketing Trump’s cards, utilized his likeness for the digital art sales through a paid licensing agreement with CIC Digital LLC. Trump reported an income ranging from half a million to one million dollars from CIC Digital LLC.
The NFTs offered various benefits, such as exclusive in-person meetings with the former president, all-expenses-paid trips, video calls, autographs, and numerous other incentives; however, it remains unclear whether the company has fulfilled the promised rewards listed on the collection’s official website.
Interest in Trump’s NFTs Continues to Grow
As noted by CryptoPotato, interest in Donald Trump’s NFTs is on the rise. Just 12 hours following his arrest on charges of 34 offenses related to commercial fraud involving undisclosed payments to former adult film actress Stormy Daniels, sales of his NFTs surged significantly.
While Trump referred to the lawsuit as an “insult to our country,” many individuals capitalized on the news of his indictment to speculate on the value of the NFTs, achieving substantial returns on their investments.
Price floor of the Trump Digital Trading Cards. Image: NFT Price Floor
During the heightened interest surrounding the former president’s arrest, one collector sold a card, originally purchased for under $100 and depicting Trump with a rifle, for 0.697 ETH ($1,333 at that time). This amount reflects a profit exceeding 1,000%. Quite a return for one of the many cards released.
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