An Indonesian college student has reportedly become a millionaire by selling non-fungal token (NFT) versions of his selfies on the OpenSea NFT Marketplace.
Ghozali spent five years clicking selfies in front of his computer, which was later converted to NFTs and uploaded to OpenSea in December 2021.
22-year-old computer science student, Sultan Gustaf Al Ghozali from Semarang, Indonesia, sold 1,000 selfies on NFTs. Ghozali said he photographed himself for five years between the ages of 18 and 22 – to look back on his graduation journey.
Ghozali took selfies while sitting or standing in front of a computer, which was later converted to NFTs and uploaded to the OpenSea platform in December 2021. The artist initially priced the NFT selfie at $3 without expecting interest from serious buyers.
While doing so Ghozali said that:
“You can turn around or do anything, but please do not abuse my photos or my parents will be disappointed with me. I trust you, and thus please take care of my photos.
Contrary to his cruel expectations, Ghozali’s NFT offers gained momentum because he was supported by prominent members in Twitter’s buying and marketing Ghozali’s offerings on the NFT platform.
Thus with the growing popularity, Ghozali’s NFT was sold for 0.247 ether on January 14, AFP reports. Priced at $806 at the time of purchase. The young entrepreneur further adds a touch of personalization by providing some background information along with selfies, which also adds to the rarity of NFT.
According to Lifestyle Asia, the highest Ghozali’s selfie NFT was sold for 0.9 ETH, valued at approximately $3,000. The total commercial volume of Ghozali’s collection reached 317 ethers, exceeding $1 million. The young artist pays his first tax based on this income through the OpenSea NFT platform.
Despite the downturn in the overall crypto market, the NFT marketplace and blockchain gaming industry continues to record high transaction volumes.
Various reports suggest that since 2021 Q3 the number of UAWs connected to DappRadar data, Ethereum NFT DApps has increased by 43%. In addition, cash from NFT trading increased from $ 10.7 billion to $ 11.9 billion in the first 10 days of 2022.
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