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Home NFT News

Donald Trump Earned Up to $1 Million With His Most Recent NFT Collection

Hania by Hania
April 18, 2023
in NFT News
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Donald Trump Earned Up to $1 Million With His Most Recent NFT Collection
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Table Of Content:

  • Donald Trump’s Collection Was Sold Out in Less Than a Day
  • Trump’s NFTs Continue To Gain Popularity

Donald Trump, a billionaire and former US president, has proven his skill at making money once again, even using NFTs.

Data from former US President Donald Trump’s most recent financial report, as revealed by watchdog group “Citizens for Responsibility and Ethics in Washington” (CREW), shows that he may have made between $100,000 and $1 million from the sale of his 45,000-piece NFT collection.

Trump reportedly earned the previously mentioned amount from the sale of the NFTs, which were introduced on December 15, 2022, and featured his life and presidential tenure, according to CREW.

Trump’s collection was released at a price of $99 each, with sales capped at 100 pieces per person. A VIP dinner with the former president was one of the prizes that buyers could win.

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Donald Trump Earned Up to $1 Million With His Most Recent NFT Collection

Donald Trump’s Collection Was Sold Out in Less Than a Day

Although the former president’s appearance in some bold or extroverted outfits during the NFT launch drew a lot of backlash on social media, the truth is that it was well accepted by the cryptocurrency community and his supporters as all 45,000 pieces were sold out in less than a day.

The funds raised from this collection, according to Trump, were for his personal use and had nothing to do with any political work. As a result of the former president’s venture into NFTs, he was able to pocket a sizeable sum.

Read More: Donald Trump NFT Collection SOLD OUT For $4.5 Million

Through a paid licensing arrangement with CIC Digital LLC, NFT INT LLC, the company in charge of selling Trump’s playing cards, used his image for the sale of the digital art. Trump reported receiving between $500,000 and $1,000,000 from CIC Digital LLC.

Donald Trump Earned Up to $1 Million With His Most Recent NFT Collection

The NFTs promoted a wide range of rewards, including exclusive in-person meetings with the former president, expense-paid trips, video calls, autographs, and many more. However, it is unclear whether the company responsible for selling the NFTs has actually provided the benefits promised on the collection’s official website.

Trump’s NFTs Continue To Gain Popularity

Demand for Donald Trump’s NFTs is increasing. Sales of his NFTs skyrocketed just 12 hours following his arrest on suspicion of 34 offences associated with commercial fraud for allegedly making secret payments to former porn actress Stormy Daniels.

Read More: Donald Trump is Accused of placing copyrighted photos for His NFTs

Despite the fact that Trump called the lawsuit an “insult to our country,” many users were able to profit from the news of his impeachment by speculating on the price of the NFTs and making substantial returns on their investments.

Donald Trump Earned Up to $1 Million With His Most Recent NFT Collection

One collector sold a card featuring Trump holding a rifle that was bought for less than $100 during the suspense around the former president’s arrest for 0.697 ETH ($1,333 at the time). This sum reflects a profit of more than 1,000%. Not bad for one of the thousands of cards that were released.

Read More: When Trump Is In Court, His NFT Sales Hit The Sky

Tags: Donald Trump NFTNFTTrump
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Hania

Hania

Hania is a 30-year-old blogger who used to be a teacher before entering the world of writing. She is originally from India and has been writing blogs on various topics for 2 years now. Hania is particularly interested in exploring the intersections of finance, technology, and cryptocurrency. Her experience as a teacher has given her unique insights into the ways in which digital media can be used to facilitate learning and engagement. Through her writing, Hania hopes to share her knowledge and learning of crypto industry with everyone.

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