The NFT world is just getting crazier day by day, isn't it?
Until now, you might have heard about global celebrities jumping on the NFT bandwagon, companies launching their own NFTs and even a country aiming to create its own NFT industry. But wait till you read this.
A 15-year-old teenage artist from the city of Tacoma, Washington, has reportedly made more than a million dollars from the sale of his artwork in the form of NFTs!
Also Read:?World's First NFT Restaurant To Open In New York In 2023
Washington based Jaiden Stipp created his first piece of digital artwork on a whim back February 2021, which was a moving graphic of an astronaut-skeleton hybrid waving on the moon.
And today, Jaiden has already become a full-fledged NFT artist. Ever since he sold his first piece for 20 Ethereum, which equalled around $30,000 at the time, he has created 8 single NFTs of his artwork.
He dropped his first edition sale in October 2021, when he made a new NFT artwork available to 367 collectors in a special edition format. Quickly, those editions sold out and grossed over a whopping $350,000 in primary sales directly, as per Jaiden.
Also Read:?India's First Marvel-based NFTs Ready To Launch
Upon including secondary sales, which refer to the sales between one buyer and another buyer that exclude the artist, Jaiden’s total art sales are now valued at over $1 million, as per the website cryptoart.?
The success has been an “unexpected but pleasant surprise”? to him and his family, Jaiden said.
Also Read:?5 NFT Highlights From The First Week Of January 2022
Before Jaiden stepped into the NFT world, he was designing flashy logos and album covers for his friends and acquaintances.
As per what he told Fortune “The most I had sold my work for was a $70 commission on an album cover that I made for a friend.”?
One day he saw an intriguing post about NFTs on Instagram in December 2020, and then signed up for an account on SuperRare, an online marketplace to collect and trade digital artwork. Since Jaiden was a minor, he says he had to go through a verification process.
And about a month later, as per Jaiden, he was accepted and then did as much research as he could to figure out what exactly he was getting into. His parents helped him set up everything, and a month after that he minted his first artwork.
Also Read:?From Big B & Rajinikanth To Yuvraj Singh, 2021 Was The Year Of NFT Craze For Indian Celebrities
In February 2021, when Jaiden uploaded his first NFT piece of art, he waited around a week and a half before selling it.?
He was watching a Star Wars movie in Tacoma in March 2021 when the bids started coming in.?
He had not set a price on the NFT, so he and his family opted to wait and watch different bids that came in. Then they decided to sell for 20 Ethereum, which was then worth about $30,000.?
And since then, 20 ETH has become the starting price for most of this teenager’s NFT artwork, even though bidding wars tend to mostly drive the price up.?
Referring to these bidding wars, Jaiden says “Overall, I don't really price my work myself. I let the collectors price it themselves.”
And as long as creating and selling NFTs stays so much accessible, Jaiden sees no reason why new artists won’t keep on emerging in this space.
Besides this digital artwork, Jaiden is also an accomplished painter and believes that physical art can and should happily coexist with NFTs. He even likes to include physical pieces of his artwork with all of his NFT sales.
Also Read:?This Indonesian Student’s '$3 NFT Selfies' Are Now Worth Millions!
For more of such interesting financial content and latest news,?click here.
Click here?to download CRED.