Over the past year, several items in the crypto space have seen a boom in adoption and one of them are digital collectibles called non-fungible tokens (NFTs). Sultan Gustaf Al Ghozali, a 22-year-old student from Indonesia, made the most of it, bringing in over $1 million selling NFTs. The computer science student from Semarang, Indonesia, converted nearly 1,000 of his selfies taken over the course of five years to NFT and sold them on the OpenSea marketplace.
In a bid to be able to see his college days later, Ghozali had taken rather expressionless selfies sitting or standing in front of his computer every day between the ages of 18 and 22. He turned those images into NFTs and put them on OpenSea for sale. , priced each at $3 (about Rs. 222).
Ghozali’s NFT collection has reached a total trading volume of 317 ETH or $1,041,325 (roughly Rs. 7.73 crore), making him an overnight millionaire, a report by Lifestyle Asia said.
In a tweet, Ghozali urged people to refrain from abusing her photos or her “parents would be disappointed”.
“You can do anything like flipping or whatever but please don’t abuse my photos or my parents will be very disappointed in me. I believe in you so please , take care of my photos,” he said.
It’s been 3 days and there are 331 NFTs left
sold out now because for the next few years I will not list
You can do anything like flip or whatever but please don’t abuse my photos or my parents will be very disappointed for me
I believe in you guys so please take care of my photos. pic.twitter.com/oyGGR2Aben
— Ghozali_Ghozalu (@Ghozali_Ghozalu) January 12, 2022
At its peak, some of Ghozali’s selfie NFTs sold for 0.9 ETH, or around $3,000 (roughly Rs. 2.22 lakh).
The youngster also uploaded a video collage of his selfies on YouTube, take a look:
NFTs can be based on a wide range of items that may or may not exist in real life, including sketches, paintings, and video games, among others.
In the third quarter of 2021, NFT’s sales volume jumped to $10.7 billion (about Rs 79,820 crore), more than eight times from the previous quarter, according to data from market tracker DappRadar.
Soaring sales and high NFT prices have baffled many, but multiple growth shows little to no depreciation.
Cryptocurrency is an unregulated digital currency, which is not legal tender and is subject to market risk. The information provided in the article is not intended to be and does not constitute financial advice, business advice or any other advice or recommendation of any kind offered or endorsed by NDTV. NDTV shall not be liable for any loss resulting from any investment based on any perceived recommendation, forecast or any other information contained in the article.
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