Are you interested in NFTs? Do you need an NFT to grow your wealth? Or how about your children? Does a toddler need an NFT?
The crypto landscape is a difficult one to navigate. Stocks are already difficult enough but now people are investing in different kinds of currency and art and all these virtual services or items that aren’t physical. It’s perplexing, sounds suspicious, and may turn a lot of people off.
Once you figure out the basics, then you think about the benefits of owning an NFT. If it has the potential to accrue all this money over time, then maybe it is suitable for your loved ones. When asking the question “does a toddler need an NFT?” you have to consider if it’s right for your long terms goals as well as your toddler’s.
In this article, we dive into the topic of NFTs and ask the question “does a toddler need an NFT?” If it’s right for your family and toddler’s future, then it may be something worth looking into.
How to Explain NFT to your Children
The NFT space is even difficult to explain to other adults. When considering the question “does a toddler need an NFT,” one has to understand it for themselves. Explaining other concepts to children can be an even trickier task.
Starting with the basics, NFTs are non-fungible tokens or digital assets like jpegs and video clips. The digital assets are represented by code recorded on a blockchain and can be sold and distributed. The blockchain, while decentralized, records the ownership and validity of each asset. NFTs have become everything from pixelized avatars to full-scale paintings to albums from musicians. The market drove the price, became massive, and it seems like a whole anomalous industry.
With that being said, explaining to your own kid may be troublesome to grasp. In a world where anything goes, how does an adult simplify a complicated idea enough for their child to understand?
If your toddler can grasp the concept of buying and trading goods, then NFTs are a simple transition. In the same way that you can go to the grocery store, buy an apple in exchange for some money, and go about your day, you can do so with a digital asset.
It might take some additional questions, but it is a typical concept with some added complexity. Your toddler might ask questions but once that is all handled, you can ask yourself “does a toddler need an NFT.”
What it’s like Raising an NFT Kid
Once you answer the question of “does a toddler need an NFT?”, there are suddenly dozens of additional questions that need to be addressed. An NFT kid is quite a label that will surely raise some eyebrows and even breed some contempt among their fellow classmates and respective parents.
If you do not care about the risk of judgment, continue by all means. In the long run, you and your toddler may be laughing all the way to the bank. This is exactly the case with Benyamin Ahmed, a ninth grader from London who is worth nearly millions of dollars in crypto. From the age of 5, Ahmed started to learn how to code and programmed his own NFTs. He created the Weird Whales NFT collection and he is now worth more than his family ever imagined.
Ahmed’s parents didn’t have to wonder “does a toddler need an NFT” but rather, how to proceed with an established NFT kid. Ahmed is traveling all across the world, living out his wildest dreams, and even did a guest lecture at Oxford–the youngest person to ever do so. He collaborated with Boring Bananas Co. and move on to creating Non-Fungible Heroes, another collection that may go even further into the media world. By collaborating with former Nickolodeon and Disney creators, these 8,888 NFTs have a chance of expanding beyond the avatar photos and making their way into movies and video games.
“We’re building something that we believe is going to have the potential to disrupt the entire media and entertainment industry,” said Ahmed in an interview with CNBC. The 12 year old added that Non-Fungible Heroes could be “the first NFT project to make it to a theater near you.”
Ahmed has had a lot of press coverage but his parents don’t get a lot of time in the spotlight. However, Ahmed sounds very pleasant by all accounts. He’s polite, responds to questions with very articulate answers, and remains humble throughout his success. Even if his parents weren’t expecting that overnight success–Ahmed made nearly $400,000 in 9 hours with his Weird Whales collection–it seems like they’ve done a terrific job so far. It seems like enough for a large down payment on a mortgage on a very large mansion.
Ahmed is a definite outlier case. Not every kid has the ambition, concentration, or will to learn coding at such a young age. If you’re thinking “does a toddler need an NFT,” you might want to make sure that you, as a parent, are handling the coding and research. However, if your kid is interested in the subject matter, then help them out.
What is Ziga Zoo?
Once you get past the “does a toddler need an NFT” question, further research is needed. Not every kid can get a Bored Ape or CryptoPunk nowadays. Rather, starting with a low-risk NFT is probably the way to go. Getting your toddler involved in an NFT that he or she deems interesting will also help them understand its value.
Zigazoo is a great avenue for NFTs geared towards children. Zigazoo is a kid-centric social network designed to keep kids safe on the internet. While Facebook was at one point developing an Instagram-like app for kids, it was not met with positive feedback. Tennis legend, mother, and regular tech investor Serena Williams is one of a few celebrity investors that is backing the app. Williams, along with Jimmy Kimmel, tells CNN that an original app made for kids is more engaging than a version of an established app “made for kids”.
“Existing social media sites were not necessarily designed with young children in mind and require parental supervision to make sure kids only consume content intended for their age group,” Williams told CNN through his publicist.
Zigazoo was started by parents Zak and Leah Ringelstein, former elementary school teachers who wanted more meaningful content for their children during the pandemic. In addition to issuing fun and appealing challenges to kids, the platform encourages NFT collections for kids.
According to the Ringelstein’s, the question of “does a toddler need an NFT” has already been answered. Using virtual currency, toddlers can purchase NFTs and use them in their content in various ways: customize their avatars, create videos showcasing their unique art, and outright own the art themselves.
Zigazoo’s education initiative allows kids to dip their toes into the digital space. If Zigazoo sounds like the right NFT program for you and your family, the question may present another problem. Rather than asking “does a toddler need an NFT?”, you might ask yourself “how do I get my toddler to get off their NFT platform?”
Apps like TikTok for Kids
If Zigazoo doesn’t seem like a suitable option, the answer to “does a toddler need an NFT?” might require a more unique path. Though Zigazoo promotes its NFT education initiative, it doesn’t seem much like a marketplace for buying and selling.
While you may have tackled the “does a toddler need an NFT” question, a toddler does not stay a toddler for long. Kids grow, interests change, and the value of ownership becomes a little bit more explored. TikTok is one of the most downloaded apps in the past few years but it may not be the safest. Triller has been known not to pay creators, producing a stressful environment for some.
Possibly the best choice for kids would be an app with a limited audience. It’s low-risk and the worst thing that can happen to a kid on there is boredom. Older apps that still have draw, like Dubsmash or Funimate, can be a good outlet for their NFT-inspired content before they can make their own decisions.
If nothing else works, Zigazoo is still a great option that encourages a straightforward answer to “Does a toddler need an NFT?” Unlike the question, are forks illegal in Canada?
Apps like TikTok for 12 Year Olds
Now that “does a toddler need an NFT?” and “does a kid need an NFT?” has been answered, the start of a kid’s teen years brings even more complications. TikTok is still very popular with teens, but the concerns remain. Even if you trust your teenager to make good decisions, anything can happen.
Preteens are more likely to explore different apps so trying something more niche and with a lower user base can be better for them. Cheez, Lomotif, and Grom Social are excellent alternatives that are growing so they can keep up with current trends but still before it becomes too crowded with sketchy individuals. The latter, Grom Social, was even founded by a preteen that was too young for Facebook.
Finding the right pathway for your NFT kid may be a complicated one, but it may be worth the patience and caution. Throughout their childhood, safety is key so they can reap the benefits of responsible diversification of assets.
