Trading News

Read The Latest News & Analysis

Twelve-year-old Boy Makes £290K From NFTs

Twelve-year-old Boy Makes £290K From NFTs
Share on:

Non-fungible Token or NFT craze is still going strong with people making money by selling the digital ownerships. A 12-Years old boy has made £290K by selling NFTs of Whale.

Benyamin Ahmed, the Son of a software engineer, has been into coding since he was little. He built his own collection of pixelated whales and sold their digital ownership. He has all his wealth in Ethereum currency. The price of Ethereum can rise or fall quickly as crypto markets are unpredictable. Nevertheless, Benyamin intends to keep his asset in digital currencies rather than converting it into fiat currencies.

Benyamin’s father was extremely proud of his son’s achievement. He taught his both sons coding at the age of five and six. The boys picked it up real quick and now do coding everyday.

Also Read: NFT Art: A Beginner’s Guide in 2021

Many people still try to wrap their heads around the concept of NFTs. The idea of buying or selling something without any  physical existence doesn’t sit well with the traditionalists. However, the market is still booming with people purchasing ownership of digital art collections for unimaginably high prices.

Benyamin created Minecraft-Inspired NFTs at start and later started generated meme based Whale images. He sold 3,350 set of whale emojis to make £290K. The boy never had any bank accounts but holds a digital wallet at the age of 12.

The boy’s father is certain that no copyrights laws were broken by his son. He has also involved a lawyer who could audit the work of his son.

The future of NFTs is still uncertain. Nonetheless, it has given a side channel for revenue generation to the Artists. The long term prospects of NFTs are not yet clear. But, the concept of digital ownership has rather shaken the world of traditional finance.

Recent News

crypto market

Robinhood’s Crypto Wallets Ready for Next Month

Robinhood's crypto wallets will roll out next month It will be a test phase for the initial customers However, more and more people can join later on Customers interesting in

crypto market

Does OpenSea have an App? Yes, but Not for Buying and Selling

OpenSea now has a mobile application available for Android and iOS operating systems The app was launched on September 17th Last week, Amazon of the decentralized internet,

crypto market

Cardano Launches Smart Contract after Alonzo Hard Fork

Cardano Launches Smart Contract after a successful hard fork The users can now create their own smart contracts on the public blockchain  The completion of Alonzo hard fork

crypto market

Solana (SOL) Secures 6th Spot on CoinMarketCap

SOL becomes the 6th biggest cryptocurrency according to market cap after a surge of 13,000% year to date At the time of this writing, Solana is trading at $182 Solana's SOL,

Let's Chat