Student Accidentally 'Becomes A Millionaire' After Turning Selfies Into NFTs As A Joke

A student is said to have made a fortune by converting various selfies into NFTs.

For five years, Indonesian Sultan Gustaf Al Ghozali snapped a photo of himself practically every day.

Each shot is nearly identical: he is gazing into the camera with a rather expressionless face.

The goal of the project was to make a time-lapse film, which he intended to show at his graduation.

The 22-year-old, on the other hand, has turned it into a money-making scheme, with individuals waiting up to pay thousands of dollars for them.

For those unfamiliar with the term, an NFT (Non-Fungible Token) is a new digital certificate, recorded on a blockchain, which is intended to record possession of an item such as a collectible or an artwork.

Ghozali_Ghozalu

The computer science student had first set the price of his photos at only 0.00001 ETH ($3), but demand swiftly outpaced supply, and they're already selling over $12,000.

Last month (on 10^th January) while tweeting about it, the student said: "Uploading my photo into NFT lol."

Adding the next day: "Can’t believe people actually bought my photo NFT, 35 already sold in one day."

About 200 of his selfies were allegedly sold that day.

According to the sources, once a famous chef purchased a handful of the images, interest in the photos, which went on sale in December.

Ghozali said the business was only a joke to the media when asked about it.

He told AFP: "I was thinking it might be funny if one of the collectors collected my face.

"I never thought anybody would want to buy the selfies, which is why I only priced them at $3."

The young man's photographs are being sold for 4ETH on OpenSea, an online marketplace for NFTs, which corresponds to about $12,508.

Ghozali_Ghozalu

The complete collection, entitled Ghozali Everyday, is said to be worth 374 ETH ($1.2 million), according to the sources.

Isn't that a good thing?

He now intends to use his newly acquired fortune in the establishment of his own animation company.

Ghozali_Ghozalu

Even his parents aren't aware of how much money he's been making from it, he reveals.

“To be honest I still haven’t got the courage to tell my parents, they would be wondering where I got the money from,” he said.