22-year-old Sultan Al Ghozali turns into a multi-millionaire by taking selfies and turning them into NFT. A simple experiment to make a collection of selfies over five years made the Indonesian student become a millionaire, All thanks to NFTs.
Additionally, Ghozali only went into the crypto space reason being that “it will be funny,” according to sources, Ghozali made NFTs from 1,000 selfies taken in front of a computer from 2017 to 2021. He set the NFT price at 0. 00001 Ethereum ($3) on 10th January 2022.
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Before the emergence of Ghozali, a digital artist named people broke the record with $69M sales of NFTs in 2021. NFT has been hyped, more artist has placed their artwork on platforms like OpenSea. In OpenSea, you buy and sell NFTs with cryptocurrency.
If you underrate the power of NFTs, Sultan Gustaf Al Ghozali’s story should change your mindset. Ghozali became a millionaire after selling the selfie he took over five years as NFT.
Furthermore, Ghozali has been taking selfies daily since 2017, although he missed a few days. He is still left with almost 1,000 selfies. He initially took them to make a time-lapse video. But recently, he decided to see what he can make of it by selling the image as NFTs.
Ghozali nft in an interview said, “I thought it will be amusing if one of the collectors collected my face. I didn’t see it coming that everyone will want to buy a selfie.
What is NFT?
NFT means ‘non-fungible token’. When something is fungible, similar to a dollar greenback, it is identical to, and can along these lines be traded for, some other dollar note. Conversely, a non-fungible token is a unique resource in a computerized structure that can’t be traded for some other NFT. This implies that each NFT is an ‘exceptional’ thing. NFTs are moved from one proprietor to another using blockchain innovation, which makes a computerized trail from dealer to the purchaser that checks the exchange. This encodes the unique proprietorship freedoms to the purchaser (new proprietor).
The actual world partner would be an extraordinary collectible resource like a piece of craftsmanship, for which you could have a declaration of possession bearing witness to its credibility. The NFT with its blockchain innovation replaces the requirement for declarations of possession. There are even some NFTs that use blockchain innovation to make an advanced possession authentication for a one-of-a-kind actual resource, however, this is as of now not normal.
NFTs turned into a well-known interest in 2021, even though they’ve been around beginning around 2014. As cryptographic money contributed detonated, so did taking specific advanced resources and offering them to financial backers to purchase online.
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