Former US President Donald Trump has made headlines once again, this time for his lucrative sales of non-fungible tokens (NFTs). According to his latest financial disclosure form published by the watchdog group CREW, Trump earned between $100,001 and $1 million in income from NFT sales in 2021.
NFTs, short for non-fungible tokens, are unique digital assets that use blockchain technology to certify ownership and authenticity. In December 2021, Trump announced his first NFT collection, a series of digital “trading cards” featuring cartoon drawings of himself in various heroic postures and outfits. Despite criticism and ridicule from some of his allies, the NFTs sold out in less than a day, with a total of 45,000 NFTs being sold for $99 each.
The seller of the NFTs, NFT INT LLC, used Trump’s name and likeness under a paid licensing agreement through a company called CIC Digital LLC. It is worth noting that the NFTs were not political and had nothing to do with any political campaign, despite Trump already announcing his 2024 presidential campaign.
In addition to his NFT sales, the financial disclosure form also shows that Trump made over $5 million in income from speaking engagements through a company called CIC Ventures LLC.
It is important to mention that Trump was required to file the financial disclosure form as a candidate for federal office, as he is currently a leading contender for the 2024 Republican presidential nomination.
NFTs have become increasingly popular in the art and entertainment industries, with high-profile celebrities and artists selling NFTs for significant sums of money. Trump’s success in selling NFTs underscores the growing importance of this technology in the world of digital assets and ownership.
Conclusion
In conclusion, former President Donald Trump’s NFT sales have generated significant income for him, adding to his already substantial net worth. It remains to be seen whether he will continue to sell NFTs in the future, but one thing is for sure: NFTs are here to stay and are likely to become even more prevalent in the years to come.
