The article even mentions that they are keeping the profits as Ethereum, which would be necessary as he can't cash out since the money isn't actually his.
Or what?
The collection is of 3,350 whales, according to this other source:
https://www.cnbc.com/2021/08/25/12-year-old-coder-made-6-fig...
the collection was sold in 9 hours for 255,000 US$, that makes a whale sold for around 76 US$ apiece?
EDIT:
Another question being:
>He then earned an additional 30 ether, worth over $95,000, from the resale market, since Ahmed earns a 2.5% royalty on each secondary sale.
30 ether (so we remain in this realm) corresponds to 2.5%, it should mean that secondary sales were worth 1,200 ethers.
What?
According to the CNBC article, it was sold for 80 ether. Big and important difference than being sold for $255k.
https://www.tradingview.com/symbols/ETHUSD/
Also, important distinction because this could easily be the dad and kids moving ethereum around between their own accounts.
Saying it was sold for $255k conveys a much stronger probability of it not being fake or a fraud than saying it was sold for 80 ether.
But this doesn't change the question, was it a single buyer, 3,350, or what?
BTW, if the sale happened within 9 hours it smells fishy anyway (to me).
I do not have any interest in figuring out if it was lots of buyers or 1 buyer, so I cannot address that.
That's an interesting point. It would be interesting to trace those payments to hear back from these customers, or even check if they actually exist at all.
I do not believe anyone is spending millions of actual hard-earned cash on these digital works, let alone just the NFT, which amounts to a 'digital autograph'.
To be clear, nobody is being paid in NFTs: gangsters are 'buying' NFTs from the people they owe money to.