Indonesian student becomes rich overnight after selling a thousand SELFIES as NFTs for $1MILLION

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Sultan Gustaf Al Ghozali, 22, has made $1million selling selfies as NFTs online
He has been taking photos of himself in the same pose for the last five years now
After learning about NFTs he put them up for sale in December - with the price soaring recently

Published: 12:29 EDT, 18 January 2022 | Updated: 12:38 EDT, 18 January 2022

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An Indonesian student has become an overnight millionaire after selling thousands of selfies as NFTs for more than $1million.

Sultan Gustaf Al Ghozali, 22, who studies computer science at a university in the central city of Semarang, earned his newfound fortune after taking pictures of himself every single day for around five years.

Each picture is slightly different but features the same distinctive expressionless face, as he sits in front of his computer screen.

His initial idea behind the photos was to create a video time-lapse showing a snapshot of every single day he spent studying - which he could then use at his graduation.

Sultan Gustaf Al Ghozali, from Indonesia, has become an overnight millionaire after selling thousands of selfies as NFTs for more than $1million

However, after learning about Non-Fungible Tokens (NFTs) he decided to try selling his photos, thinking it would be funny to see his face on other people's collections.

His photos officially went up for sale on the platform Opensea in December and after a celebrity chef snapped a few of the images up last week, he was flooded with more than 400 people purchasing the ownership rights to his images.

This high demand saw the price of his collection, under the title 'Ghozali Everyday', eventually surpass $1million.

On Friday one selfie was available for 0.247 of the cryptocurrency ether ($806) after demand shot up.

He has taken pictures of himself every single day for around five years and sells them as NFTs on the marketplace Opensea - with the value of his collection rising recently after a celebrity chef snapped a few up

France24 reports he said: 'I never thought anybody would want to buy the selfies, which is why I only priced them at $3'.

Despite his overnight success, Ghozali said he hasn't been able to find the courage yet to tell his parents about the money he has made.

Looking ahead to the future, Ghozali said that he now plans on investing the money he has made from his NFTs in the hope of setting up his own animation studio.

He will also continue to take the daily selfies until he graduates.

Despite his overnight success, Ghozali said he hasn't been able to find the courage yet to tell his parents about the money he has made

What are NFTs?

What is a NFT?

A Non-Fungible Token (NFT) is a unique digital token encrypted with an artist's signature and which verifies its ownership and authenticity and is permanently attached to the piece.

What do they look like?

Most NFTs include some kind digital artwork, such as photos, videos, GIFs, and music. Theoretically, anything digital could be turned into a NFT.

Where do you buy them?

At the moment, NFTs are most commonly sold in so-called 'drops', timed online sales by blockchain-backed marketplaces like Nifty Gateway, Opensea and Rarible.

Why would I want to own one?

There's an array of reasons why someone may want to buy a NFT. For some, the reason may be emotional value, because NFTs are seen as collectors items. For others, they are seen as an investment opportunity similar to cryptocurrencies, because the value could increase.

When were NFTs created?

Writer and podcaster Andrew Steinwold traced the origins of NFTs back to 2012, with the creation of the Colored Coins cryptocurrency. But NFTs didn't move into the mainstream until five years later, when the blockchain game CryptoKitties began selling virtual cats in 2017.