Connect with us
Active Currencies 14822
Market Cap $2,404,489,459,740.60
Bitcoin Share 50.70%
24h Market Cap Change $1.45

Here’s a Donald Trump’s NFT sales story you shouldn’t miss out on

2min Read

Donald Trump made as much as $1 million from the sale of his NFTs. The former U.S. President’s arraignment in Manhattan criminal court earlier this month led to a surge in the floor price of the Trump-themed digital artwork collection.

Here's a Donald Trump's NFT sales story you shouldn't miss out on

Share this article

-Former U.S. President Donald Trump made as much as $1 million from the sales of his Trump-themed NFTs.

-The floor price of the NFTs saw a considerable surge earlier this month after Trump’s arraignment in New York.

Former United States President Donald Trump’s non-fungible token (NFT) venture seems to have paid off well. The Trump-themed digital collectibles, which were launched in December last year, recently saw a price hike amid legal trouble for the billionaire businessman.

Rumors of Trump’s indictment last month led to a considerable surge in the collection’s floor price. 

Donald Trump made between $100,000 to $1 million from NFTs

According to a financial disclosure filing with the United States Office of Government Ethics, which provided a detailed account of Donald Trump’s asset holdings, the former U.S. President netted up to a million dollars from the sales of the Trump-themed digital collectibles.

The filing was reported by Citizens for Responsibility and Ethics in Washington, which is a non-profit organization that focuses on government ethics and accountability.

The filing showed that the former President held the position of Manager, President, Secretary, and Treasurer at CIC Digital LLC.

This is the same entity that entered into an agreement with NFT INT LLC, the creator of the NFT project. Under income from CIC Digital LLC, the filing further stated “$100,000 to $1 million.” An additional $5 million were raked in by CIC Ventures LLC for speaking engagements. 

Donald Trump made headlines at the end of 2022 with the unveiling of the NFTs bearing his likeness. The collection, which featured 45,000 NFTs to be minted on Polygon, sold out within 24 hours.

The digital artwork initially cost $99 but the floor price reached as high as $230 within a day of the collection’s release. The collection saw a considerable surge in sales after Trump appeared in Manhattan criminal court to be arraigned on 34 felony criminal charges. 

Share

Saman Waris works as a News Editor at AMBCrypto. She has always been fascinated by how the tides of finance and technology shape communities across demographics. Cryptocurrencies are of particular interest to Saman, with much of her writing centered around understanding how ideas like Momentum and Greater Fool theories apply to altcoins, specifically, memecoins. A graduate in history, Saman worked the sports beat before diving into crypto. Prior to joining AMBCrypto 2 years ago, Saman was a News Editor at Sportskeeda. This was preceded by her stint as Editor-in-Chief at EssentiallySports.
Read the best crypto stories of the day in less than 5 minutes
Subscribe to get it daily in your inbox.
Please check the format of your first name and/or email address.

Thank you for subscribing to Unhashed.