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

An Indonesian faculty scholar has reportedly turn into a millionaire by promoting nonfungible token (NFT) variations of his selfies on the OpenSea NFT market.

Sultan Gustaf Al Ghozali, a 22-year-old pc science scholar from Semarang, Indonesia, transformed and offered practically 1,000 selfie pictures as NFTs. In accordance with Ghozali, he took photographs of himself for 5 years — between the ages of 18 and 22 — as a option to look again on his commencement journey.

Ghozali selfies had been taken sitting or standing in entrance of his pc, which was later transformed into NFTs and uploaded to OpenSea in December 2021. The artist set the value for every NFT selfie at $3 with out anticipating curiosity from severe patrons. Whereas monetizing his expressionless pictures, Ghozali said:

“You are able to do something like flipping or no matter however please do not abuse my photographs or my mother and father will very upset in me. I consider in you guys so please care for my photographs.”

Ghozali’s OpenSea profile. Supply: OpenSea.

Going towards his wildest expectations, Ghozali’s NFT providing blew up as outstanding members of Crypto Twitter confirmed help by buying and advertising the choices.

With the rising reputation, one in every of Ghozali’s NFT offered for 0.247 Ether (ETH) on Jan 14. price $806 on the time of buy, based on AFP. The younger entrepreneur additionally provides a contact of personalization by offering some background data together with the selfies, which provides to the rarity of the NFT.

At its peak, Ghozali’s selfie NFTs offered for 0.9 ETH, price roughly $3,000, based on a Way of life Asia report. Ghozali’s assortment subsequently reached a complete commerce quantity of 317 ether, equal to greater than $1 million. The younger artist additionally made his first tax fee on the premise of this revenue via OpenSea.

Associated: NFT gross sales and blockchain video games proceed to develop regardless of the current market droop: Report

Regardless of the current sluggish efficiency of the general crypto market, the NFT market and blockchain gaming trade continues to report excessive transaction volumes.

As Cointelegraph reported, DappRadar information reveals that the variety of UAW linked to Ethereum NFT DApps grew by 43% since Q3 2021. As well as, the cash generated by NFT buying and selling went from $10.7 billion in Q3 2021 to $11.9 billion within the first ten days of 2022.