Indonesian student sees huge-success from selling selfie NFTs

From 2017 to 2021, the student took over 1,000 selfies

Friends taking selfies on a smartphone                                 
Originally, the student priced the NFTs at $3 (£2.19) but the NFT trading volume grew to 317 Ethereum (ETH), which is equivalent to more than $1m – Photo: Alamy
                                

A 22-year-old Indonesian student has made over $1m (£0.73m) by selling non-fungible token (NFT) versions of his selfies.

Sultan Gustaf Al Ghozali, a computer science student from Semarang, took a picture of himself sitting in front of his computer from 2017 to 2021, when he was aged 18 to 22, resulting in over 1,000 selfies.

The computer science student converted these selfies into NFTs. The student revealed on Twitter that the original reason behind this move was to create a video, which shows five years’ worth of selfies.

The student ideally will be able to add in his graduation photo later this year when he has finished his studies.

OpenSea

Sultan sold the converted selfies on OpenSea, the world’s largest marketplace for NFTs.

Originally, the student priced the NFTs at $3 (£2.19). The Indonesian student also tried to add a story to each NFT, as he would explain the selfie.

One selfie was taken while receiving his second COVID vaccination.

However, the NFT trading volume grew to 317 Ethereum (ETH), which is equivalent to more than $1m.

Sultan himself was surprised when his NFTs started to sell from his OpenSea page, Ghozali Everyday, as he said: “Can’t believe people actually bought my photo #NFT, already sold 35 in one day”.

First-ever tax payment

Due to his success on OpenSea, Sultan has made his first tax payment in his life.   

The computer science student said: “Of course I will pay for it because I am a good Indonesian citizen.”

The Indonesian Directorate General of Taxes (DJP) or the Direktorat Jenderal Pajak tweeted a message to Sultan personally as his NFT success story has been gaining more and more media traction.

The student also told his Twitter audience that those who buy his NFTs can do anything with them but asked his buyers not to abuse the photos as it will leave his parents feeling disappointed.

Sultan said: “I believe in you guys so please take care of my photos.”

Further reading

The material provided on this website is for information purposes only and should not be regarded as investment research or investment advice. Any opinion that may be provided on this page is a subjective point of view of the author and does not constitute a recommendation by Currency Com Bel LLC or its partners. We do not make any endorsements or warranty on the accuracy or completeness of the information that is provided on this page. By relying on the information on this page, you acknowledge that you are acting knowingly and independently and that you accept all the risks involved.
iPhone Image
Trade the world’s top tokenised stocks, indices, commodities and currencies with the help of crypto or fiat
iMac Image
Trade the world’s top tokenised stocks, indices, commodities and currencies with the help of crypto or fiat
iMac Image