1Bitcoiner.com

Former President Donald Trump has made a jaw-dropping amount of money from the sale of Trump-branded non-fungible tokens (NFTs), ranging from $100,001 to $1 million, according to a recent filing from the U.S. Office of Government Ethics. The digital collectibles, featuring Trump’s likeness, were released in December and sold out within a day, with the project generating over $19 million in sales since its inception.

But the sale of these NFTs has raised eyebrows and sparked controversy, with many questioning how Trump was able to pocket such a significant amount of money. The official website claims that none of the earnings from the NFT collection are going directly to Trump’s reelection campaign. Still, the filings suggest that he was able to personally profit from the project.

So, how was he able to do it? According to on-chain data from NFT data aggregator CryptoSlam, there is a 10% creator royalty fee on secondary sales of the NFTs. However, the highest offer on a Trump NFT is 10 ETH, or about $20,000, with most offers ranging in the area of 0.3 ETH (about $630). With these figures, it’s difficult to understand how Trump made so much money from the project.

The NFT INT LLC, the company behind the NFT project, has a registered address at a UPS Store in Park City, Utah, but is incorporated in Wyoming. The LLC has also been linked to shell companies and global scandals in the past. Additionally, Bill Zanker, a serial entrepreneur who co-wrote a book with Trump, has been linked to the project and pledged to share “a significant portion of any revenues from sales” with the former president.

As Twitter users and crypto enthusiasts continue to investigate the NFT project, evidence of stolen art and shady wallet addresses have also emerged, further adding to the controversy surrounding the project. While the paper trail may not be entirely clear, one thing is certain: Trump’s NFT sales have stirred up quite a storm.