George Wiksner, an 11-year-old who lives in Old Greenwich, Connecticut and has been called the crypto kid, is reportedly going to launch his own initial coin offering (ICO), in which he aims to raise 1,000 to 2,000 Ether for his decentralized gaming platform.
According to a report by MarketWatch, the 11-year-old sees utility in cryptocurrencies, and may be a crypto titan in the making. His daily routine includes going to school, doing homework, and working on his own startup.
“I wake up around six o’clock, and then I go to school [at] 7:30 [a.m.]. School goes to about four, and then I take the bus home around five, I do my homework and then it’s like six o’clock, I eat dinner and then I check the prices for cryptocurrencies.”
He then focuses on his startup, Pocketful of Quarters, for two hours. Pocketful of Quarters is, according to him, building a decentralized gaming platform. The platform will focus on solving a problem various gamers deal with: “stuck” credits.
Whenever gamers buy an in-game currency, they often see residual amounts of that currency stay in a game after they move on. Pocketful of Quarters aims to unlock these amounts, by making these credits a cryptocurrency that works on various different platforms. Weiksner explained that “we’re trying to make it so those coins can be used in, now, another game.”
The company is reportedly going to link up with multiple gaming providers, so the tokens are usable after its ICO. The token sale, per the 11-year-old, is aiming to raise 1,000 to 2,000 Ether, which at press time equates to about $457,000 to $915.000.
Crypto kid is not a bitcoin fan
Through a video posted by the media outlet, the crypto kid, Weiksner, revealed that he and his dad – who taught him about cryptocurrencies – aren’t really bitcoin fans. Per his words, they don’t see a lot of uses for the flagship cryptocurrency.
Taking this into account, his token is set to be usable on various platforms. So far, he revealed he’s been rejected by at least one, who didn’t like the idea of doing business with a company led by an 11-year-old.
On the bright side, the crypto kid noted, he’s been getting a lot of media attention, which certainly can’t hurt his business. In the future, he hopes, Pocketful of Quarters will be a successful company.