Trump has nearly $5 million in Ethereum NFT licensing fees, with revenue of nearly $4.9 million.

Trump earned nearly $4.9 million in Ethereum NFT licensing fees, totaling almost $5 million.

Author: RT Watson, THE BLOCK; Translation: Song Xue, LianGuai

According to recently disclosed financial information, former US President Donald Trump owns up to $5 million worth of Ethereum and has earned $4.9 million from NFT licensing fees.

Former President Donald Trump is starting to look like a crypto whale, with his holdings of Ethereum and income from his branded NFTs both steadily increasing.

According to certified financial disclosure information for the year 2023 released online yesterday by the Washington Citizens for Responsibility and Ethics in Washington (CREW), the wallet of this entrepreneur-turned-politician contains up to $5 million worth of Ethereum. A detailed breakdown of potential holdings specifically lists $2.8 million in income.

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Take a closer look at Part 3 of Trump’s FEC-certified 2023 financial disclosure. Source: CREW

The disclosed information also shows that Trump has earned $4.9 million from NFT licensing agreements with NFT INT LLC, the company behind two separate NFT issuances that have generated millions of dollars in sales and licensing fees.

A broader look at Part 3 of Trump’s FEC-certified 2023 financial disclosure. Source: CREW

New data shows a surge in activity

Last week’s news reports first cited information disclosed in April, showing that Trump owns up to $500,000 worth of Ethereum. The latest disclosure from the Washington website about Citizens for Responsibility and Ethics only began this month.

When asked about the recently disclosed information from August, Citizens for Responsibility and Ethics in Washington (CREW) did not immediately respond to a request for comment.

Trump’s NFTs were priced at $99, with the first drop occurring at the end of last year and the second drop in April. According to OpenSea data, trading volume for the first series has exceeded $26 million.

Royalties reflect Trump’s holdings

Brad Kay, an analyst at The Block Research, said that Trump’s two series of NFTs have earned $2.6 million in licensing fees charged in secondary sales. He said that the four-digit wallets currently holding these earnings are worth approximately $3 million in Ethereum.

Although the $2.8 million held by Trump in the application is very close to the amount held in the four wallets related to the NFT series, NFT INT LLC states on its digital trading card website that it is an independent entity.

The website states, “NFT INT LLC is not owned, managed, or controlled by Donald J. Trump. NFT INT LLC uses the name, likeness, and image of Donald J. Trump under license from CIC Digital LLC.”

According to the disclosure information released by CREW, Trump is listed as the manager, president, secretary, and chief financial officer of CIC Digital LLC.

The holding amount of Trump’s NFT collection wallet. Source: The Block Research

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