Last updated on January 20th, 2022 at 10:31 pm
The NFT realm seems to be a strange place, as a 22-year Indonesian student has made over a million dollars selling NFTs of his selfies. Sultan Gustaf Al Ghozali took his selfies and tokenized them into NFTs on the OpenSea NFT marketplace.
A 22-year old student in Semarang, Indonesia, took over one thousand selfies from when he was eighteen to twenty-two years old and decided to mint them as NFTs. Sultan loved taking pictures of himself to document his growth over a period of five years, and he decided to dabble into the NFT space by minting them on OpenSea.
The computer science student tried to reflect on his graduation journey. Sultan took those selfies while he was sitting or standing in front of his computer. Later on, he converted them into NFTs and uploaded them to OpenSea in December 2021.
Initially, the artist pegged the price of every NFT selfie at $3. After he uploaded it to OpenSea, he posted a plea. “You can do anything like flip or whatever but please don’t abuse my photos or my parents will be very disappointed in me. I believe in you so please, take care of my photos.”
The events that happened later shocked Ghozali, as his NFT bid skyrocketed after members of the NFT community on Twitter decided to support him. They went on to buy and market the bids. According to a Lifestyle Asia report, his NFT selfie sold for about $3000, which is 0.9 ETH.
As time elapsed, Sultan’s collection increased its trading volume to 317 ETH, which is over $1 million. He went on to make his first tax payment which was off the income through OpenSea. The NFT realm and the Play-to-Earn gaming ecosystem have blossomed in recent times, not minding that the crypto market has been facing issues.
