Newblock
  • News
    • Bitcoin
    • Ethereum
    • XRP
    • Solana
    • Cardano
    • Blockchain News
    • Press Releases
    • Events
  • Analysis
    • Market Analysis
    • Price analysis
  • Ranking
No Result
View All Result
  • Login
Buy crypto
Newblock
  • News
    • Bitcoin
    • Ethereum
    • XRP
    • Solana
    • Cardano
    • Blockchain News
    • Press Releases
    • Events
  • Analysis
    • Market Analysis
    • Price analysis
  • Ranking
No Result
View All Result
Newblock
22-year-old Indonesian boy makes $1M by selling NFT selfies on OpenSea

22-year-old Indonesian boy makes $1M by selling NFT selfies on OpenSea

January 16, 2022
in Blockchain News
411 12
1
Share on FacebookShare on Twitter

An Indonesian college student has reportedly become a millionaire by selling nonfungible token (NFT) versions of his selfies on the OpenSea NFT marketplace.

Sultan Gustaf Al Ghozali, a 22-year-old computer science student from Semarang, Indonesia, converted and sold nearly 1,000 selfie images as NFTs. According to Ghozali, he took photos of himself for five years — between the ages of 18 and 22 — as a way to look back on his graduation journey.

Uploading my photo into nft lolhttps://t.co/E3Q4sBmN26#NFT #opensea pic.twitter.com/rD51rdcpzp

— Ghozali_Ghozalu (@Ghozali_Ghozalu) January 10, 2022

Ghozali selfies were taken sitting or standing in front of his computer, which was later converted into NFTs and uploaded to OpenSea in December 2021. The artist set the price for each NFT selfie at $3 without expecting interest from serious buyers. While monetizing his expressionless images, Ghozali said:

“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.”

Ghozali’s OpenSea profile. Source: OpenSea.

Going against his wildest expectations, Ghozali’s NFT offering blew up as prominent members of Crypto Twitter showed support by purchasing and marketing the offerings.

Ghozali happened…the year of Gozali @Ghozali_Ghozalu pic.twitter.com/HKOw7FZddj

— Arnold Poernomo (@ArnoldPoernomo) January 12, 2022

With the rising popularity, one of Ghozali’s NFT sold for 0.247 Ether (ETH) on Jan 14. worth $806 at the time of purchase, according to AFP. The young entrepreneur also adds a touch of personalization by providing some background information along with the selfies, which adds to the rarity of the NFT.

every #NFT photo I take has a story behind

This photo was taken during the second corona vaccine https://t.co/pZfJKoKuc9

— Ghozali_Ghozalu (@Ghozali_Ghozalu) January 11, 2022

At its peak, Ghozali’s selfie NFTs sold for 0.9 ETH, worth roughly $3,000, according to a Lifestyle Asia report. Ghozali’s collection subsequently reached a total trade volume of 317 ether, equivalent to more than $1 million. The young artist also made his first tax payment on the basis of this income through OpenSea.

this is my first tax payment in my life https://t.co/VDa8KYYPGs

— Ghozali_Ghozalu (@Ghozali_Ghozalu) January 14, 2022

Despite the recent sluggish performance of the overall crypto market, the NFT marketplace and blockchain gaming industry continues to record high transaction volumes.

As Cointelegraph reported, DappRadar data shows that the number of UAW connected to Ethereum NFT DApps grew by 43% since Q3 2021. In addition, the money generated by NFT trading went from $10.7 billion in Q3 2021 to $11.9 billion in the first ten days of 2022.

Source link

You might also like

Microsoft NFT ban

Microsoft NFT ban

August 4, 2022
Blockchain and digitization to take center stage at Davos

Blockchain and digitization to take center stage at Davos

May 20, 2022

Related News

Microsoft NFT ban

Microsoft NFT ban

by Editorial Team
August 4, 2022
0

Microsoft says NFTs and blockchains aren't welcome in Minecraft Microsoft Cites flakiness of NFT community and speculative activity as inimical...

Blockchain and digitization to take center stage at Davos

Blockchain and digitization to take center stage at Davos

by Editorial Team
May 20, 2022
1

The annual meeting of the World Economic Forum (WEF) is scheduled to take place from May 22–26,  marking the first...

qmall crypto license

Crypto License & Payment Gateway Authorized by EU Regulators

by Editorial Team
April 21, 2022
0

It seems there’s hardly a month goes by when we don’t hear at least some exciting news about Ukraine’s QMALL...

FC Barcelona to Get Into Metaverse and NFTs

FC Barcelona to Get Into Metaverse and NFTs

by Editorial Team
March 5, 2022
1

The FC Barcelona, a soccer club with a large fanbase in Spain and Europe, has revealed its plans to take...

Next Post
Lawyer Points to Agreement Relating to Johann Steynberg’s Extradition to South Africa

Lawyer Points to Agreement Relating to Johann Steynberg's Extradition to South Africa

Comments 1

  1. Pingback: OpenSea smart contract upgrade to delist inactive NFTs on Ethereum - Newblock

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Get daily news updates to your inbox!

Popular

  • crypto price analysis

    BTC, ETH, BNB, ADA, SOL, XRP, LUNA, DOGE, DOT, AVAX

    21678 shares
    Share 8671 Tweet 5420
  • Google Launches Blockchain Division

    5331 shares
    Share 2131 Tweet 1332
  • Microsoft Reveals Activision Purchase for $68.7 Billion as an Approach to the Metaverse

    972 shares
    Share 389 Tweet 243
  • GAIMIN Brings Blockchain and NFTs to Minecraft – Press release Bitcoin News

    957 shares
    Share 383 Tweet 239
  • Coinbase exec says major Ethereum scaling improvements coming soon

    923 shares
    Share 369 Tweet 231

Recommended

WEB3 news

Web3 developer growth hits an all-time high as ecosystem matures

February 4, 2022
diem stablecoin

Silvergate Capital Purchases Diem Operations to Develop Own Stablecoin

February 4, 2022
Newblock

Newblock is a blockchain news service that covers bitcoin and altcoin news, technical analysis & forecasts for bitcoin price and other altcoins.
© 2022 Newblock

Navigate Site

  • Blockchain news
  • Crypto Analysis
  • Ranking
  • Media Partnerships
  • Privacy Center
  • Contact Us
  • Donate

Follow Us

No Result
View All Result
  • News
    • Bitcoin
    • Ethereum
    • XRP
    • Cardano
    • Solana
    • Blockchain News
    • Press Releases
    • Events
  • Analysis
    • Market Analysis
    • Price analysis
  • Ranking
  • Buy Crypto
  • Privacy Center
  • Contact Us
  • Donate

Newblock is a blockchain news service that covers bitcoin and altcoin news, technical analysis & forecasts for bitcoin price and other altcoins.
© 2022 Newblock

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.