President Trump made up to $1 million on NFTs

Former US President Donald Trump earned between $100,001 and $1 million through NFTs, according to an April 14 filing.

According to the filing, President Trump has served as the “manager, president, secretary and treasurer” of CIC Digital LLC since March 2022. That company granted NFT INT LLC a license to use his name, likeness and likeness in the widely publicized “Trump” Digital collection card” NFT collection.

The filing further revealed that President Trump earned over $5 million from speaking engagements. He also earned less than $201 from Trump Media & Technology Group – the company behind Truth Social.

President Trump NFTs

The President Trump NFT is a collection of 45,000 pieces of digital art that launched in December 2022. The collection had lured the community with its supposed connection to the former president and sold out on launch day.

Since then, the collection has seen its value affected by media coverage surrounding Trump, reaching an all-time high of 0.675 ETH in February, according to Coingecko data. For context, the collection’s sales volume more than doubled before the former president’s trial in New York City.

CryptoSlam’s data showed that the collection has a total trading volume of over $19 million – an indication of the level of interest it generated in the community.

Meanwhile, several controversies have plagued the collection since its launch. There have been allegations of insider trading of the rarest NFTs in the collection, along with reports of stolen art.

Who owns the collection?

The New York Times linked the NFTs to serial entrepreneur Bill Zanker who has worked with Trump before. According to the report, a significant portion of the sales proceeds had been pledged to Trump.

In addition to that, the NFT INT LLC Wyoming address has been linked to shell companies in the past.

Meanwhile, the collection’s official website states that it is “not owned, managed or controlled by Donald J. Trump, The Trump Organization, CIC Digital LLC or any of their respective principals or affiliates.” The website also added that the NFTs “are not political and have nothing to do with any political campaign.”

Trump faces 34 felony counts in New York for falsifying business documents. He is also facing multiple investigations into his actions during his time as president.