During the school holidays, British tween, Benyamin Ahmed produced and tokenized digital images of whale emojis, which he then sold in the form of non-fungible tokens (NFTs).
During the school holidays, a 12-year-old child from London is said to have earned nearly $400,000 (290,000 pounds) by selling a series of nonfungible tokens (NFTs).
Benyamin Ahmed expressed his delight at the prospect of earning money online by selling NFT artworks “without the need for a bank account” in an interview with Geo.tv. Ahmed’s artwork received a lot of attention on Twitter and eventually became popular.
Ahmed used his school vacations to produce and tokenize digital images of whale emojis, which he marketed as Weird Whales, and then sold them in the form of NFTs on the internet during his free time. A previous tokenization project was a Minecraft-inspired art set, which did not sell on the market due to its poor popularity with the general public.
Benyamin’s father, Imran Ahmed, is said to have taught him and his brother how to code when they were six and seven, respectively. Despite the fact that he is not eligible to create a bank account due to age restrictions, Imran stated:
Because Benyasim is a highly creative individual who lacks a bank account and an accountant, he maintains his money on an online cryptocurrency blockchain.
Furthermore, the father highlighted that the claimed revenues from NFT sales have been converted to Ether (ETH), regardless of the fluctuations in the value of the cryptocurrency.
Unaware of it, the recent NFT craze has unintentionally brought uncertainty into the cryptocurrency industry. As discussed in an opinion piece, the NFT environment has yet to build an infrastructure that is compliant with copyright rules – for both the authors and the customers of NFT products.
One long-term answer to this problem could be the involvement of organizations that are experts in copyright knowledge in the creation of NFTs in general. Experts, on the other hand, believe that this shift will have the unintended consequence of making NFT sales less accessible to both artists and buyers.
