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Cryptocurrency News Articles

Trump's NFT series card sales revenue exceeds $22 million, licensing fees profit over $8 million

Nov 06, 2024 at 11:54 am

Since the beginning of the campaign, Trump has repeatedly expressed his support for the development of cryptocurrencies. If he successfully returns to the White House, the strict regulatory policies on the crypto market in the U.S. may undergo a transformation, injecting new vitality into the industry.

Trump's NFT series card sales revenue exceeds $22 million, licensing fees profit over $8 million

With the dust settling in the 60th U.S. presidential campaign on November 5, whether Donald Trump or Kamala Harris will ultimately move into the White House has become not only a focus of global attention but also a new change in the crypto world.

Since the beginning of the campaign, Trump has repeatedly expressed his support for the development of cryptocurrencies. If he successfully returns to the White House, the strict regulatory policies on the crypto market in the U.S. may undergo a transformation, injecting new vitality into the industry.

At the Bitcoin 2024 conference, Trump stated in his speech that if re-elected, he would ensure that the government retains 100% of its Bitcoin holdings and would classify Bitcoin as a strategic reserve asset for the United States.

Trump is not only a supporter of the crypto market but also a personal participant. During his campaign, he received donations from crypto whales and institutions and personally engaged in several crypto projects. The income from NFT and DeFi crypto projects he participated in through OEM branding has exceeded $10 million.

According to data from the Arkham platform, as of November 5, the crypto assets held in Trump's wallet address were valued at $6.15 million. At the peak in June this year, the value reached as high as $25 million, with nearly 1,000 Ethereum held, valued at $2.38 million.

Trump's active participation and significant gains in the crypto market undoubtedly bring new changes and attention to the crypto world. If Trump is elected, the impact on the crypto market will be profound.

Trump's NFT series card sales revenue exceeds $22 million, licensing fees profit over $8 million

Since 2022, Trump's branded NFT digital trading cards have released four series, with a total of over 200,000 NFTs issued. Each card is priced at $99, and the revenue from selling NFTs alone has exceeded $22 million.

First, in December 2022, Trump released his first series of NFTs—Trump Digital Trading Card NFTs. This series of NFTs was created on Polygon and features Trump in various cosplay themes, including cartoon characters like a superhero, astronaut, race car driver, and western sheriff.

This is the first series of Trump's NFTs, with each priced at $99 and a total issuance of 45,000. Buyers could participate in a lottery, meet Trump, or play golf, among other benefits. The launch of this series quickly garnered a warm market response, selling out within 18 hours and achieving sales of $4.455 million.

Additionally, the trading of this NFT series in the secondary market has been quite active. According to the latest data from Opensea, the number of addresses holding this NFT series has exceeded 140,000, with a total trading volume in the secondary market of 15,859 ETH, which, at a price of $2,600 per ETH, amounts to approximately $41.23 million.

This means that the first NFT series alone generated $4.45 million in sales revenue. Furthermore, this series also has a 10% royalty, which means the royalty income from over $40 million in trading volume amounts to over $4 million. The total income from this NFT series exceeds $8.5 million (including sales revenue and royalty income).

Perhaps seeing the considerable profits from NFTs, just four months after the first NFT series (in April 2023), the second series of Trump Digital Trading Cards (Trump Digital Trading Cards Series 2) was officially launched. This series mainly showcases Trump's tough guy image in a suit, with a total issuance of 47,000 cards, each priced at $99. It sold out in less than 5 hours, achieving sales of $4.653 million, with a current floor price of 110 POL (approximately $33).

On December 23 of the same year, Trump released the third series of NFTs (Trump Digital Trading Cards MugShot Edition), priced at $99 per card. Unlike previous series, this one has a total of 100,000 cards and mainly showcases Trump's image after his arrest. This series generated approximately $9.9 million in revenue.

In August of this year, Trump's fourth NFT series (Trump Digital Trading Cards America First Edition) went on sale. This series is themed around Trump's suit during the presidential debate with Biden, expressing a never-surrender political strategy, and includes scenes of dancing, holding Bitcoin, and standing next to a buffalo or lion, further reinforcing Trump's support for crypto.

The fourth NFT series is also priced at $99 per card, and holders can receive benefits related to the debate suit and participate in a

News source:www.chaincatcher.com

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