The Rise Of NFTs:
Non-fungible tokens (NFTs) are Digital Assets that are recorded on a blockchain, similar to cryptocurrency, such as Ethereum. NFTs, unlike other cryptocurrencies, are unique in that they may be utilised in ways that traditional cryptographic tokens like Bitcoin and Eth cannot.
Because of the current "buzz" surrounding NFTs, this trend is attracting not only experts and investors, but even young teenagers. By selling their pieces of NFT art on the NFT market, both children and young teenagers may make hundreds, if not millions, of dollars.
Consumer interest drives the value of an NFT, just as it does for items in our hypothetical NFT art collection. The rarity and base of interested customers impact their value, much as they do with trading cards. Although a picture can be transformed to an NFT, this does not prohibit it from being freely shared. The blockchain, on the other hand, clearly shows who owns the item. Teenagers have begun to show their creativity via their digital assets making crazy amounts during this. Artists, such as Ahmed of Weird Whales and Nyla Hayes, a 12-year-old, are selling collectible series of thousands of pieces, utilising computer generation to iterate on an idea.
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FEW TEENAGERS WHO HAVE TAKEN THE NFT ART WORLD BY STORM:
Several crypto artists have already received hundreds, if not millions, of money in exchange for their NFTs. Benyamin Ahmed a twelve year old is the most recent artist who profited crazy amounts after he sold his "Weird Whales" (a collection of 3,350 digital whales) collection of NFT art for over £290,000. Because there are only 3,350 pixelated whales in the collection, Weird Whales is akin to NFT initiatives like CryptoPunks.
Ahmed has made approximately $350K in ether thus far, and he estimates that the total will be around $400K. According to Ahmed, the project's first funding was about $300 in ETH fees.
2. Jaiden Stipp.
Jaiden Stipp is another example of a young crypto artist. By making and selling NFTs, he has already made thousands of dollars at the age of 15. He began by selling a fragment of an Ethereum token, which was valued approximately $300 at the time, on the spur of the moment (March 2021). He eventually generated a digital image of a waving cartoon astronaut, which he sold for 20 ETH (translated to about $30,000, and then exchanged for over $60,000 a month later). Stipp has been designing logos for clients he discovered on Discord and selling them. He created the cartoon astronaut on the spur of the moment, converted it into an NFT, auctioned it, and suddenly became a blue-chip artist.
Since then, he's sold four more pieces and put the money towards his parents' mortgage and car payments. In addition, the artist has been reinvesting his earnings in the early works of other emerging artists.
3. Erin Beesley
Erin Beesley, a North Carolina-based crypto artist who learnt about NFTs while playing the online game CryptoKitties. She's been an artist since she was a kid, and she learned to code in 2019.
Beesley currently uses her own programming to produce generative NFT art, pictures, and movies. Her NFT art is now for sale on the SuperRare marketplace for 14 ETH (about $50,000). She's been quite cautious in publishing and selling her work. She's also put money back into both NFTs and tangible art. Generic art has existed for decades, but programmed pieces like Beesley's are particularly well suited to today's digital environment. Her NFT art, which she sells on the same site as Langlois and Stipp, is now selling for 14ETH, or approximately $50,000. She's been reinvesting in both NFTs and real art, and says she's attempting to be "slow and thorough" about publishing and selling items.
Stipp, Ahmed, Beesley, Langlois, and a slew of other NFT artists are realising that their prominence provides them an advantage in the marketplace. They and other members of their generation were up in an atmosphere where these activities were commonplace; most of them started to play video games at an early age, saw YouTube videos as children, and so on.You might say that they grew up with technology, which makes them feel at ease when they try to enter the world of NFTs. For more info visit https://www.nftically.com/blog/what-you-need-to-know-about-non-fungible-tokens/?utm_source=google&utm_medium=referral&utm_campaign=prfree