An Indonesian student has reportedly become a millionaire by selling non-fungible token (NFT) versions of his selfies on the OpenSea NFT marketplace.
His name is Sultan Gustaf Al Ghozali an Indonesian college student who took a photo of himself everyday since 2017 at the age of 18 until 2022.
Late in December 2021, Ghozali uploaded nearly 1000 photos that he took in front of his computer to opensea.io, the artist valued each NFT selfie at $3 without expecting any interest from genuine purchasers.
Going against all odds, the popularity of Ghozaly NFTs skyrocketed after popular Crypto Twitter profiles have shown their interest by purchasing and advertising the NFTs.
With the increase in popularity one of Ghozaly’s NFTs sold for 0.247 ether (ETH) on January 14, worth $806 at the time of purchase.
It’s been reported that his earnings have reached an amount that exceeded one million, making his collection gaining even more traction after all the media attention.
According to a Lifestyle Asia post, Ghozali’s NFTs selfies sold for 0.9 ETH, or roughly $3,000 at their peak. Ghozali’s collection grew to a total trading volume of 387 ethers, worth more than $1 million at the time this article was written. The young artist also used OpenSea to make his first tax payment based on this income.
Despite the general crypto market’s recent poor performance, the NFT market and the blockchain gaming business continue to experience strong transaction volumes.