The OpenSea NFT marketplace has made an Indonesian college student a billionaire by selling NFT versions of his selfies.
Indonesian computer science student Sultan Gustaf Al-Ghozali, 22, converted and sold approximately 1,000 selfies as NFTs for profit. To relive his high school experience, Ghozali compiled a collection of images of himself between the ages of 18 and 22.
In December 2021, Ghozali took pictures while sitting or standing in front of his computer, which were later turned into NFTs and uploaded to OpenSea. Each NFT selfie was priced at $3, assuming no serious buyers would be interested. During the marketing of his expressionless images, Ghozali commented:
You are free to use whatever you want with my images, but please do not abuse them; otherwise, my parents will be displeased. Please take care of my images since I believe in you.
Ghozali’s NFT offering exploded, well above his wildest hopes, as prominent members of the Crypto Twitter community expressed their support by acquiring and promoting the offerings.
According to AFP, one of Ghozali’s NFTs sold for 0.247 ETH on January 14th, valued at $806 at the time of purchase. In addition to the selfies, the young entrepreneur provides additional background information, making the NFT even more unique.
Ghozali’s selfie NFTs sold for 0.9 ETH, or around $3,000, at their peak, according to an article in Lifestyle Asia. As a result, Ghozali’s collection has generated more than $1 million in trading volume. Based on this money, the young artist also paid his first tax bill through OpenSea.
Despite the recent negative performance of the broader cryptocurrency market, the buying volume of the NFT marketplace and blockchain gaming industry continues to grow.