An Indonesian Boy Made $1 Million By Selling NFT Selfies On OpenSea

An Indonesian boy made $1 million by selling NFT selfies on OpenSea after he spent five years taking selfies on his computer as we are reading more in today’s cryptocurrency news.

The Indonesian boy named Sultan Gustaf Al Ghozali converted and sold about 1000 selfie images as NFTs and according to him, he took photos of himself for five years between the ages of 18 and 22 as a way to look back on his graduation journey. Ghozali took selfies standing in front of his computer which was later converted into NFTs and then uploaded to OpenSea in December 2021. the artist set the price for each NFT selfie at $3 without expecting more interest from serious buyers and he said:

“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.”

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

Going against his expectations, Ghozali’s NFT offering blew up as prominent members of Twitter showed support by purchasing and marketing the offerings. With its rising popularity, one of Ghozali’s NFT sold for 0.247 Ether worth $806 at the time of purchase. The young entrepreneur added a touch of personalization by providing some background info along with the selfies that add to the rarity of the NFTs.

Uploading my photo into nft lolhttps://t.co/E3Q4sBmN26#NFT #opensea pic.twitter.com/rD51rdcpzp

— Ghozali_Ghozalu (@Ghozali_Ghozalu) January 10, 2022

At its peak, Ghozali’s NFT sold for 0.9 ETH worth about $3000 according to Lifestyle Asia reports. His collection then reached a total trade volume of 317 ether equivalent to $1 million. The young artist made six payments on the basis of the income thorugh OpenSea. Despite the recent sluggish performance of the crypto market, the NFT marketplace and blockchain gaming industry continues to record high transaction volumes.

this is my first tax payment in my life https://t.co/VDa8KYYPGs

— Ghozali_Ghozalu (@Ghozali_Ghozalu) January 14, 2022

DappRadar shows that the number of UAW connected to Ethereum NFT dapps grew by 43% since the third quarter in 2021. in addition, the money generated by NFT trading went from $10.7 billion in the third quarter of 2021 to $11.9 billion during the first ten days of 2022.

As recently reported, Dapper Labs became the first NFT company to register to lobby with the US government. DApper joins the growing list of companies n the crypto industry that plan to change the rules and impact new policies. Dapper Labs became the first NFT company that got registered to lobby with the US government. The company is mostly known as the maker of NBA Top Shot that allows users to buy digital cards whcih represent NBA players and moments.