14-year-old American artist earns over $1 million from NFT collection in under 24 hours

The young American artist created a collection of 8,000 beluga NFT images and earned more than $1 million in under 24 hours.

Fourteen-year-old Abigail has loved drawing since childhood, and her 25-year-old brother Adam is a trader. It was he who explained to the teenager how NFT technology works and suggested launching a joint project.

Abigail decided to draw a beluga after seeing one at a city aquarium. Separately, she devised 167 adornments: sunglasses, caps, fur coats and more. She created most of the drawings on an iPhone 8.

They then turned to a developer who built a script to assemble belugas with the adornments. In the end, they produced almost 8,000 unique images.

Initially the works were uploaded to the decentralised storage Arweave. It cost about $5,300.

On October 16, the Belugies collection was launched on the NFT marketplace Alpha Art. The initial price of one beluga was 0.8 SOL (about $160 at the start of trading). All tokens sold out within 10 hours, and Adam and Abigail earned more than $1 million.

From each sale, the team donated 10% to Sunshine Kids, a charity for children with cancer, and another 10% to nonprofit organisations that help belugas. In total Abigail and Adam donated $200,000.

Six days later, the minimum price of one beluga on the secondary market was 0.27 SOL (about $54), and trading volume reached 7,200 SOL ($1.43 million). From the resale of each whale, the brother and sister receive a 5% royalty and had earned around $72,000.

The team will continue work on the project and plans to raffle 100 reserved belugas, as well as publish a children’s book about their characters.

Earlier in August, a British schoolboy earned around $350,000 on an NFT featuring pixel whales.

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