Indonesian student becomes millionaire by selling selfies as NFT on OpenSea Marketplace


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.

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.

Interested in cryptocurrency? We discuss all things crypto with WazirX CEO Nischal Shetty and WeekendInvesting founder Alok Jain on Orbital, the Gadgets 360 podcast. Orbital is available at Apple podcast, Google Podcasts, Spotify, Amazon Music and wherever you get your podcasts.

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