Beyond the popular cryptocurrencies , with Bitcoin at the forefront, this particular universe also includes non-fungible tokens ( NFTs ), a form of digital assets that can represent almost any object – a tweet, a song, a photo, a work. of art, and even genetic code – and sell for thousands of dollars.
These days it became known that a 12-year-old boy from the London suburbs, named Benyamin Ahmed, made $ 160,000 selling his Weird Whales collection, a series of images with colorful designs of pixelated whales in the form of NFTs on the Ethereum network.
Weird Whales began when one of the developers of another alliterative NFT project, Boring Bananas, sent him a script in the Python programming language annotated with a template to create his own images.
His father, who works as a web developer, accompanied him in the process of introducing his own resources: “I told him: ‘Look, you have to substitute the names of the variables here, so where they have bananas and funds and so on, you have to substitute them for yours. ‘”
“I became interested in the NFT space because at first I thought it was great as a form of expression online,” Ahmed said. It was later, after developing a “respect” for the digital art style of popular NFT collections – such as CryptoPunks and Bored Ape Yacht Club – that he decided to encode a collection of his own.
As with those collections, each Weird Whale image has a distinct set of “traits,” some more rare and valuable than others.
In particular, image number 1205 in the collection, which RaritySniper.com ranks as the eighth rarest of the 3,350 NFTs, recently sold for about $ 6,000 on the secondary market.
The Weird Whales collection had 3,350 whales and after the project went viral, they were sold in their entirety in less than 24 hours.
The rise of NFTs
Like bitcoin or ethereum, this is a kind of cryptocurrency that can be attached to files on the Internet and sold as proof of ownership.
Although they have been around for years, NFTs became popular this year and the market demonstrates this with exponential growth. In March, for example, a JPG piece by digital artist Beeple was priced at nearly $ 70 million and even made the top of the Wall Street Journal.
“I created my first [NFT] collection on OpenSea just for a bit of fun, and then I got more interested in them when BAYC and other avatar projects started coming in. I also play a lot of games, from what I can see NFTs become useful like custom masks and cosmetics, “says Ahmed.
Last month, Gajesh Naik, a 13-year-old from Goa, India, was tasked with creating his own cryptocurrency investment management program.
Last April, an NFT-protected pixel sold for $ 1.76 million at Sotheby’s auction house.
An NFT is “a non-fungible token”, a form of digital asset that is based on the same type of blockchain that bitcoins use and that became very popular this year with digital works of art, the first tweet in history and even a newspaper article that fetched sky-high prices. It is the way to digitally protect the originality of a digital artwork.
Published By : LavanGuardia