Donald Trump Earned Between $500,001-$1M on NFT Sales: Filings
Trump also earned more than $5 million in income from speaking engagements, the disclosure said.
According to on-chain data from NFT data aggregator CryptoSlam, the number of active wallets holding Trump NFTs has fallen 14% to 207 in the past week.
However, over the same time period, trading profits for these HODLers are up 651% to $12,000.
114 traders were in profit, according to the data, compared to the 285 total transactions during this time period. The trading profit since the project’s inception has been $9,040.
During the last week, there was $212,000 in sales volume. In comparison, over the past 90 days, $8.7 million in NFTs have traded hands versus $19 million since inception.
Data from OpenSea shows that the collection of 14,000 NFTs is spread widely, with 65% of wallets holding only one NFT, and another 23% holding between two and three.
OpenSea reveals that all sales have a 10% royalty to the creator, which is higher than the average of 5%.
With $19 million in sales since inception, this project would have netted the entity $1.425 million after deducting OpenSea’s 2.5% fee. Of course, this number can increase in a bull market as royalties from sales are paid out in crypto.
Trump’s personal profit from the NFTs is not clear, as neither the ex-president, a political action committee (PAC), nor his campaign are directly involved in designing or minting the NFTs. It’s done by a company called NFT INC LLC, which has a registered address at a UPS store in Park City, Utah. However, the LLC itself is incorporated in Wyoming.
Journalist Kurt Eichenwald did some digging and found that the LLC has an address at a home in Cheyenne, Wyoming.
The registered agent used to incorporate the LLC is Wyoming Corporate Services, which, as Eichenwald reports, has been linked to global scandal and intrigue from the US Department of Defense’s cruelty to setting up shell companies for former Ukrainian Prime Minister Pavlo Lazarenko.
Dylan and Bill Zanker are two names that have been associated with the project, although they have not been confirmed by CoinDesk.
In a tweet thread, Web3 security auditor Plum points out that the Zankers have been involved with other celebrity NFT projects before, and the domain for the TrumpNFT collection points to the same contact address used to register domains for their other projects. Bill Zanker has co-authored books with Trump in the past.
Federal Election Commission records show that Zankers has not donated to Trump or a Trump-related entity before the end of the 2022 year.
