Student Accidentally Becomes Millionaire After turning Selfies into NFTs token.
Because he thought “it may be funny,” an Indonesian student earned a fortune by turning a collection of selfies into non-fungible tokens (NFTs).
Sultan Gustaf Al Ghozali, a computer science student, snapped 1000 photos of himself in front of his computer over the course of four years before converting them into NFTs – one-of-a-kind digital objects that can be bought, sold, and kept on a blockchain.
Each image was originally priced at just 0.00001 ETH ($3), but after attracting the attention of high-risk crypto traders, they quickly skyrocketed in value, with individual photos now selling for more than $10,000.
On January 10, he tweeted, “Uploading my photo into NFT lol.”
“Can’t believe someone actually bought my photo NFT, 35 already sold in one day,” he tweeted the next day.
More than 200 of his selfie NFTs were sold later that day on the platform OpenSea, with hundreds more picked up by traders over the next few days.
Mr Ghozali told AFP, “I was thinking it may be hilarious if one of the collectors collected my face.”
“I never expected anyone would want to buy the selfies, so I just charged $3 for each.”
His selfies are now fetching up to 4 ETH ($12,500) each, with the complete Ghozali Everyday collection valued at over 374 ETH ($1.2 million).
Local tax officials have already contacted him via Twitter to direct him to make payments, but he claims that his parents are still unaware of his newfound fortune.
“To be honest, I still don’t have the nerve to inform my parents since they’d be curious about where I got the money,” he stated.