-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.