Good day everyone,
I hope you are all well and are having an excellent week, welcome to CryptoGod-1’s blog on all things crypto. The famed NFT collection by Donald Trump, who was known for its plagiarised images and somewhat comical collection with Trump in different poses and scenarios, has reportedly made then former President of the United States around $1 Million.
According to recent reports Donald Trump has managed to pocket a cool $1 million from the sales of his digital trading cards. The 45th president of the United States declared so in a filing with the US Office of Government Ethics, in which the company behind the NFTs, known as CIC Digital, filed that between $100,001 to $1 million was the earnings for the former president.
The filing was made as part of his personal financial disclosure with the Federal Election Commission and it also showed that Trump had made millions from his speaking engagements. Any candidate running for president of the United States is required to make this declaration.
The filing was made on Friday the 15th of April 2023 and Trump is stated as being the 'manager, president, secretary, and treasurer' of CIC Digital LLC and CIC Ventures LLC. However, on the official Trump Trading Cards website it states that CIC Digital LLC allowed NFT INT LLC (the company behind the Trump NFT project) to make use of Trump's likeness, name, and image as part of a paid licensing agreement. It is also stated on the website that the funds raised will NOT be used as part of Trumps presidential campaign.
The collection was a hit when it released, with users able to buy the NFTs with a credit card for $99 a piece in December 2022 when they launched, and the secondary market on Opensea saw them selling for double or triple the original price. Overall there were 45,000 NFTs in the collection which was released on the layer-2 Polygon network.
All in all, the project has done over $19 million in sales since its inception. The highest offer for one of the NFTs is 10 ETH, which is in and around $20,000, although the majority of the offers appear to be in the range of 0.3 ETH which is about $630.
Also noted within the filing was the fact that Trump made less than $201 in income from Trump Media & Technology Group, the company behind the former president’s preferred social media platform Truth Social. The company itself was valued at between $5 million and $25 million.
Other notable figure revealed included the 1987 memoir “The Art of the Deal” brought in between $100,000 and $1 million. Apparently Trump also has seven different mortgages on the go, with each in excess of $50 million. Of the eight he owes between $5 million and $25 million on each.
Altogether, the documents suggest that Trump’s business holdings are valued at around $1.2 billion, and according to Forbes estimates Trump is currently worth more than $2.5 billion.
Have a great day and enjoy your week ahead.
Peace. CryptoGod-1.
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