Indonesian Student Earns $1 Million By Selling NFT Selfies on OpenSea

Businessman using a digital tablet

Sultan Gustaf Al Ghozali, a 22-year-old university student from Indonesia, has made a lot of money by selling his 1,000 selfies as NFTs on OpenSea. He took the selfies to document his university life, chronicling his awkward transformation from 18 to 22 years of age.

Each of the NFTs was priced at $3, and they were never expected to generate this kind of money. In most of the selfies, Ghazali is standing or sitting in front of the computer, barely changing his posture. In December 2021, he converted all the selfies into NFTs and added some value to them by adding biographical or contextual information.

Unexpectedly, Ghozali became a millionaire as OpenSea auctioned his NFTs. He initiated the sale with the warning not to tamper with his photos. He was okay with the flipping of the photos but requested not to abuse them as this will disappoint his parents. He asked people to take care of his photos.

The crypto community played a huge part in promoting his NFTs on Twitter and marketed them so well that they reached great heights in popularity. The total trade volume hiked to 317 ETH or more than $1 million. The profits from OpenSea led the young entrepreneur to pay the first tax payment of his life.

Ghozali is not the only one enjoying the NFT surge. DappRadar reveals that in the first ten days of the year, NFT trading generated $11.9 billion, eclipsing the amount earned in the third quarter of last year.

Leave a Reply

Your email address will not be published. Required fields are marked *