Benyamin Ahmed created and tokenized digital images of whale emojis and sold them in NFT format during the school holidays.
A 12-year-old boy from London earned nearly $400,000 by selling a series of nonfungible tokens (NFTs) during the school holidays.
Geo.Tv interviewed him, Ahmed expressed his extreme happiness about making money online by selling NFT artwork “without a bank account”. Ahmed’s artwork on Twitter rabidly went viral.
Ahmed took advantage of his school holiday to create and mark digital images of whale emojis called “Weird Whales,” which were then sold online in NFT format. Earlier, Ahmed had tokenized a Minecraft-inspired art collection, which was not sold due to its low popularity in the market.
Imran Ahmed, the young boy’s father, is said to have taught Benyamin and his brother coding since he was six years old. Imran, even though his son was unable to open a bank account due to his age limit, he said that his son is very creative, and because he doesn’t have a bank account, he keeps his money in an online blockchain.
In addition, the father explained that despite price fluctuation, all the generated earnings through NFT dales were converted to Ether (ETH).
The recent unexpected incredible NFT sales have brought back uncertainty to the crypto’s ecosystem. As discussed in an article, NFT Outlook should work on developing the infrastructure to comply with copyright laws – for both creators and buyers.
One long-term solution for this problem may involve copyright organizations specializing in NFT development. Additionally, experts think that the move may ultimately restrain artists and buyers from accessing NFT sales.
