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

An Indonesian university student has supposedly end up being a millionaire by selling nonfungible token (NFT) variations of his selfies on the OpenSea NFT market.

Sultan Gustaf Al Ghozali, a 22-year-old computer technology pupil from Semarang, Indonesia, transformed as well as marketed almost 1,000 selfie pictures as NFTs. According to Ghozali, he took images of himself for 5 years — in between the ages of 18 as well as 22 — as a means to recall on his college graduation trip.

Ghozali selfies were taken resting or standing in front of his computer system, which was later on exchanged NFTs as well as published to OpenSea in December 2021. The musician established the cost for every NFT selfie at $3 without anticipating passion from severe customers. While monetizing his expressionless pictures, Ghozali claimed:

“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 account. Source: OpenSea.

Going versus his wildest assumptions, Ghozali’s NFT offering exploded as popular participants of Crypto Twitter revealed assistance by getting as well as marketing the offerings.

With the climbing appeal, among Ghozali’s NFT cost 0.247 Ether (ETH) on Jan 14. worth $806 at the time of acquisition, according to AFP. The young business owner additionally includes a touch of customization by giving some history details in addition to the selfies, which includes in the rarity of the NFT.

At its top, Ghozali’s selfie NFTs cost 0.9 ETH, worth about $3,000, according to a Lifestyle Asia record. Ghozali’s collection consequently got to a complete profession quantity of 317 ether, comparable to greater than $1 million. The young musician additionally made his very first tax obligation settlement on the basis of this revenue via OpenSea.

Related: NFT sales as well as blockchain video games remain to expand in spite of the current market depression: Report

Despite the current slow-moving efficiency of the general crypto market, the NFT market as well as blockchain video gaming market remains to tape-record high purchase quantities.

As Cointelegraph reported, DappRadar information reveals that the variety of UAW attached to Ethereum NFT DApps expanded by 43% considering that Q3 2021. In enhancement, the cash created by NFT trading went from $10.7 billion in Q3 2021 to $11.9 billion in the very first 10 days of 2022.

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