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NFT News

Former President Trump Cashes In on NFT Craze with Earnings of $1M

According to Trump’s financial disclosure, Trump made between $100,001 and $1 million in income from NFTs

Written By Dhara Chavda
Published 2023-04-17
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Former President Trump Cashes In on NFT Craze with Earnings of $1M

The Former President of the USA, Donald Trump made between $100,001 and $1 million in income from NFTs last year, according to his financial disclosure by CREW.

Trump in December announced his first NFT collection featuring cartoon drawings of him in various heroic postures and outfits such as in spacesuits, superhero costumes, and more. 

Trump’s series of 45000 NFTs sold out in a day and he had teased the rollout of the $99 cards as a “major announcement,” stoking ridicule even from his allies. In January, the collections’ daily sales even rose by 800%. Though Trump mentioned that his cards are not political and have nothing to do with his campaigns as well.

NFT INT LLC, the seller of the cards, used Trump’s name and likeness under a paid licensing agreement through a company called CIC Digital LLC and Trump made $5 million income from speaking engagements through CIC Ventures LLC.

Disclaimer: The information researched and reported by The Crypto Times is for informational purposes only and is not a substitute for professional financial advice. Investing in crypto assets involves significant risk due to market volatility. Always Do Your Own Research (DYOR) and consult with a qualified Financial Advisor before making any investment decisions.

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