Former US President Donald Trump is not lacking in creativity to make money! Despite the 30 charges against him, he has taken advantage of the NFTS non-fungible token craze to make money. According to the watchdog group Citizens for Responsibility and Ethics in Washington (CREW), Trump pocketed $1 million from a massive sale of his NFTs.
Despite accusations, Trump’s NFT collection makes big bucks
Technological innovation can sometimes be distrusted, but some see it as a money-making opportunity. That’s the case with Donald Trump, who recently invested in the web 3 by launching his collection of 45,000 NFT chips.
According to a report of the monitoring group Citizens for Responsibility and Ethics in Washington (CREW) published last week, the former U.S. president reportedly earned between $100,000 and $1 million from the sale of his non-fungible chips. And it looks like this is just the beginning.
In December of last year, Trump launched his NFT collection, representing the different stages of his career. The tokens were initially sold for $99 a piece.
The company NFT INT LLC is responsible for the sale of the collection of Trump NFT and paid a license fee to CIC Digital LLC to use Trump’s image in digital artwork for sale. According to Trump himself, he would have received between 500 000 and 1 million dollars of contribution from CIC Digital LLC.
Trump’s legal charges: catalyst for the success of his NFTs collection?
Since its launch last December, Donald Trump’s NFT collection has not generated much buzz in the market. However, that changed after documents were filed in late March implicating Trump in several crimes, including sexual assault and fraudulent payments.
Indeed, 24 hours after the documents were filed, Donald Trump’s NFT collection rose 24 percent to a low price of about $1,000.
Donald Trump’s NFT collection offers several advantages, including:
- The opportunity to physically meet the former president
- All-expense paid trips
- Video calls with Donald Trump
- Autographs from the former president
However, there is no guarantee that these promises will actually be kept.
Despite his worrisome judicial situation, with numerous charges against him, Donald Trump continues to be interested in non-fungible chips, a technology that is gaining in popularity every day. The trial for this accusation is maintained for April 25, despite the request for a delay of one month, made by Trump’s lawyer, which was rejected by the federal court on Monday. It remains to be seen how this case will conclude.
Coming from a journalism university background, I came across Bitcoin and cryptocurrencies not long ago.
The potential of the Blockchain seduced me and I made it my research topic.