• In One Day, a 12-Year-Old Made Over $160,000 in Ethereum on NFTs

  • A 12-year-old sold a series of original NFT icons for over $160,000 this week, indicating that there is a market for tweens interested in crypto.

    The youngster is Benyamin Ahmed, and the NFT collection is Weird Whales—a set of pixelated whale symbols inspired by a stock image. He’s based in Pinner, a London suburb described as “small, quaint, and dreary”.

    “I was initially fascinated in the NFT space because I felt it would be nice as an online flex,” Ahmed explained. He opted to code his own collection after gaining “respect” for the digital-first art approach of popular NFT collections such as CryptoPunks and Bored Ape Yacht Club.

    An NFT is a type of cryptocurrency that can be attached to files on the internet and sold as proof of ownership to the unwary. They’ve been there for a long time, but it’s only been in the last six months that they’ve gained popular attention; in March, the Wall Street Journal featured a $69 million sale of an NFT by digital artist Beeple on the first page.

    Each Weird Whale image comes with a variety of individual “traits,” some rarer and more valuable than others, similar to CryptoPunks and Bored Ape Yacht Club. RaritySniper.com lists the 1205th image in the collection as the seventh rarest of the 3350 total Weird Whale NFTs, and it recently sold for roughly $6,000 on the secondary market.

    Imran, Ahmed’s father, is a web developer for the London Stock Exchange Group, and he taught Benyamin and his brother HTML and CSS when they were “5 or 6.” The twins have recently started perfecting their coding talents on Codewars, an online coding platform.

    Weird Whales had their start when one of the developers of another alliterative NFT project, Boring Bananas, handed him an annotated Python script with a template for making his own tiered graphics.

    “I told him, ‘Look, you need to modify the variable names here, so when they have bananas and backgrounds and stuff, you need to replace it with yours,” his father explained.

    Weird Whales got popular thanks to some excellent networking with the Boring Bananas crew, and Ahmed made 80 ETH in just nine hours. He continued, “I’ve also made some money from royalties on OpenSea.” “Whenever someone buys a whale, I get a 2.5 percent cut of the sale price.”

    It’s difficult to believe that the old financial system, with its cumbersome protections and consumer protection rules, would have permitted $160,000 to fall into Ahmed’s lap without parental or guardian approval.

    Ahmed, on the other hand, claims he has no intention of spending the money anytime soon.

    He said, “I’ll probably simply HODL.”

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