When Benyamin Ahmed learned coding from his father when he was only five, he quickly fell in love with it.
Now at the age of 12, he has become a crypto expert.
His money-making venture began last year with the release of his own collection of whale-themed non-fungible tokens (NFTs). This is a unique digital artwork that you can buy and sell.
Benjamin’s colorful pixelated whale sold out in a few hours and earned around £ 110,000. This, combined with other investments, rose to £ 750,000 in a few months.
Currently, his NFT’s bizarre whale collection is trading for over $ 5 million (sold many times to others).
However, the 12-year-old has not yet withdrawn £ 1 of his fortune.
Some argue that Benjamin’s money is all tied to a cryptocurrency called Ethereum, which can be worthless if investors don’t withdraw it in time.
However, a schoolboy who lectured on NFTs at Oxford University believes it is the future of currency and, in fact, believes he sits in a huge future fortune.
Benjamin from London’s Pinner said:
“I don’t think everyone really understands that.
“But now many people know my story and I’m glad to see so many learning about NFTs for me.
“I would like to continue to introduce NFT space to many people.”
NFTs can take any form, from artwork and collectable cards to GIFs, but no two are the same, so you can go back to where you were.
So far, buyers have bombarded thousands and even millions, hoping that one day they will be even more valuable.
However, Benjamin jumps at this trend early on and believes that there is a bright future.
He continues:’I think digital versions of things always perform best in all industries.
“With digital art, you get more usefulness and certification. You can go online to see where you came from.
“Anyone can join the network here. You can be a refugee or a rich man sitting in a mansion, but it doesn’t make a difference.
“Everyone has the same rights and permits as others.”
Eventually, Benjamin plans to convert his money from cryptocurrency to pounds and start his own business-although he still doesn’t know what this will be.
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