Home - NFT - Trump Getting Rich with NFTs-Here’s How?

James Carter

April 21, 2023

Trump Getting Rich with NFTs-Here’s How?

The 45th President of the United States, Donald Trump, has reportedly made up to one million dollars from the sales of digital trading cards featuring his likeness.

Trump Getting Rich with NFTs

The former President of the United States reportedly made between $100,001 and $1 million from CIC digitized, the business that was behind the sale of NFTs containing digitized images of Trump, according to a filing with the United States Office of Government Ethics (US Office of Government Ethics).

The document was submitted to the Federal Election Commission as part of his personal financial report, which also revealed that the American politician earned millions of dollars from speaking engagements. Candidates for President are required to submit this paperwork before the election.

According to the document that was presented on Friday, Trump is the “manager, president, secretary, and treasurer” at both CIC Digital LLC and CIC Ventures LLC. This information was gleaned from the filing.

According to the official website for Trump Trading Cards, CIC Digital LLC granted permission to NFT INT LLC, the firm that was behind the NFT initiative, to utilize Trump’s likeness, name, and image in exchange for monetary compensation through a license agreement.

On the website for the initiative, it was stated that the money that was gathered from the NFTs would not be utilized for the presidential campaign of Donald Trump.

According to what has been stated, the former President launched its collection of NFTs in December of the previous year under the name “Trump Cards.”

A number of digital “cards” are included in the NFT collection. These “cards” represent Donald Trump in a variety of classic positions and settings, such as Trump as a muscle-bound wrestling champion, Trump holding a basketball, and even Trump in space. The collection is available for purchase here.

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At the time, he stated that “These limited edition cards feature amazing ART of my Life & Career!” He also stated that the cards, which cost $99 (£81) apiece, “would make a great Christmas gift.”

There were a total of 45,000 NFTs, and each one of them was mined on Polygon, which is a layer-two scaling solution that works in conjunction with the Ethereum blockchain. Polygon enables transactions to be completed quickly and at a low cost.

Recently, following the announcement that a grand jury in Manhattan had decided to indict Trump, the price of the NFT collection experienced a significant rise.

According to on-chain data from NFT data aggregator Crypto Slam, the project as a whole has generated sales of more than $19 million since its launch. This information is presented as a whole.

The current highest offer for a Trump NFT is ten ether, which is equivalent to almost twenty thousand dollars. It seems that the majority of the offers are in the area of 0.3 ETH, which is approximately $630.

Trump Made Around $200 From Truth Social

According to the document, Trump also made less than $201 in income from Trump Networking & Technology Group, the company that is responsible for the social networking platform Truth Social, which was chosen by the previous President.

According to the statement, the valuation of the company ranged anywhere from $5 million to $25 million.

According to the report, Trump’s 1987 book titled “The Art of the Deal” garnered between $100,000 and $1 million in revenue for the former President.

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In addition, the millionaire details seven distinct mortgage obligations, each of which is in excess of $50 million, as well as eight financial obligations that range from $5 million to $25 million.

According to the filings, Donald Trump’s various business assets are estimated to be worth somewhere around $1.2 billion. According to estimates provided by Forbes, the wealth of businessmen today exceeds $2.5 billion.