KEY POINTS

  • NFTs are creating a lot of millionaires
  • The latest is a 22-year-old boy from Indonesia
  • The young millionaire sold his NFTs in the OpenSea marketplace

A 22-year-old Indonesian student just proved to the world that one can make a million dollars selling selfies. 

Sultan Gustaf AL Ghozali, a computer science student from Semarang, Indonesia, is the latest NFT millionaire. The youngster converted nearly a thousand selfies taken over five years into non-fungible tokens (NFTs) and sold them in the OpenSea marketplace.

The computer science student said in a tweet that he took photos of himself from 2017 to 2021 as a way to reminisce his journey. He took expressionless selfies either standing or sitting in front of his computer and minted them as NFTs in December 2021.

CrypTOKYO features around 150 non-fungible tokens (NFT) from several dozen artists, expected to sell for a few hundred dollars up to around $50,000 CrypTOKYO features around 150 non-fungible tokens (NFT) from several dozen artists, expected to sell for a few hundred dollars up to around $50,000 Photo: AFP / Philip FONG

He initially set the price of each NFT selfie at $3 without little expecting any interest among buyers. Unexpectedly, Ghozali's NFT offering blew up after prominent members of Crypto Twitter supported him by not only purchasing his NFTs but also marketing them to others. 

"I was thinking it might be funny if one of the collectors collected my face," the young millionaire told reporters at his university's campus last week. "I never thought anybody would want to buy the selfies, which is why I only priced them at $3," he added.

Some of Ghozali's selfie NFTs sold at ETH0.9 or approximately $3,000. To add value to his art offering, Ghozali now provides background information on each selfie.

"You can do anything like flipping or whatever but please don't abuse my photos or my parents will very disappointed to me. I believe in you guys so please take care of my photos (sic)," Ghozali said in a recent tweet.

Ghozali’s collection eventually reached a total trade volume of 317 ETH, which is equivalent to over $1 million. Like a good citizen, the artist made his first tax payment on the basis of this income through OpenSea.

Ghozali said in a recent interview with AFP that he still does not have the courage to tell his parents about the money he made from his selfie NFTs.