(Image credits: Reuters)
In a recent development, Arkham Intelligence, a renowned blockchain intelligence firm, has announced that it is actively monitoring a cryptocurrency wallet purportedly belonging to former President Donald Trump. This move is aimed at gaining further insights into Trump’s involvement in the world of non-fungible tokens (NFTs) and the substantial royalties he has been accumulating.
According to a series of revealing Twitter threads posted by Arkham on Wednesday, the firm claims to have uncovered a cryptocurrency wallet linked to Trump, which is reportedly amassing millions in royalty payments derived from NFT transactions.
One of the eye-catching tweets read, “Trump’s Financial Statement from August 14th 2023 quotes a cryptocurrency balance of $2,806,341. This is almost identical to the present balance of the largest royalty fee wallet associated with the [Trump] NFT project.”
This revelation comes shortly after Trump publicly confirmed ownership of a crypto wallet that stored a staggering $5 million worth of Ether, acquired through NFT licensing fees.
Certified financial disclosures for the year 2023 have shed light on the significant financial gains Trump has secured from his NFT ventures. The documents indicate that he received a substantial income of $2.8 million from the sales of his NFTs, which were directly deposited into the aforementioned wallet. Additionally, the disclosures highlight Trump’s impressive earnings of $4.9 million stemming from an NFT licensing agreement with NFT INT LLC, the company responsible for orchestrating two highly successful NFT drops that captured widespread attention over the past year.
The disclosed figures mark a significant departure from the previously reported sum of $500,000, showcasing the immense popularity and financial impact of Trump’s NFT projects.
Notably, the former president introduced his collection of NFTs, aptly named “Trump Cards,” in December of the previous year. This assortment of digital “cards” showcases Trump in various iconic poses and scenarios, including depictions of him as a robust wrestling champion, holding a basketball, and even floating in space.
Trading data from OpenSea, a popular NFT marketplace, has indicated that the “Trump Cards” series has generated an astounding $26 million in trading volume, underscoring the substantial demand for these digital assets.
Building on the success of his inaugural NFT collection, Trump unveiled his second series of “Trump Trading Cards” in August of this year. This new collection, featuring 47,000 tokens priced at $99 each, quickly sold out upon release. Notably, the second series incorporated limited one-of-one NFTs and autographed cards, adding an extra layer of exclusivity to the offerings.
The ownership of these high-profile NFT projects has been the subject of widespread speculation since their inception. On the official Trump Trading Cards website, it is disclosed that CIC Digital LLC granted NFT INT LLC permission to utilize Trump’s likeness, name, and image under a paid licensing agreement. Furthermore, the project’s website explicitly states that the funds generated from NFT sales will not be directed toward Donald Trump’s potential presidential campaign.
In an April filing, Trump revealed that he had garnered as much as $1 million from the sales of his digital trading cards, further cementing his influence and success within the burgeoning NFT market.
