These days cryptocurrency seems to be gaining a lot of traction among celebrities. Arkham Intelligence, a leading blockchain data firm, has revealed intriguing findings suggesting that former President Donald Trump may be the owner of a crypto wallet amassing substantial royalties from Non-Fungible Tokens (NFTs). The company’s recent announcement has stirred up discussions about the financial activities of the former president and his involvement in the NFT space.
According to an official statement released on Wednesday, Arkham Intelligence stated that they had reason to believe that the owner of a significant crypto wallet collecting royalties from Trump-associated NFT projects is indeed Donald Trump himself. The company’s claim was supported by a recent financial statement from August 14th, 2023, where Trump’s cryptocurrency balance was documented as $2,806,341. This amount closely mirrors the balance found in the largest royalty fee wallet linked to the Trump NFT project.
NFT Royalties Linked to Trump’s Crypto Wallet
Arkham’s revelation comes on the heels of earlier disclosures where Trump admitted to owning a cryptocurrency wallet valued at up to $5 million worth of ether. Financial disclosures published by Citizens for Responsibility and Ethics in Washington unveiled that $2.8 million in income was deposited into the wallet, and an additional $4.9 million was garnered from an NFT licensing deal with NFT INT LLC, the company behind the notable NFT drops that garnered substantial attention throughout the past year.
These figures significantly outweigh the previously reported $500,000 earnings, shedding light on the substantial financial success of the Trump-branded NFT project. The project, encompassing two separate NFT drops, has managed to sell tens of thousands of NFTs for $99 each. The first series alone has amassed over $26 million in trading volume, as confirmed by OpenSea data.
The identity of the project’s operator has been a subject of speculation since its initial launch. While the official NFT INT LLC website asserts that the project is not owned or controlled by Trump and is the outcome of a licensing deal permitting the use of his image, the corporate listing for NFT INT LLC reveals no direct connection to Trump. Instead, the company appears to be a shell corporation based in Delaware, albeit listing a Utah address.
Remarkably, it was revealed that Trump is listed as the manager, president, secretary, and treasurer of CIC Digital LLC, a company tied to the NFT project. This further adds weight to the speculation that the former president has more direct involvement in the project than initially indicated.
As Arkham Intelligence continues to track the blockchain activities and delve into the intricate web of ownership, the veil surrounding the identity behind the Trump-associated NFT project may soon be lifted, offering a comprehensive understanding of the former president’s foray into the burgeoning world of cryptocurrencies and NFTs.