Skip to content
Search

Latest Stories

Twelve-year-old boy from London makes £290,000 from NFTs

Twelve-year-old boy from London makes £290,000 from NFTs

BENYAMIN AHMED, 12, from London has made about £290,000 during the school holidays by creating a series of pixelated artworks called Weird Whales and selling non-fungible tokens (NFTs).

Artwork can be "tokenised" using NFTs to create a digital certificate of ownership that can be bought and sold. However, they do not generally give the buyer the actual artwork or its copyright.


Ahmed is keeping his earnings in Ethereum - the form of crypto-currency his creations were being sold.

BBC reports that Ahmed's classmates are unaware of his crypto-wealth, although he has made YouTube videos about his new-found hobby during the holidays.

Ahmed's father, a software developer encouraged him and his brother, Yousef, to start coding at the ages of five and six. According to him, both his sons did 20 or 30 minutes of coding exercises a day - including on holidays.

Weird Whales is Ahmed's second digital-art collection, his earlier was Minecraft-inspired set that sold less well.

This time, he drew inspiration from a well known pixelated whale meme image and a popular digital-art style but used his own program to create the set of 3,350 emoji-type whales.

Ahmed's father says they have engaged lawyers to "audit" his work and getting advice how to trademark the designs.

More For You

US inflation

Monthly inflation rose 0.3 per cent, driven primarily by higher food and housing costs

iStock

US inflation held steady at 2.7 per cent in December amid rising cost-of-living concerns

Highlights

  • Consumer price index rose 2.7 per cent in December, matching November's rate and exceeding Fed's 2 per cent target.
  • Food prices and housing costs drove inflation higher, with polls showing Americans increasingly blame Trump administration.
  • Federal Reserve chair Jerome Powell reveals Justice Department served grand jury subpoenas amid row over central bank independence.

The United States' inflation rate remained unchanged at 2.7 per cent in December, official data revealed on Tuesday, as president Donald Trump faces mounting public concern over the cost of living.

The consumer price index (CPI) figure, released ahead of Trump's economic speech in Detroit, matched November's reading but stayed significantly above the Federal Reserve's 2 per cent target.

Keep ReadingShow less