LIFESTYLE
12-Year-Old Boy Makes NFTs During The School Holidays, Made RM1.6mil
While most 12-year-olds around the world are busy playing games or watching television during their school holidays, one 12-year-old from London has broken the boundaries by creating his own line of non-fungible tokens (NFTs) or crypto tokens.
Benyamin Ahmed’s father said his sons learnt coding at the age of five and six which eventually led to the creation of the NFTs.
According to a report in several news outlets including BBC, Benyamin learnt about NFT only this year and was blown away by the fact that people are willing to pay for it.
"I first learned about NFTs earlier this year.
"I got fascinated with NFTs because you can easily transfer the ownership of an NFT by the blockchain,” he told CNBC.
That’s when he created his first line of NFTs called Minecraft Yee Haa which was a collection of 40 pieces inspired from the popular video game Minecraft.
Unfortunately, the Minecraft NFTs didn’t do well in the market.
When you fail, you try again
Benyamin then spent his school holidays working on his second set of NFTs inspired by whales.Whale #1088 was sold for 0.7 ETHhttps://t.co/K1mFxbNkkN— Weird Whales Bot (@WeirdWhalesBot) September 3, 2021
Called Weird Whales, the NFTs feature 3,350 unique digital portraits featuring cartoon whales, each one coming with its own unique theme and colour scheme. Luckily his determination paid off this time around.
Benyamin’s entire collection sold off in just nine hours, gaining around 80 Ether (ETH), currently worth just under US$250,000 (RM1,037,000)
The report said he also earned extra ETH on OpenSea from sell-on fees.
To date, Ahmed has already earned around an extra 30 ETH (currently US$95,000) from these fees and is set to take his total earnings up to US$400,000 (RM1,660,000) in total by the end of August.
The boy is going to go far!
Came across my first design for the Weird Whales website.?#NFT #NFTCommunity #weirdwhalesHow It Started ⬇️ How It's Going ⬇️ pic.twitter.com/j2fydFIRks— Benyamin | benoni.eth (@ObiWanBenoni) August 17, 2021
However, the financially savvy boy didn’t want to spend it.
“I plan to keep all my ether and not convert it to fiat money.
“It might be early proof that, in the future, maybe everyone doesn’t require a bank account and just has an Ether address and a crypto wallet,” he said.
In fact, Benyamin is already working on his third line of NFTs.
"When people buy Weird Whales, they're investing in me and my future.
"If I carry on as I've been, I might end up like other tech entrepreneurs out there like Elon Musk and Jeff Bezos."
The boy is on another league!
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