14-year-old Abigail, also known as "PeachSunday" in the realm of digital art, has sold approximately $435,000 worth of non-fungible tokens (NFT) via the Solana network.
With different characters to select from in Abigail's collection of 8,000 NFTs, the top NFT sold for 300 SOL, 299 SOL, 125 SOL, 100 SOL, and 75 SOL. A majority of the sales being made are on the White Belugie (7,980 characters), which retailed at an average sale price of 1.81SOL, according to a ZyCrypto report.
According to CoinGecko, SOL crypto was recently valued at $156.51. Solana NFT buyers will need a Solana wallet like Phantom and SOL cryptocurrency to complete a purchase. Solana’s native SOL cryptocurrency boomed in value throughout August and into early September.
Buyers of Belugie art can view their purchases in the phantom wallet app and on the Solana marketplace once they have integrated the contract, ZyCrypto reported.
Abigail claims the artwork was motivated by her passion for animals, creativity, and marine life -- particularly the endangered Beluga whale. The collection is described by Abigail as the “oh-so cutest collection of hand-illustrated, algorithmically generated NFTs available on the Solana."
The high school freshman plans to donate 10% of the profits from her primary and secondary NFT sales to beluga whale conservation organizations, and another 10% to Sunshine Kids Foundation, a children’s hospital program. Abigail also plans to adopt beluga whales and gift their sponsorship to random Belugie owners.
Benyamin Ahmed, another 12-year old artist who is blazing a trail in the NFT space with a collection called "Weird Whales," has already made sales worth over 1,800ETH -- approximately $6,773,130. Ahmed, the teen programmer who started out his project as an educational endeavor, has over 3,350 unique digital collectibles.
NFTs: What Are They?
An NFT is a unique digital asset that represents ownership of real-world and easily reproducible items like art, video clips, music, and more.
NFTs use the same blockchain technology that powers cryptocurrencies, but they're not a currency. The unit of data is stored on a digital ledger and the blockchain technology is used to establish a verified and public proof of ownership.
TheStreet's experts explain what an NFT is in this video.
TikTok To Launch New Collection of NFTs
TikTok has announced that it is launching a new collection of NFTs called TikTok Top Moments that is inspired by its own top creators and that it will use NFTs as a tool for more creator empowerment, TheStreet's cryptocurrency expert Luke Conway reported this past month.
The NFTs will be issued using the Ethereum blockchain via Immutable X, a layer 2 for NFTs on Ethereum allowing for cheaper transactions. The TikTok Top Moments will feature a selection of six "culturally significant" TikTok videos from celebrities and creators like Lil Nas X, Rudy Willingham, Bella Poarch, Curtis Roach, Gary Vaynerchuck, and more.