The Cryptosphere Is Shocked by Trump’s Impressive $1 Million Profit From NFTs Sales
Key Points:
- NFTs under the Trump moniker netted Donald Trump anywhere from $100,000 to $1 million.
- The assortment of advanced collectibles highlighting the previous president’s resemblance has done more than $19 million in deals since its beginning.
- The number of active wallets holding Trump NFTs has decreased by 13% to 208 over the past week.
The sale of Trump-branded non-fungible tokens (NFTs) may have netted former President Donald Trump a substantial profit, according to a filing from the U.S. Office of Government Ethics.
These computerized collectibles, which highlight the 45th president’s resemblance, were delivered in December and sold out soon. Since then, news of Trump’s arraignment in New York has increased the value of the collection.
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According to the filing, Trump is manager, president, secretary, and treasurer at CIC Ventures LLC and CIC Digital LLC, among other positions. In addition, it states that a paid licensing agreement granted NFT INT LLC permission to utilize Trump’s name, image, and likeness. According to the filing, CIC Digital LLC made “NFTs” of income, which ranged from $100,001 to $1 million.
It is important to note that speaking engagements brought in more than $5 million for CIC Ventures LLC. The Trump NFT project has sold more than $19 million since its inception, according to on-chain data from NFT data aggregator CryptoSlam. However, the number of active wallets holding Trump NFTs has decreased by 13% to 208 over the past week.
In spite of this decay, obviously the Trump NFT assortment has been a worthwhile endeavor for the previous president. The ubiquity of NFTs has simply kept on filling lately, and given the progress of the Trump NFT project, almost certainly, we will keep on seeing all the more high-profile figures enter the NFT space from now on.