22-year-old Indonesian boy makes $1M by promoting NFT selfies on OpenSea


An Indonesian faculty scholar has reportedly change into a millionaire by promoting nonfungible token (NFT) variations of his selfies on the OpenSea NFT market.

Sultan Gustaf Al Ghozali, a 22-year-old pc science scholar from Semarang, Indonesia, transformed and bought practically 1,000 selfie photographs as NFTs. According to Ghozali, he took pictures of himself for 5 years — between the ages of 18 and 22 — as a solution to look again on his commencement journey.

Ghozali selfies had been taken sitting or standing in entrance of his pc, which was later transformed into NFTs and uploaded to OpenSea in December 2021. The artist set the worth for every NFT selfie at $3 with out anticipating curiosity from critical patrons. While monetizing his expressionless photographs, Ghozali stated:

“You can do anything like flipping or whatever but please don’t abuse my photos or my parents will very disappointed in me. I believe in you guys so please take care of my photos.”

Ghozali’s OpenSea profile. Source: OpenSea.

Going in opposition to his wildest expectations, Ghozali’s NFT providing blew up as outstanding members of Crypto Twitter confirmed assist by buying and advertising the choices.

With the rising recognition, one in every of Ghozali’s NFT bought for 0.247 Ether (ETH) on Jan 14. value $806 on the time of buy, in line with AFP. The younger entrepreneur additionally provides a contact of personalization by offering some background data together with the selfies, which provides to the rarity of the NFT.

At its peak, Ghozali’s selfie NFTs bought for 0.9 ETH, value roughly $3,000, in line with a Lifestyle Asia report. Ghozali’s assortment subsequently reached a complete commerce quantity of 317 ether, equal to greater than $1 million. The younger artist additionally made his first tax fee on the idea of this earnings by OpenSea.

Related: NFT gross sales and blockchain video games proceed to develop regardless of the latest market hunch: Report

Despite the latest sluggish efficiency of the general crypto market, the NFT market and blockchain gaming trade continues to document excessive transaction volumes.

As Cointelegraph reported, DappRadar knowledge exhibits that the variety of UAW linked to Ethereum NFT DApps grew by 43% since Q3 2021. In addition, the cash generated by NFT buying and selling went from $10.7 billion in Q3 2021 to $11.9 billion within the first ten days of 2022.

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