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Trump Earns Big From NFT Trading Card Collection Sales, According To Recent Financial Filing

Published 17/04/2023, 15:12
© Reuters.  Trump Earns Big From NFT Trading Card Collection Sales, According To Recent Financial Filing

Benzinga - Former President Donald Trump has earned up to $1 million from sales of his digital trading cards, according to a filing with the Office of Government Ethics.

What Happened: As per the report submitted, the former president of the United States reportedly earned somewhere between $100,001 to $1 million from CIC Digital.

CIC Digital is the company that was responsible for offering the NFTs showcasing digital pictures of Trump.

Additionally, the Federal Election Commission disclosed that the former politician earned a substantial sum from various public speaking engagements. This filing is mandatory for presidential candidates as part of their personal financial disclosure.

See More: Top Indian Apps That Give Bitcoin, NFT Rewards

According to a filing submitted on Friday, Trump holds the positions of “manager, president, secretary, and treasurer” at CIC Digital LLC and CIC Ventures LLC.

In December of last year, the former president launched a collection of NFTs called “Trump Cards.” This collection includes various iconic poses and situations featuring Trump as a muscle-bound wrestling champion, holding a basketball, and even as an astronaut in space.

The project’s website further clarifies that the funds raised from the NFTs will not be utilized for Trump’s presidential campaign.

The NFT collection’s value surged following the announcement of a grand jury’s decision to indict Trump in Manhattan. The current floor price of the NFTs stand at 0.39 Ethereum (CRYPTO: ETH).

Price Action At the time of writing, ETH was priced at $2,071, down 0.82% in the last 24 hours, according to Benzinga Pro.

Read More: Ethereum, Dogecoin Rise Even As Bitcoin Drops Below $30K: Why This Analyst Thinks Apex Crypto Can Hit All-Time High This Year

Photo: Shutterstock

© 2023 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.

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