The sales of Donald Trump’s digital trading cards have brought in close to $1 million for the 45th President of the United States.
The former US president received between $100,000 and $1,000,000 from CIC digitized, the business behind the sale of NFTs bearing digitized pictures of Trump, according to a filing with the US Office of Government Ethics.
The document, which was submitted as part of his personal financial report to the Federal Election Commission, also revealed that the American politician made millions of dollars through speaking engagements. All presidential contenders are required to file.
Trump is listed as the “manager, president, secretary, and treasurer” at CIC Digital LLC and CIC Ventures LLC in the document, which was made on Friday.
According to the official Trump Trading Cards website, CIC Digital LLC entered into a paid license arrangement with NFT INT LLC, the organization in charge of the NFT project, to permit the use of Trump’s name, likeness, and picture.
According to the project’s website, the money earned from the NFTs won’t be utilized for Donald Trump’s campaign.
Known as “Trump Cards,” the former president’s collection of NFTs was published in December of the previous year.
The NFT collection includes a number of digital “cards” with images of Trump in well-known scenarios and stances, such as Trump clutching a basketball, Trump in space, and Trump as a chiseled wrestling champion.
The exquisite ART depicting his life and work was included in each card, which cost $99 (£81) at the time.
He said that these cards “would make a great Christmas gift.”
The whole 45,000 NFT supply was created using the Polygon layer-two scaling technology, which cooperates with the Ethereum blockchain to provide rapid transactions and low costs.
More recently, the NFT collection’s value increased as a result of the announcement that a Manhattan grand jury had decided to indict Trump.
On-chain statistics from NFT data aggregator CryptoSlam show that the initiative has sold more than $19 million worth of goods since its start.
The highest offer for a Trump NFT is currently 10 ETH, or around $20,000. The majority of the offers seem to be about 0.3 ETH, or roughly $630.
The report also revealed that Trump’s revenue from Trump Media & Technology Group, the organization that runs the former president’s favored social media network Truth Social, was less than $201.
The company’s valuation ranged from $5 million to $25 million in the filing.
Additionally, according to the filing, Trump’s 1987 autobiography “The Art of the Deal” earned him between $100,000 and $1 million.
The multibillionaire also cites eight debts totaling between $5 million and $25 million, as well as seven other mortgage obligations totaling more than $50 million apiece.
The filings collectively imply that Trump’s commercial assets are worth almost $1.2 billion. The businessman’s current net worth is more than $2.5 billion, according to Forbes.