After selling thousands of photos as Non-Fungible Tokens (NFTs) for more than $1 million, an Indonesian student has become a millionaire. ayokinews.com reports
Sultan Gustaf Al Ghozali, a 22-year-old computer science student at a university in the Indonesian capital of Semarang, made his money by photographing himself every day for five years.
As he sits in front of his computer screen, each photo is somewhat different yet has the same unique expressionless visage.
According to Mail Online, his original plan for the images was to make a video time-lapse of every single day he spent studying, which he could then show off during his graduation.
However, after learning about Non-Fungible Tokens (NFTs), he decided to sell the amusing images in order to have his face appear in other people’s collections.
His photographs were first put up for sale on the Opensea platform in December, and after a celebrity chef snatched up a couple of them last week, he was besieged with over 400 people interested in acquiring the rights to his images.
As a result of the overwhelming demand, the price of his collection, titled ‘Ghozali Everyday,’ advanced past $1 million.
Following the surge in demand, one of his selfie was offered for 0.247 Ether ($806) on Friday.
“I never believed anybody would want to purchase the selfies, which is why I only priced them at $3,” Ghozali told France24.
He also said that he is yet to get the guts to tell his parents about the money he has amassed.
Ghozali stated that he intends to invest the money he has earned from his NFTs and open his own animation company. He’ll also keep taking selfies every day until he graduates.
What Is A Non-Fungible Token (NFT)
A Non-Fungible Token (NFT) is a one-of-a-kind digital token that is permanently linked to a piece and is encrypted with the artist’s signature. It validates the piece’s ownership and authenticity.