{"id":599,"date":"2021-09-10T02:53:27","date_gmt":"2021-09-10T00:53:27","guid":{"rendered":"https:\/\/sculptmania.wpengine.com\/?p=599"},"modified":"2021-09-10T02:56:08","modified_gmt":"2021-09-10T00:56:08","slug":"teen-artists-are-making-millions-on-nfts-how-are-they-doing-it","status":"publish","type":"post","link":"https:\/\/sculptmania.com\/news\/teen-artists-are-making-millions-on-nfts-how-are-they-doing-it\/","title":{"rendered":"Teen Artists Are Making Millions on NFTs. How Are They Doing It?"},"content":{"rendered":"\n
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Photo: Josh White<\/em><\/figcaption><\/figure>\n\n\n\n

As stated by time.com<\/a><\/em>, Jaiden Stipp was watching a Star Wars movie at his afternoon youth group in Tacoma, Washington, last March when the bids started coming in. First it was a fragment of an Ethereum coin, worth about $300 at the time. Then it was more. Eventually Stipp\u2014who is 15 years old and will soon be starting his sophomore year of high school\u2014sold his artwork, a digital illustration of a waving, astronaut-like cartoon figure, for 20ETH. (That converted to over $30,000; it was traded a month later for nearly $60,000.) \u201cMy dad was like, \u2018No way this is actual money,\u2019\u201d Stipp says. \u201cIt seems like it\u2019s a lot of fake money being passed around. So we took some of the money out just to see what\u2019s actually real. And then at the bank. I was like, \u2018Whoa.\u2019\u201d<\/p>\n\n\n\n

Stipp had been making and selling logo designs for customers found on the social app Discord for $20 to $70. On a whim, he made his astronaut cartoon into an NFT (non-fungible token), put it up for auction, and became a blue-chip artist overnight. He\u2019s since sold four more pieces, and cashed out enough to help his parents pay off their house and cars. The rest, he invests in the early works of other young artists who are bypassing the traditional art market to find a stable of eager buyers in the world of cryptoart on the blockchain.<\/p>\n\n\n\n

\u00abRead more on time.com..\u00bb<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

As stated by time.com, Jaiden Stipp was watching a Star Wars movie at his afternoon youth group in Tacoma, Washington, last March when the bids started coming in. First it was a fragment of an Ethereum coin, worth about $300 at the time. Then it was more. Eventually Stipp\u2014who is 15 years old and will soon be starting his sophomore year of high school\u2014sold his artwork, a digital illustration of a waving, astronaut-like cartoon figure, for 20ETH. (That converted to over $30,000; it was traded a month later for nearly $60,000.) \u201cMy dad was like, \u2018No way this is actual\u2026<\/p>\n","protected":false},"author":1,"featured_media":600,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[10],"tags":[],"blocksy_meta":"","yoast_head":"\nTeen Artists Are Making Millions on NFTs. 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