Here’s how a 22-year-old made $1 million by promoting NFT selfies

A 22-year-old Indonesian school scholar grew to become a millionaire by promoting his selfies as non fungible tokens (NFTs) on the OpenSea NFT market. Sultan Gustaf Al Ghozali, a pc science scholar from Semarang, Indonesia, transformed and bought practically 1,000 selfie photographs as NFTs.
For the uninitiated, NFTs are digital collectibles resembling artwork, music, gif, and many others, which works on Blockchain expertise that can’t be duplicated. While anybody can view the asset in query, solely the customer can say they’re the “official” proprietor.
In a tweet Ghozali mentioned that he took photographs of himself for 5 years from 2017 to 2021— as a approach to look again on his commencement journey. Ghozali took selfies both sitting or standing in entrance of his laptop, which he later remodeled into NFTs and uploaded to OpenSea market in December 2021.
The 22-year old-student set the worth for every NFT selfie at $3 at first. However, Some of Ghozali’s selfie NFTs have been bought for ETH 0.9, amounting to round $3,000 (Rs 2.22 lakh approx). Ghozali took to Twitter and mentioned: “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.”
In an interview with AFP, he mentioned that he nonetheless doesn’t have the braveness to inform his dad and mom concerning the cash he made by means of his selfies. At the time of writing this text, the scholar NFT millionaire has greater than 24,000 followers on Twitter.

Meanwhile, persons are bidding hundreds to personal these collectibles, and a few are even promoting for tens of millions. A latest report by Cointelegraph revealed that individuals have spent over $10 billion in NFT gross sales up to now.
Data from DappRadar knowledge reveals that the variety of distinctive lively wallets related to Ethereum NFT decentralized functions grew by 43 per cent since Q3 2021. In addition, the cash generated by NFT buying and selling went from $10.7 billion in Q3 2021 to $11.9 billion within the first 10 days of 2022.