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

A college student from Indonesia has made a fortune selling NFT versions of his selfies through the OpenSea NFT marketplace.

Sultan Gustaf Al Ghozali was a 22-year old computer science student from Semarang. He converted and sold almost 1,000 selfies as NFTs. Ghozali claims that he took pictures of himself over five years, between 18 and 22, as a way of looking back at his graduation journey.

Uploading my photo into nft lolhttps://t.co/E3Q4sBmN26#NFT #opensea pic.twitter.com/rD51rdcpzp
— Ghozali_Ghozalu (@Ghozali_Ghozalu) January 10, 2022

Ghozali’s selfies were taken standing or sitting in front of his computer. These NFTs were later converted and uploaded to OpenSea on December 2021. Without expecting serious buyers, the artist set the price per NFT selfie at $3. Ghozali stated that monetizing his expressionless photos was a way to make money.

“You can do whatever you want, but please don’t abuse my photos. Or my parents will be very disappointed in me.” Please take good care of my photos.

Ghozali’s OpenSea Profile. Source: OpenSea.

Ghozali’s NFT offering was a surprise to him. Crypto Twitter users showed their support by buying and marketing the offerings.

Ghozali happened…the year of Gozali @Ghozali_Ghozalu pic.twitter.com/HKOw7FZddj
— Arnold Poernomo (@ArnoldPoernomo) January 12, 2022

According to AFP, Ghozali’s NFT was in high demand and sold for 0.247 Ether(ETH) on January 14. It was worth $806 at the point of purchase. A young entrepreneur adds personalization to the NFT by sharing some background information with the selfies.

every #NFT photo I take has a story behind This photo was taken during the second corona vaccine https://t.co/pZfJKoKuc9
— Ghozali_Ghozalu (@Ghozali_Ghozalu) January 11, 2022

According to Lifestyle Asia, Ghozali’s selfie-nFTs were worth approximately $3,000 at their peak. Ghozali’s collection reached a total volume of 317 Ethereum, which is equivalent to more that $1 million. OpenSea also provided the income for Ghozali’s first tax payment.

this is my first tax payment in my life https://t.co/VDa8KYYPGs
— Ghozali_Ghozalu (@Ghozali_Ghozalu) January 14, 2022

Related: NFT sales continue to grow and blockchain games continue their growth despite recent market slump: Report

Despite the slow performance of the crypto market overall, the NFT marketplace continues to see high transaction volumes despite the slowdown.

Cointelegraph reported that DappRadar data showed that the number UAW connected to Ethereum DApps grew 43% over Q3 2021. NFT trading also generated $10.7 billion more money than it did in Q3 2021, and $11.9 billion in the first 10 days of 2022.

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Eileen Wilson

Eileen Wilson –Technology and Energy My Name is Eileen Wilson with more than 5 years of experience in the Stock market industry, I am energetic about Technology news, started my career as an author then, later climbing my way up towards success into senior positions. I can consider myself as the backbone behind the success and growth of topmagazinewire.com with a dream to expand the reach out of the industry on a global scale. I am also a contributor and an editor of the Technology and Energy category. I experienced a critical analysis of companies and extracted the most noteworthy information for our vibrant investor network.

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