The non-fungible token (NFT) industry is one that has taken the world by storm in recent times, and few who have mastered the art are making six to seven figures from NFT collections. Benyamin Ahmed from London is one of such NFT creators. The 12-year-old curated a project called “Weird Whales,” an NFT collection that features 3,350 pixelated whales. After the launch of that project, the young software engineer raked in an amazing $350K worth of ether.
Benyamin Ahmed expects to make $400K with his ‘WeirdWhales’ NFT collection
According to the interview of Benyamin carried out by CNBC, the the12-year-old boy who started coding at age five made 350K worth of ether immediately after the launch and also collected 30 ether worth more than $95K from the Weird Whales’ royalties. That is, Ahmed gets 2.5% on every secondary sale of a whale.
Speaking during his interview with CNBC, Ahmed recalled how he first learned about NFTs earlier in the year. He claimed he got fascinated with NFTs because of the ease with which one can easily transfer the ownership of an NFT by the blockchain.
Weird Whales project only cost $300 in Ether transaction fees.
Ahmed also explained that he does not use a bank account to store his wealth, and that he plans to hold them in a cryptocurrency wallet and not convert it to fiat money. Claiming that this might be early signs that somewhere in the near future, maybe the use of a bank account will not be for everybody, he hopes to open an account, however, so as to be able to report taxes.
To date, Ahmed has raked in about $350K worth of ether and he has full expectations that the total will be around $400K eventually. Ahmed added that the initial capital to get the project running was around $300 in ETH fees.