Former President Donald Trump made $298,000 from NFTs

Trumps nft collection
Trumps nft collection

Former US President Donald Trump has revealed information about holding between $250,000 and $500,000 in digital assets. Such data are contained in a report to the US Government Ethics Office.

The Ethereum wallet mentioned in the document may be associated with NFT collections issued on its behalf – Trump Digital Trading Cards.

The first series of cards brought the former US president from $100,001 to $1 million.

The non-fungible tokens from the second were sold out in ten minutes, generating between $500,000 and $1,000,000 in revenue. Each asset had a starting price of $99.

Trump earned $298,000 in licensing fees from the initiative, according to the disclosure. His wallet is owned by CIC Digital, the same company through which he received commissions.

Recall that Trump first spoke about bitcoin in July 2019. Then he said that the value of the asset is extremely volatile and, in general, is not supported by anything.

Former national security adviser to the ex-president John Bolton wrote in his memoirs that Trump spoke about his dislike of cryptocurrencies back in May 2018.

Later, the former head of state noted that digital gold “looks like a scam”, and called investments in it “an expected disaster.”

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