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HomeTechnologyRight here’s how a 22-year-old made $1 million by promoting NFT selfies

Right here’s how a 22-year-old made $1 million by promoting NFT selfies

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Right here’s how a 22-year-old made  million by promoting NFT selfies


A 22-year-old Indonesian faculty scholar turned a millionaire by promoting his selfies as non fungible tokens (NFTs) on the OpenSea NFT market. Sultan Gustaf Al Ghozali, a pc science scholar from Semarang, Indonesia, transformed and bought almost 1,000 selfie pictures as NFTs.

For the uninitiated, NFTs are digital collectibles equivalent to artwork, music, gif, and so forth, which works on Blockchain expertise that can not be duplicated. Whereas anybody can view the asset in query, solely the client can say they’re the “official” proprietor.

In a tweet Ghozali mentioned that he took pictures of himself for 5 years from 2017 to 2021— as a method to look again on his commencement journey. Ghozali took selfies both sitting or standing in entrance of his pc, which he later reworked into NFTs and uploaded to OpenSea market in December 2021.

The 22-year old-student set the worth for every NFT selfie at $3 to start with. Nonetheless, A few of Ghozali’s selfie NFTs had been bought for ETH 0.9, amounting to round $3,000 (Rs 2.22 lakh approx). Ghozali took to Twitter and mentioned: “You are able to do something like flipping or no matter however please don’t abuse my pictures or my dad and mom will very disenchanted in me. I imagine in you guys so please care for my pictures.”

In an interview with AFP, he mentioned that he nonetheless doesn’t have the braveness to inform his dad and mom in regards to the cash he made by his selfies. On the time of writing this text, the coed NFT millionaire has greater than 24,000 followers on Twitter.

In the meantime, persons are bidding 1000’s to personal these collectibles, and a few are even promoting for tens of millions. A current report by Cointelegraph revealed that folks have spent over $10 billion in NFT gross sales up to now.

Information from DappRadar information reveals that the variety of distinctive lively wallets related to Ethereum NFT decentralized functions grew by 43 per cent 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 10 days of 2022.

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