An Indonesian student has become a millionaire after his selfies were sold in the form of non-fungible tokens (NFTs) for $1 million on mainstream NFT marketplace OpenSea.
Per the report, Sultan Gustaf Al Ghozali, a 22-year-old who is currently studying computer science at a college in the central city of Semarang, Indonesia, has been taking selfies of himself sitting in front of his personal computer almost everyday for over 5 years.
Ghozali noted that he plans to use the collection of more than 1,000 selfies to make time-lapse videos for his graduation day.
He stated that he had a change of plans after researching and gaining knowledge of crypto and its underlying technology.
After learning about crypto, he then changed his initial plan by uploading the selfie collection on OpenSea under the title “Ghozali Everyday.”
The report noted that the 22-year-old began uploading his photos in late December, but sales only went up after the celebrity chef took some of the selfies last week and promoted them on his personal social media account, and in the following days, over 400 people acquired the NFT collection.
“I never thought anybody would want to buy the selfies, which is why I only priced them at $3… But on Friday one selfie was available for 0.247 of the cryptocurrency ether ($806) after demand shot up,” Ghozali said in an interview.
As of Friday, Jan 14, 2022, his selfie collection has skyrocketed to over $1 million in ether.
Ghozali said the huge sales came as a shock to him because he didn’t believe he could make that substantial amount of money from just an NFT selfie collection.
“To be honest I still haven’t got the courage to tell my parents, they would be wondering where I got the money from,” Ghozali added.
The young man has also gained popularity on Twitter with 16,000 followers, with whom he always gives daily updates on his OpenSea sales volume.
Crazy NFT Boom
There is no doubt that NFTs have been one of the hottest crypto corners in recent times. The unique, one-of-a-kind digital assets that come in different forms like artwork, music, videos, and so on have drawn the attention of investors spending huge amounts of money to own one.
In 2021, NFT sales volume surged to a significant $25 billion, according to data tracking firm, DappRadar.
Meanwhile, Bill Tai, a venture capitalist, and Kitesurfer said stocks, real estate, and other assets will get turned into NFTs in the future.
Source: https://coinfomania.com/indonesian-student-ghozali-make-1m-from-selfie-nft/#utm_source=rss&utm_medium=rss&utm_campaign=indonesian-student-ghozali-make-1m-from-selfie-nft