Stories NFT earnings in monetary disclosure
Collect Trump cards
Former President Donald Trump made at least six figures in revenue last year from the sale of NFTs, his new financial disclosure showed on Friday.
NFTs, short for non-fungible tokens, are unique digital assets whose ownership is recorded on a digital ledger called the blockchain.
According to his 2022 financial disclosure form released by watchdog group CREW, Trump has earned between $100,001 and $1 million from NFTs.
Trump, currently a leading contender for the 2024 Republican presidential nomination, was required to submit the form as a candidate for federal office, CREW noted.
Trump announced his first NFT collection in December – a series of digital “trading cards” featuring cartoon drawings of him in various heroic poses and outfits. For example, one card shows him in a space suit with sunglasses, while another depicts him as a superhero shooting lasers from his eyes.
The former president had touted the launch of the $99 cards as a “big announcement” and was even ridiculed by some of his allies. But the series of 45,000 NFTs sold out in less than a day, according to the website that listed them.
Trump had already announced his 2024 presidential campaign at this point. But the site explained that the cards “are not political and have nothing to do with any political campaign.”
NFT INT LLC, the seller of the cards, used Trump’s name and likeness under a paid license agreement through a company called CIC Digital LLC, according to the website.
Trump also earned more than $5 million in speaking earnings through a similarly-named company called CIC Ventures LLC, the disclosure shows.
Comments are closed.