Donald Trump reportedly made up to $1 million on his latest NFT collection
Former US President Donald Trump may have made between $100,000 and $1 million from the sale of his 45,000-piece NFT collection, according to data from his latest financial disclosure published by the watchdog group Citizens for Responsibility and Ethics in Washington (CREW).
CREW reports that Trump may have earned the aforementioned amount from the sale of the NFTs, which launched on December 15, 2022, showcasing his life and presidential career.
Trump’s collection was launched at a price of $99 each, with sales limited to a maximum of 100 pieces per person. Buyers had the chance to win select prizes, such as a VIP dinner with the former president.
Donald Trump’s collection sold out in less than a day
Although the NFT launch was widely criticized on social media for showing the former president in somewhat bold or extroverted outfits, the truth is that it was well received by the crypto community and his fans, as all 45,000 pieces were sold out in less than a day.
According to Trump, the funds from this collection had nothing to do with any political campaign, so the former president pocketed a significant sum thanks to his attack on NFTs, and they are for personal use.
NFT INT LLC, the company responsible for selling Trump’s cards, used his image to sell digital art through a paid licensing agreement with CIC Digital LLC. Trump declared income between half a million and one million dollars from CIC Digital LLC.
The NFTs promoted various perks, such as exclusive personal meetings with the former president, all-expenses-paid trips, video calls, autographs, and many other rewards; However, it is unknown if the company responsible for selling the NFTs has fulfilled to deliver the prizes promised on the collection’s official website.
Interest in Trump’s NFTs continues to grow
As recently reported by The crypto potato, interest in Donald Trump’s NFT continues to rise. Just 12 hours after his arrest on 34 felony charges related to commercial fraud for secret payments to former porn actress Stormy Daniels, sales of his NFTs increased exponentially.
Although Trump described the lawsuit as an “insult to our country,” many users were able to take advantage of the news of his impeachment to speculate on the price of the NFTs, earning significant returns on their investments.
In those moments of intrigue surrounding the former president’s arrest, a collector sold a card bought for less than $100, featuring Trump holding a rifle, for 0.697 ETH ($1,333 at the time). This figure represents a profit of over 1000%. Not bad for one of the thousands of cards released.
