How these selfie NFTs made this internet user a millionaire

It all started with a tweet on January 10. Sultan Gustaf Al Ghozali, a 22-year-old Indonesian computer science student, posts “I upload my photo as an NFT, lol” for the modest sum of 0.00001 ETH or roughly $3 in early January. But the joke quickly became lucrative. Investors quickly noticed the offbeat approach of the Internet user and decided that this could increase the value of his NFTs.

From day one, more than 200 of his selfies (he uploaded more than a thousand of him sitting at his computer, taken over a four-year period) sold. Over the course of the exchanges, the quite banal selfies of this Internet user reached completely crazy prices – up to more than 10,000 dollars. Suddenly, since January, Sultan Gustaf Al Ghozali continues to post a selfie of him every day on the OpenSea trading platform.

How about selling your selfies as NFTs too?

To reinforce their uniqueness, he explains on Twitter that “all selfies sold as NFTs have a story. For example this photo was taken during the second coronavirus vaccine”, with a photo of him looking like almost all the others.

“I originally thought it would be fun if one of the collectors collected my face. I never thought people would want to buy the selfies, which is the reason for their very low initial price.” The student's entire collection is valued at around 374 ETH, which at the time of writing is almost €1 million (and over $1 million).

Obviously this offbeat information feeds the arguments of opponents of this type of asset who believe that NFTs are only a fad, decoupled from reality, and that the soufflé will end up abruptly falling sooner or later. Nevertheless for artists (and some opportunists) these NFTs are a godsend, since they can allow fairly confidential artists to generate much more value with their production.

How long this casual situation will last remains to be seen. What do you think ? Will this madness around NFTs continue? Or on the contrary, will we have forgotten them in a few years? We note in passing that even labels like Universal are getting into NFTs – in this case the record company is in the process of setting up a group whose members are represented by NFTs from the BoredApeYachtClub collection.

Read also – Soon, NFTs on sale on Facebook and Instagram?

For his part, Sultan Gustaf Al Ghozali confides: "To be honest, I haven't had the courage to tell my parents yet, they would wonder where this money comes from". Having become a Twitter star, he now asks the holders of his NFTs and others not to abuse his image.