Indonesian Boy Makes Over $1Million Selling Thousands of Selfies as NFTs

Indonesian Boy Makes Over $1Million Selling Thousands of Selfies as NFTs

The NFT space continues to thrive, with new series making headlines every week. Now a 22-year-old Indonesian has managed to sell almost 1,000 selfies on OpenSea that he’s taken over the past five years as an NFT.

Ghozali’s NFT Collection Reached a Total Transaction Volume of 317 Ether

According to a report on January 17, Ghozali’s NFT collection then reached a total transaction volume of 317 Ether, the cryptocurrency on the Ethereum blockchain, equal to more than $1 million. His selfie sold for 0.247 Ether, or about $806, on Friday.

Ghozali is a college student from Indonesia who became an overnight internet sensation after turning a personal selfie project into a lucrative blockchain business raking in $1 million in sales on an NFT platform.

“I never thought anyone would want to buy these selfies,” he said, explaining that it’s “only $3” per photo.

For the last five years, Ghozali has taken a stoic photo of himself in front of his computer almost every day. He stated that he originally intended to use the album of nearly a thousand selfies to make a time-lapse video in honour of his graduation, but changed his plans after learning about blockchain technology and the crypto metaverse.

But his NFT success wasn’t instant. Sales and demand exploded just a few weeks later when an Indonesian celebrity chef stumbled across his profile on OpenSea’s website and advertised it.

Ghozali Receives Royalties from Sold NFT

It was revealed that Ghozali also received up to $103,620 in secondary sale royalties from those who sold his NFTs.

Non-fungible tokens or NFTs are widely known in the crypto world as non-fungible units of data stored on a blockchain system. NFT buyers own the original work—it can be anything from paintings to music, but most commonly digital art—and items can sell for tens of millions of dollars.

Ghozali shared a tweet that he will no longer list his famous selfies and urged collectors not to misuse his images.

According to AFP, he now plans to invest the money and dreams of opening his own animation studio. But he remains in high demand, amassing more than 16,000 followers on Twitter and positively commenting on other NFTs and other selfies.

Disclaimer: The information in this article should not be considered financial advice, and FXCryptoNews articles are intended only to provide educational and general information. Please consult with a financial advisor before making any investment decisions.

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