Ghozali spent five years clicking selfies before his computer, which was later on exchanged NFTs and also submitted to OpenSea in December 2021.
An Indonesian university student has reportedly ended up being a millionaire by offering nonfungible token (NFT) variations of his selfies on the OpenSea NFT marketplace.
Sultan Gustaf Al Ghozali, a 22-year-old computer technology trainee from Semarang, Indonesia, transformed and sold virtually 1,000 selfie images as NFTs. According to Ghozali, he took images of himself for 5 years– in between the ages of 18 and 22– as a method to review his college graduation trip.
Ghozali took selfies, either resting or standing in front of his computer, which were later converted into NFTs as well as posted to OpenSea in December 2021. The musician set the price for each and every NFT selfie at $3 without expecting passion from significant buyers. While monetizing his expressionless pictures, Ghozali claimed:
” You can do anything like turning or whatever yet please don’t abuse my photos or my moms and dads will extremely dissatisfied in me. I count on you people so please take care of my images.”
Going against his wildest expectations, Ghozali’s NFT offering exploded as noticeable participants of Crypto Twitter revealed support by acquiring as well as marketing the offerings.
With the increasing popularity, one of Ghozali’s NFT cost 0.247 Ether (ETH) on Friday worth $806 at the time of acquisition, according to AFP. The young entrepreneur additionally added a touch of customization by supplying some background information along with the selfies, which contributes to the rarity of the NFT.
A few of Ghozali’s selfie NFTs sold for 0.9 ETH, worth approximately $3,000, according to a Lifestyle Asia report. Ghozali’s collection subsequently got to a total trade quantity of 317 ETH, equivalent to greater than $1 million. The young musician likewise made his very first tax settlement on the basis of this revenue through OpenSea.
In spite of the recent sluggish performance of the general crypto market, the NFT marketplace and blockchain gaming market continues to tape high purchase volumes.
As Cointelegraph reported, DappRadar data shows that the number of unique energetic budgets attached to Ethereum NFT decentralized applications expanded by 43% because Q3 2021. Additionally, the money produced by NFT trading went from $10.7 billion in Q3 2021 to $11.9 billion in the first 10 days of 2022.
