In a world where technology is constantly evolving, we are sometimes amazed at the unlikely success stories that emerge along the way. One such story is that of Benjamin, a 12-year-old boy from London who quickly became a millionaire trading digital images. And all while doing his math homework.
Background and early interest in crypto
Benjamin Ahmed, as his full name is, is no ordinary high school student. He grew up in a family that already had an affinity with the world of technology and crypto. His interest in digital images that can be traded or non-fungible tokens (NFT‘s) came about when a friend of his father’s bought a $27,000 Rare Pepe painting. Benjamin says, “It seemed ridiculously expensive at the time, but just a few months later my dad’s friend sold his NFT for half a million dollars. I was fascinated to think that someone would pay that much for a JPEG image!”
Success in the NFT market
The young entrepreneur has created a collection of 3,350 digital images of whales in different outfits against different colorful backgrounds. Some of these strange whales have sold for as much as $20,000 each. On choosing the whales, he said, “I chose a whale because someone has 1,000 Bitcoin (BTC) ownership is referred to as a “whale.”
After launching his Weird Whales collection in June 2021, Benjamin went viral in the NFT world. He even worked with designers who had previously worked for Marvel and Disney. To date, the collections he has worked on have sold for the incredible sum of $15 million. Benjamin personally pocketed about $1 million of that, all still held in cryptocurrencies.
Even though he’s already a millionaire, Benjamin hasn’t converted a dime of his digital fortune yet. In fact, he doesn’t even have a traditional bank account. “There is a risk that everything will go to zero, but I do not need the money yet. I am convinced that crypto prices will rise much more,” the young investor is confident.
Benjamin’s story demonstrates the explosive growth and potential of the NFT market. But more importantly, it shows the importance of engaging with technology at an early age and the impact it can have on young people’s lives. While many debate the ethical considerations of young people in the cryptocurrency market, Benjamin’s story remains an inspiration to many and a testament to the potential of the digital world.