Indonesian Student Becomes a Millionaire Selling Selfies as NFTs on OpenSea Marketplace

The trade volume of the college student’s NFT collection reached ETH 317 or $1,041,325 (roughly Rs. 7.73 crore), making him a millionaire.

Indonesian Student Becomes a Millionaire Selling Selfies as NFTs on OpenSea Marketplace

Photo Credit: Twitter/ Sultan Gustaf Al Ghozali

The Indonesian student had requested people to not abuse him even if they did not like his images

Highlights
  • Ghozali had taken these images between ages 18–22
  • He converted them into NFTs, not expecting them to go viral
  • Some images were sold for as high as $3,000 (roughly Rs. 2.22 lakh)

In the last one year, several elements of the crypto space have witnessed a boom in adoption and one of these are digital collectibles called non-fungible tokens (NFTs). Sultan Gustaf Al Ghozali, a 22-year-old Indonesian college student has made the most of it, churning out over a million dollars by selling NFTs. The computer science student from Semarang, Indonesia, converted nearly 1,000 of his selfies taken over the course of five years into NFTs and sold them on OpenSea marketplace.

In a bid to be able to revisit his college days later, Ghozali had taken a rather expressionless selfies sitting or standing in front of his computer each day between the ages 18 and 22. He turned these images into NFTs and put them on OpenSea for sale, pricing each at $3 (roughly Rs. 222).

Ghozali's NFT collection reached a total trade volume of ETH 317 or $1,041,325 (roughly Rs. 7.73 crore), making him a millionaire overnight, a report by Lifestyle Asia said.

In a tweet, Ghozali urged people to refrain from abusing his pictures or else his “parents would be disappointed.”

“You can do anything like flipping or whatever but please don't abuse my photos or my parents will very disappointed in me. I believe in you guys so please take care of my photos,” he said.

At its peak, some of Ghozali's selfie NFTs sold for ETH 0.9, amounting to around $3,000 (roughly Rs. 2.22 lakh).

The youngster has 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 not exist in real life, including sketches, paintings, and video games, among other things.

In the third quarter of 2021, NFT sales volume surged to $10.7 billion (roughly Rs. 79,820 crore), up by over eightfold from the previous quarter, according to data from market tracker DappRadar.

Surging sales and hefty prices on NFTs have baffled many but the multi-fold growth shows little or no depreciation whatsoever.


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 on Apple Podcasts, Google Podcasts, Spotify, Amazon Music and wherever you get your podcasts.

Cryptocurrency is an unregulated digital currency, not a legal tender and subject to market risks. The information provided in the article is not intended to be and does not constitute financial advice, trading advice or any other advice or recommendation of any sort offered or endorsed by NDTV. NDTV shall not be responsible for any loss arising from any investment based on any perceived recommendation, forecast or any other information contained in the article.

(This story has not been edited by NDTV staff and is auto-generated from a syndicated feed.)

Comments

For the latest tech news and reviews, follow Gadgets 360 on Twitter, Facebook, and Google News. For the latest videos on gadgets and tech, subscribe to our YouTube channel.

Further reading: Non-Fungible Token, NFT, Ether, OpenSea
Radhika Parashar
Radhika Parashar is a senior correspondent for Gadgets 360. She has been reporting on tech and telecom for the last three years now and will be focussing on writing about all things crypto. Besides this, she is a major sitcom nerd and often replies in Chandler Bing and Michael Scott references. For tips or queries you could reach out to her at RadhikaP@ndtv.com. More
Flipkart Big Saving Days Sale 2022 Goes Live: Best Offers on Mobile Phones, Electronics
Samsung Galaxy S21 FE Gets January 2022 Android Security Patch in First Update in India
Share on Facebook Tweet Snapchat Share Reddit Comment
 
 

Advertisement

Advertisement

© Copyright Red Pixels Ventures Limited 2022. All rights reserved.