Former President Donald Trump has revealed that he has earned over $1 billion from his NFT collection, which includes a series of trading cards and digital artworks. The NFTs were launched in December 2022 and sold out quickly, with some of the cards now fetching a high price on the secondary market.
Trump works with a company called CIC Digital LLC to manage his image and digital collectibles. CIC Digital LLC also has an Ethereum wallet with between 250,000 and 500,000 cryptocurrencies.
Trump’s NFT Collections
Trump’s first NFT collection, the “Trading Cards,” featured illustrations of the former president in various states of dress and poses. The cards were priced at $99 each and sold out within minutes. The collection’s floor price on OpenSea is currently 0.1274 ETH.
In January 2023, Trump launched the “POTUS Trump” NFT collection, which honored his time as president of the United States. The collection was priced at $50 each and sold out in less than an hour. The floor price for the “POTUS Trump” NFTs is currently 0.49 SOL on Magic Eden.
In April 2023, Trump launched the “Series 2 Trump Digital Trading Cards.” This collection was met with controversy after the founding team doubled the supply of NFTs right after minting started. This caused the floor price of the cards to plummet, and many collectors were unhappy.
The Future of Trump’s NFTs
It remains to be seen how Trump’s NFT collections will perform in the long term. However, the initial success of these collections suggests that there is a market for NFTs that feature well-known personalities. It will be interesting to see if Trump continues to release new NFTs in the future.
Donald Trump’s NFT collections have been a financial success, with the former president earning over $1 billion from the sales. It remains to be seen how these collections will perform in the long term, but the initial success suggests that there is a market for NFTs that feature well-known personalities.
This information is published by the NFT News media team.
