A 22-year-old makes $1 million by selling NFTs

2021 was a wild year for the NFTs ecosystem, but 2022 has started off even wilder. Sultan Gustaf Al Ghozali, a 22-year-old computer science student from Semarang, uploaded a collection to OpenSea called “Ghozali Everyday,” which contained nearly 1,000 photos of himself. With each selfie costing 0.001 ETH, or around $3.20. 

A few days later, the majority of his NFT’s were sold, with a total trading volume of 366 ETH (approximately $1.18 million), according to his OpenSea account.

Ghozali Everyday collection

The collection is of selfies that Ghozali took between ages 18 to 22 years old (2017 – 2021). He claims that the selfies are pictures of him standing by the computer day by day, during his graduation journey. 

He said on his official Twitter account that every picture has a “story behind” it. The selfie below was taken during his second corona vaccine: 

every #NFT photo I take has a story behind

This photo was taken during the second corona vaccine https://t.co/pZfJKoKuc9

— Ghozali_Ghozalu (@Ghozali_Ghozalu) January 11, 2022

After he noticed his NFTs were being purchased at an extremely fast rate, Ghozali commented the following:

“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,”

One week after Ghozali released his collection, the cheapest NFT on sale was 0.41 ETH or $1,330, having approximately gained +40,000% in performance, in just seven days.

Will 2022 be as good as 2021 for the NFT world?

We are halfway through the first month of 2022 and over $3.2 billion in NFTs have been traded according to Dune Analytics data. This represents almost 14% of the total NFT volume during all of 2021, which was over $23 billion, according to a report of DappRadar.

Last week, an NFT marketplace called LooksRare was launched and could become an OpenSea competitor by the daily trading volume. Other big companies like Walmart and GAP just announced they are joining the NFT craze.

It appears this year is going to be even more exciting than last, according to the latest happenings in the NFT world. As more NFTs are launched on different blockchains, the NFT ecosystem will only accelerate further.