There are a lot of people who say that an Indonesian college student made a million dollars by selling non-fungible token (NFT) versions of his selfies on the OpenSea NFT market.
Student: Sultan Gustaf Al Ghozali, 22, is from Semarang, Indonesia, where he studies computer science. He made and sold nearly 1,000 selfies as NFTs.
For five years, Ghozali says, he took pictures of himself every day between the ages of 18 and 22. This was a way to look back on his graduation journey.
Uploading my photo into nft lolhttps://t.co/E3Q4sBmN26#NFT #opensea pic.twitter.com/rD51rdcpzp
— Ghozali_Ghozalu (@Ghozali_Ghozalu) January 10, 2022
Ghozali took selfies while sitting or standing in front of his computer, which were later turned into NFTs and put on OpenSea in December 2021. The artist set the price for each NFT selfie at $3, but didn’t think anyone would be interested. Ghozali said this while making money off of his expressionless pictures:
“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 didn’t expect his NFT offering to be as popular as it was, but Crypto Twitter celebrities bought and promoted it.
Ghozali happened…the year of Gozali @Ghozali_Ghozalu pic.twitter.com/HKOw7FZddj
— Arnold Poernomo (@ArnoldPoernomo) January 12, 2022
On Jan. 14, a Ghozali NFT was sold for 0.247 Ether (ETH). At the time, it was worth $806. Besides taking selfies, the young person also adds a personal touch by giving some background information with them. This makes the NFT even more rare.
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
When Ghozali’s selfie NFTs were at their best, they sold for 0.9 ETH, or about $3,000, in a report from Lifestyle Asia. Ghozali’s collection then had a total trade volume of 317 ether, which is worth more than $1 million. He also paid his first tax bill through OpenSea.
this is my first tax payment in my life https://t.co/VDa8KYYPGs
— Ghozali_Ghozalu (@Ghozali_Ghozalu) January 14, 2022
Despite the recent slowdown in the overall crypto market, the NFT marketplace and blockchain gaming industry are still seeing a lot of transactions.
Since Q3 2021, the number of UAWs connected to Ethereum NFT DApps has grown by 43%. When people traded NFTs in Q3 2021, the money they made was $10.7 billion. In the first 10 days of 2022, that money was $11.9 billion.