A College Student In Indonesia Becomes Millionaire By Selling NFT Selfies

An Indonesia-based college-going boy has been reportedly turned out into a millionaire by trading the NFT (nonfungible token) version of the selfies thereof over the NFT marketplace of OpenSea. The 22-year-old Sultan Gustaf Al Ghozali is a student of computer science from Semarang (a large city in Indonesia) who converted as well as sold more than 1,000 selfie images in the form of NFTs.

As per Ghozali, it took five years for him to take his photos from 18 to 22 of his age during the graduation period thereof. The selfies of Ghozali present him sitting or standing before the computer thereof.

The respective selfies were then transformed into NFTs to be uploaded on OpenSea in recent year’s December. Each of the NFT selfies was priced at nearly $3 without demanding interest from the steady purchasers.

While describing the expressionless images thereof, Ghozali stated that the respective images could be changed and modified into anything such as flipping as well as the other such things however, he suggested, his photos should not be abused because his parents will get much disappointed over him. He added that he trusts them to utilize his images carefully.

Against his expectations, the NFT offering of Ghozali blew up because the prominent participants of Crypto Twitter provided support and purchased as well as marketed the respective NFT offerings. As a momentous rise is being witnessed in their popularity, the NFTs of Ghozali were traded for 0.247 ETH (nearly $806) on 14th January, as per AFP.

The entrepreneur additionally provided some background information to give a personalized touch to the product which makes the NFTs even rare. Above all, the selfie NFTs were traded for almost 0.9 ETH (nearly $3,000), as per a report published by Lifestyle.

The NFT collection of Ghozali subsequently obtained a cumulative trade volume counting up to $1M. Moreover, the artist recompensed his initial tax payment based on the income gathered via OpenSea.

Notwithstanding the recent lethargic performance across the market of cryptocurrency, the marketplace of NFTs as well as the industry of blockchain gaming is consistently seeing an increase in transaction volumes. It has been reported earlier that the data on DappRader signifies that the figure of UAW linked to the NFT DApps of Ethereum has elevated to more than 43% after Q3 of the recent year.

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