12 year old boy makes £ 290,000 from NFT whales

12-year-old boy makes £ 290,000 from NFT whales
12-year-old boy makes £ 290,000 from NFT whales

12-year-old boy from London made around £ 290,000 during his school holidays by creating a series of pixel art called “The Strange Whale” and selling non-fungible tokens (NFT). With NFT, works of art can be “encrypted” to create a digital certificate of ownership that can be bought and sold.

They usually do not provide buyers with their actual artwork or copyrights. Benjamin Ahmed stores his earnings in the form of Ethereum, the cryptocurrency in which they were sold. This means that its value can increase or decrease. And the authorities won’t get support if the e-wallets they are in are hacked or compromised. You’ve never had a traditional bank account.

 

Benjamin’s extremely proud classmates are still unaware of his newfound cryptocurrency fortune, despite the fact that he posted videos on YouTube about his hobbies, as well as swimming, badminton and taekwondo. “My advice to other kids who might want to get into this space is not to.

He said: “Force yourself to write code, maybe because colleagues are pushing you, for example, if you love to cook, to cook, if you love to dance, dance, try your best.” Benjamin’s father, Imran, a software developer in traditional finance, he encouraged Benjamin and his brother Yousef to start programming at the age of 5 to 6.

 

12 year old boy makes £ 290,000

 

He already has the advantage of a strong network of technical experts who can find advice and help, but he is very proud to take them more seriously. They quickly realized that they are very receptive and really good.

 

This is not to say that I will learn to program in three months. The boys did their programming homework for 20 or 30 minutes a day, even on vacation, he says.

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Weird Whales is Benjamin’s second digital art collection after an earlier Minecraftin-style set that sold for less.

 

Minecraftin-style set that sold for less

This time he took inspiration from the famous whale pixel meme and the popular digital art style, but he used his own software to create a set of 3,350 fish elephant emojis. … “It was interesting to watch them hatch when they appear on my screen, spawn slowly,” he said. Benjamin is working on his third super-protective collection.

 

He also wants to play a “water game” with whales. “It was amazing,” he said. Imran is “confident” that his son is not violating copyright laws and has hired a lawyer to “audit” his work and get advice on how to register his own designs.

 

The art world is divided according to current NFT trends; Artists say they are a useful additional source of income, and there are many high-yielding stories, but there are skeptics as to whether they are a realistic long-term investment.

 

Auction house Charles Allsopp BBC News bought them “it doesn’t make sense.” “The idea of ​​buying something that isn’t there is strange,” he said earlier this year. “Those who are investing little money in this, but I hope you are not wasting your money.

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