Donald Trump reportedly earned a six-figure income through his Trump Digital Cards NFT collection, as shown in his financial disclosure submitted last year.
According to the 2022 financial disclosure form published by the watchdog group Citizens for Responsibility and Ethics in Washington (CREW), Trump made between $100,001 and $1 million from his NFT-related ventures.
Trump, who is currently considered a leading contender for the Republican presidential nomination in 2024, was required to file this financial disclosure form as part of his candidacy for federal office.
Trump’s NFT Collection
In December, Trump announced his first-ever NFT collection. This collection featured digital “trading cards” that showcased cartoon illustrations of the former president in a variety of heroic poses and costumes.
One card, for instance, displayed Trump wearing a space suit and sunglasses, while another portrayed him as a superhero with the ability to shoot laser beams from his eyes.
Despite the initial scepticism that surrounded the $99 cards, even among some of Trump’s supporters, the collection of 45,000 NFTs sold out in less than 24 hours. The website that hosted the listing of these NFTs reported the rapid sales and high demand for the digital trading cards.
At the time of the NFT release, Trump had already announced his intention to run for president in the 2024 election. However, the website selling the cards took care to emphasize that the digital trading cards were not intended as political statements and were not associated with any political campaign.
The sale of the cards was managed by NFT INT LLC, a company that entered into a paid licensing agreement with CIC Digital LLC to use Trump’s name and likeness for the digital trading cards. This collaboration allowed NFT INT LLC to create and market the unique collection featuring the former president, ultimately contributing to Trump’s substantial earnings from the venture.
The popularity of Trump’s NFT collection reflects the growing interest in NFTs. As a well-known public figure, Trump’s entry into the world of NFTs demonstrates the potential for high-profile individuals to capitalize on this emerging market and generate significant revenue through their unique digital creations.
Despite initial skepticism, Trump’s collection of 45,000 NFTs sold out in less than 24 hours.
The website selling the cards emphasized that the digital trading cards were not intended as political statements and were not associated with any political campaign.
What did Donald Trump’s financial disclosure reveal about his earnings from nonfungible tokens (NFTs)?
The financial disclosure submitted by Donald Trump revealed that he made a significant six-figure income, between $100,001 and $1 million, from his involvement with NFTs.
Trump’s NFT collection featured digital “trading cards” that showcased cartoon illustrations of the former president in various heroic poses and costumes.
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