NFTs News

Trump’s Stunning $1M Profit From NFTs Sales Shocks The Crypto World

Key Points:

Donald Trump made between $100,001 to $1 million from Trump-branded NFTs.
The collection of digital collectibles featuring the former president’s likeness has done over $19 million in sales since its inception.
Over the last week, the number of active wallets holding Trump NFTs has declined 13% to 208.

According to a filing from the U.S. Office of Government Ethics, former President Donald Trump may have made a significant amount of money from the sale of Trump-branded non-fungible tokens (NFTs).

These digital collectibles, which feature the 45th president’s likeness, were released in December and sold out within a day. Since then, the collection’s value has surged due to news of Trump’s arraignment in New York.

The filing reveals that Trump holds a number of positions at CIC Digital LLC and CIC Ventures LLC, including manager, president, secretary, and treasurer. Additionally, it states that CIC Digital LLC allowed NFT INT LLC to use Trump’s likeness, name, and image under a paid licensing agreement. The filing lists income from CIC Digital LLC as “NFTs,” which generated anywhere from $100,001 to $1 million.

It is worth noting that CIC Ventures LLC received over $5 million from speaking engagements. According to on-chain data from NFT data aggregator CryptoSlam, the Trump NFT project has done over $19 million in sales since its inception. However, over the past week, the number of active wallets holding Trump NFTs has declined 13% to 208.

Despite this decline, it is clear that the Trump NFT collection has been a lucrative venture for the former president. The popularity of NFTs has only continued to grow in recent years, and given the success of the Trump NFT project, it is likely that we will continue to see more high-profile figures enter the NFT space in the future.

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Annie

Coincu News

Annie

Championing positive change through finance, I've dedicated over eight years to sustainability and environmental journalism. My passion lies in uncovering companies that make a real difference in the world and guiding investors towards them. My expertise lies in navigating the world of sustainable investing, analyzing ESG (Environmental, Social, and Governance) criteria, and exploring the exciting field of impact investing. "Invest in a better future," I often say. That's the driving force behind my work at Coincu – to empower readers with knowledge and insights to make investment decisions that create a positive impact.