British tween earns almost $400K on NFT sales without a bank account
British tween earns almost $400K on NFT sales without a depository financial institution account
Benyamin Ahmed created and tokenized digital pictures of whale emojis and sold them in the grade of NFTs during schoolhouse holiday.
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A 12-year-old boy from London reportedly earned nearly $400,000 by selling a series of nonfungible tokens (NFT) during the schoolhouse holidays.
In an interview with Geo.goggle box, Benyamin Ahmed shared his excitement about being able to make money online by selling NFT artworks "without having a depository financial institution business relationship." Ahmed's artwork caught attention on Twitter and somewhen went viral.
Ahmed used his school holidays to create and tokenize digital pictures of whale emojis branded as "Weird Whales," which were and then sold in the form of NFTs online. Previously, the child had tokenized a Minecraft-inspired art set up, which did not sell on the market due to low popularity.
Imran Ahmed, the begetter of the young male child, reportedly taught Benyamin and his brother to code from the age of six. Despite his son being unable to open up a bank account due to age limitations, Imran said:
"He's highly artistic, has no bank account and no accountant, therefore, he keeps his money in an online blockchain."
Moreover, the father antiseptic that the reported earnings made through NFT sales have been converted to Ether (ETH), regardless of the price fluctuations.
Related: Minting, distributing and selling NFTs must involve copyright law
The contempo NFT blast has unknowingly reintroduced uncertainty to the crypto ecosystem. Equally discussed in an opinion slice, the NFT landscape is yet to establish an infrastructure that respects copyright laws — for both the creators and purchasers.
1 of the long-term solutions for this result tin exist involving organizations that specialize in copyright cognition in NFT development. All the same, experts fence that this motion will end upwardly hampering the accessibility of NFT sales for both artists and purchasers.
Source: https://cointelegraph.com/news/british-tween-earns-almost-400k-on-nft-sales-without-a-bank-account
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