Donald Trump

President Donald Trump

<p style="text-align: justify">You can also read this news on BH NEWS: <a href="https://en.bitcoinhaber.net/trump-profits-from-nfts" data-wpel-link="internal" rel="noopener noreferrer nofollow">Trump Profits from NFTs</a><br></p>
<p style="text-align: justify">This week has witnessed significant activities in the <a href="https://en.bitcoinhaber.net/new-smartphone-emerges-with-built-in-crypto-capabilities-for-global-developing-markets" data-wpel-link="internal" rel="noopener noreferrer nofollow">Web3</a> domain. Among the noteworthy events, the fourth most expensive NFT sale went largely unnoticed. Additionally, former U.S. President Donald Trump reported substantial earnings from his NFT collections, and a CryptoPunk failed to generate expected interest at a Sotheby’s auction. Here’s a summary of the key developments in the Web3 world.</p>
<h2 id="what-happened-with-the-expensive-nft">What Happened with the Expensive NFT?</h2>
<p style="text-align: justify">The highest-priced CryptoPunk, which previously sold for $23.7 million in 2022, was transferred on August 19 for an undisclosed amount. The former owner, Deepak Thapliyal, announced the transfer via a farewell message on X, as the NFT moved to a new, untagged address. Although Thapliyal did not disclose the sale price, community speculation suggests it might have been sold at a loss. Given that an alien CryptoPunk sold for $13.36 million, some believe the sale price was in that range.</p>
<h2 id="why-did-trump-s-earnings-shock-many">Why Did Trump’s Earnings Shock Many?</h2>
<p style="text-align: justify">Former U.S. President Donald Trump disclosed earnings exceeding $7 million from his NFT collections and reported holding up to $5 million in cryptocurrency. A <a href="https://finance.coin-turk.com/" rel="noopener noreferrer nofollow" target="_blank" data-wpel-link="exclude">financial</a> disclosure obtained by Citizens for Ethics revealed that Trump’s Ethereum-based assets ranged between $1 million and $5 million. His NFT collections, including Mugshot NFTs and other trading cards, have garnered over $7.15 million. Trump’s engagement in the crypto space is drawing considerable investor attention as the upcoming presidential elections approach.</p>
<h2 id="what-went-wrong-at-the-cryptopunk-auction">What Went Wrong at the CryptoPunk Auction?</h2>
<p style="text-align: justify">Sotheby’s conducted a digital auction featuring Beeple and CryptoPunk NFTs from August 15 to August 22. Aimed at attracting a diverse group of collectors, the auction included high-quality digital art pieces. However, the anticipated highlight, a CryptoPunk, fell short of expectations. Despite the fine arts broker’s valuation between $70,000 and $100,000, the piece received only two bids below $50,000, failing to achieve the desired outcome.</p>
<h2 id="key-takeaways-from-the-week-s-events">Key Takeaways from the Week’s Events</h2>
<p style="text-align: justify">– The silent transfer of a high-value CryptoPunk suggests possible market volatility or reduced interest.<br> – Donald Trump’s impressive NFT earnings highlight the potential profitability in digital assets for high-profile individuals.<br> – The underwhelming performance at the Sotheby’s auction signals challenges in the market’s valuation of digital collectibles.</p>
<p style="text-align: justify">In conclusion, the <a href="https://newslinker.co" target="_blank" rel="noopener noreferrer nofollow" data-wpel-link="exclude">recent developments</a> in the Web3 space underscore the evolving dynamics of digital assets and their market perceptions. From high-profile NFT sales to unexpected earnings reports and auction outcomes, the landscape remains unpredictable and intriguing.</p>
<h5><span style="font-weight:bold;font-size:16px">The post first appeared on BH NEWS: </span> <a href="https://en.bitcoinhaber.net/trump-profits-from-nfts" data-wpel-link="internal" rel="noopener noreferrer nofollow">Trump Profits from NFTs</a></h5>

Trump Profits from NFTs

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