Collect Trump Cards
Source: Collecttrumpcards.com
Former President Donald Trump made at least a six-figure profit selling NFTs last year, his new financial disclosure showed up on friday.
NFTs, short for nonfungible tokens, are unique digital assets that record their ownership on a digital ledger called the blockchain.
Trump made between $100,001 and $1 million in income from NFTs, according to his 2022 financial disclosure form published by watchdog group CREW.
Trump, who is currently the leading contender for the 2024 Republican presidential nomination, is required to file the form as a candidate for federal office, CREW said.
Trump in December unveiled his first NFT collection — a series of digital “trading cards” featuring cartoon drawings of him in various heroic postures and outfits. One card, for example, shows him in a space suit wearing sunglasses, while another depicts him as a superhero shooting lasers from his eyes.
The former president teased the launch of the $99 cards as a “major announcement,” drawing derision even from some of his allies. But the series of 45,000 NFTs gone in less than a day, according to the website that listed them.
By that point Trump had already announced his 2024 presidential campaign. But the site declared that the cards were “non-political and had nothing to do with any political campaign.”
NFT INT LLC, the seller of the cards, used Trump’s name and likeness under a paid licensing agreement through a company called CIC Digital LLC, according to the site.
Trump also made more than $5 million in revenue from speaking engagements through a similarly named company called CIC Ventures LLC, the disclosure shows.