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The non-fungible tokens (NFT) space has been attracting a large part of the global developersâ community and even 12-year-old kids are joining the rush. Once such 12-year-old Benyamin Ahmed coder recently joined the developersâ team of Boring Banas Co. to create an NFT collection dubbed Non-fungible Heroes (NFH).
This entire collection featuring 8,888 comic book-esque characters sold out in just 12 minutes for a record $5 million, as per the data on Dune Analytics. The NFT collection for NFH features heroes, villains, and gods, with their own storylines.
âIt was a crazy adrenaline rush. You really never know how popular your product is until you let the public at it,â Ahmed told CNBC.
Artists from Disney, Marvel and Nickelodeon created these characters, and they are now also part of the Non-fungible Heroes Team (NFH). Ahmedâs partnership with Boring Banas comes after tasting early success with NFTs through his two NFT projects that earned him $400,000 in just two months. One of the projects was the Weird Whales. Ahmed said:
âThe Weird Whales community has taught me a lot about what works and doesnât work, and so I brought the experiences I had there with me.â
Leveraging NFTs for Media and Entertainment Industry
For his contribution to the Non-Fungible Heroes (NFH) NFT Collection, Ahmed received a percentage of the sale but didnât disclose the amount. Ahmed worked as a developer on the team with his role focused on technical support.
Besides, he also contributed to creating the projectâs web applications and smart contracts through the guidance of his father, whoâs also a web developer. Ahmed said that this wasnât a âquick cash grabâ for him. He added:
âWeâre building something that we believe is going to have the potential to disrupt the entire media and entertainment industry. âIt is a crowdsourced, real-time, incredible example of how the power of Web3.0 can impact the media and entertainment industryâ.
The overall goal of the NFH project is to become âthe first NFT project to make it to a theater near youâ. The NFH team said that it will use most part of its revenue to fund this vision and grow the business.
Ahmed believes that the strength of the entire NFT space lies in the power of building communities. âCrypto is quite often seen as an exclusive club for coders and traders. However, this creative and highly educational aspect of communities is being completely overlooked,â he added.
Community-driven social media giant TikTok is also dabbling into the world of NFTs through its new creator-led NFT collection, TikTok Top Moments.
The post This NFT Collection By This 12-Year Old Generates $5 Million In Record Time appeared first on Coingape.
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