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 watchdog group Citizens for Responsibility and Ethics in Washington” (CREW).
CREW reports that Trump may have obtained the aforementioned amount from the sale of the NFTs, which launched on December 15, 2022, and showcased his life and presidential career.
The Trump collection launched at a price of $99 each, with sales limited to a maximum of 100 pieces per person. Buyers had the opportunity to win select prizes, including a VIP dinner with the former president.
The Donald Trump collection sold out in less than a day
Although the launch of NFT was widely criticized on social networks for presenting the former president with somewhat daring or extroverted outfits, the truth is that it was well received by the crypto community and its fans, since the 45,000 pieces 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 foray into NFTs, and they are for his personal use.
NFT INT LLC, the company in charge of selling the Trump cards, used his image for the sale of the digital art through a paid licensing agreement with CIC Digital LLC. Trump declared revenue of between half a million and $1 million from CIC Digital LLC.
NFTs promoted different benefits, such as exclusive one-on-one meetings with the former president, all-expenses-paid trips, video calls, autographs, and many other rewards; However, it is unknown if the company in charge of selling the NFTs has complied with delivering the promised prizes on the official website of the collection.
Interest in Trump’s NFTs continues to grow
As CryptoPotato recently reported, interest in Donald Trump’s NFTs continues to rise. Just 12 hours after his arrest on 34-felony charges related to trade fraud for undercover payments to former porn actress Stormy Daniels, his NFT sales skyrocketed.
Although Trump called the lawsuit an “insult to our country,” many users were able to take advantage of the news of his impeachment to speculate on the price of NFTs, earning a considerable return on their investment.
Minimum price of Trump digital trading cards. Image: Minimum NFT Price
During those moments of intrigue surrounding the former president’s arrest, a collector sold a card bought for less than $100, which featured Trump holding a rifle, for 0.697 ETH ($1,333 at the time). This figure represents a benefit of more than 1,000%. Not bad for one of the thousands of cards released.
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This post Donald Trump reportedly made up to $1 million from his latest NFT collection
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