Sultan Gustaf Al Ghozali, a 22 year Indonesian student earns $1 million by selling his selfies as NFTs. He was able to do so by selling selfies of himself as an NFT on OpenSea, the world’s largest NFT marketplace.
Al Ghozali is an Indonesian college student majoring in Computer Science who lives in Semarang, the capital and largest city of Indonesia’s Central Java region. Nearly 1,000 selfie photographs have been converted and sold as NFTs by him.
He claims that between the ages of 18 and 22, he shot images of himself for five years as a method to reflect on his graduating journey. In December 2021, he transformed these selfies into NFTs and posted them to OpenSea.
What You Really Should Know
Indonesian student earns $1 million by selling his selfies Ghozali took selfies in front of his computer whether sitting or standing, which were afterwards turned into NFTs and posted to OpenSea. Without expecting serious buyers, the artist set the price for each NFT selfie at $3.
Ghozali said while marketing his expressionless images “You can do whatever like flipping or whatever but please don’t misuse my photos otherwise my parents will be really unhappy in me.” I have faith in you, therefore please look after my photos.”
Ghozali has 933 NFTs selfies on his account as of today, with 489 owners. The collection has seen 333 ETH traded, bringing the total amount to $1,107,225 at today’s price of $3,325 per token. His collection now has a floor price of 0.18 ETH ($598.50), up from a minimum price of 0.001ETH or $3 when it was first listed.
Ghozali’s NFT offering took off, well above his wildest hopes, as prominent members of Crypto Twitter expressed their support by purchasing and promoting the offerings.
He also adds a personal touch by including some background information with the pictures, which adds to the NFT selfie’s rarity. “Every NFT shot I take has a story behind it,” he said in response to a Twitter user who made one of his NFTs his profile picture.
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Despite the general crypto market’s recent sluggishness, the NFT marketplace and blockchain gaming business continue to see large transaction volumes. According to DappRadar data, the number of UAW connected to Ethereum NFT DApps has increased by 43% from Q3 2021.
Furthermore, in the first ten days of 2022, NFT trading generated $11.9 billion, up from $10.7 billion in Q3 2021.
Ghozali isn’t the only one who is benefiting from the increased interest in NFTs. According to DappRadar, NFT trading has already generated $11.9 billion in the first ten days of this year, surpassing the total amount gained in the third quarter of last year.