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

An Indonesian faculty pupil has reportedly grow to be 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 pupil from Semarang, Indonesia, transformed and offered almost 1,000 selfie pictures as NFTs. According to Ghozali, he took images of himself for 5 years — between the ages of 18 and 22 — as a strategy to look again on his commencement journey.

Importing my picture into nft lolhttps://t.co/E3Q4sBmN26#NFT #opensea pic.twitter.com/rD51rdcpzp

— Ghozali_Ghozalu (@Ghozali_Ghozalu) January 10, 2022

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 critical consumers. Whereas monetizing his expressionless pictures, Ghozali said:

“You are able to do something like flipping or no matter however please do not abuse my images or my dad and mom will very upset in me. I consider in you guys so please handle my images.”

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

Ghozali occurred…the 12 months of Gozali @Ghozali_Ghozalu pic.twitter.com/HKOw7FZddj

— Arnold Poernomo (@ArnoldPoernomo) January 12, 2022

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

each #NFT picture I take has a narrative behind

This picture was taken through the second corona vaccine https://t.co/pZfJKoKuc9

— Ghozali_Ghozalu (@Ghozali_Ghozalu) January 11, 2022

At its peak, Ghozali’s selfie NFTs offered for 0.9 ETH, value roughly $3,000, in keeping with a Life-style 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 cost on the idea of this earnings by OpenSea.

that is my first tax cost in my life https://t.co/VDa8KYYPGs

— Ghozali_Ghozalu (@Ghozali_Ghozalu) January 14, 2022

Associated: NFT sales and blockchain games continue to grow despite the recent market slump: Report

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

As Cointelegraph reported, DappRadar information exhibits 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.