In the recent news, an Indonesian student, Sultan Gustaf Al Ghozali, accidentally made fortune after he turned a collection of selfies into NFT, as a funny act. Sultan Gustaf Al Ghozali, who studies computer science has transformed nearly 1,000 photos of himself into NFTs — which he took sitting in front of his computer over four years. He planned to utilize the collection to assemble a timelapse video for his graduation day.
Sultan Gustaf Al Ghozali Became a Millionaire by Turning Selfies into NFT As a Joke
But after discovering blockchain technology, the 22-year-old, Sultan Gustaf Al Ghozali, decided to upload the pictures to NFT trading platform OpenSea under the label “Ghozali every day”. According to reports, the original price of each one was set by the Indonesian student at just 0.00001 ether ($3); however, they soon sky-rocketed in value after attaining the attention of high-risk crypto retailers, with individual pictures now trading for more than $10,000.
On January 10, Sultan Gustaf Al Ghozali tweeted, “Uploading my selfies into NFT lol.” The next day, he tweeted: “Can’t believe people bought my photo NFT, 35 already sold in one day. I was thinking it might be funny if one of the collectors collected my face,” the Indonesian student told reporters at his university’s campus. “I never thought anybody would want to buy the selfies, which is why I only priced them at $3,” he said.
Over 400 People Have Bought the Indonesian student’s Expressionless Pictures
Furthermore, pictures or selfies into NFTs have changed digital items varying from illustrations to memes into virtual collectors´ items that cannot be replicated. Sultan Gustaf Al Ghozali began to upload his selfies in late December but it was not until a celebrity chef snapped some up last week and advertised Ghozali on his social media account that sales took off. In the next few days, over 400 people purchased ownership of his expressionless images. According to the latest reports, the Indonesian student’s collection had reached a total trade volume of 317 ether, equivalent to more than $1 million.