Indonesian man sells his selfies as NFTs, now worth US$1 million in volume

By January 14, 2022NFT
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Indonesian man sells his selfies as NFTs, now worth US$1 million in volume

A man in Indonesia has struck gold after managing to sell hundreds of his own selfies as NFTs on the OpenSea NFT art market platform.

The 22-year-old man named Ghozali (@Ghozali_Ghozalu) from Central Java managed to take advantage of the immense hype behind the NFT scene by uploading selfies he took every single day between 2017 and 2021.

Although the selfies were of him simply sitting in front of his computer with a completely deadpan expression – nothing particularly compelling or noteworthy from an artistic standpoint, his collection titled Ghozali Everyday still managed to generate enough hype to sell out all 933 selfies.

Ghozali's selfies can now be bought on OpenSea as NFTs. IMAGE:

Literal face value.

Initially, the selling price for each selfie NFT on OpenSea was at 0.001 Ether or ETH (US$3.28) each, but has since spiked in price by more than 2,400 percent, with the cheapest ones now being resold for at least 0.24 ETH (US$786) at the time of writing.

SEE ALSO: 12-year-old boy to earn over US$400k after coding NFTs during school holidays

Based on basic calculations, Ghozali initially only earned around 0.933 ETH (US$3,056) after selling his selfies to first-time buyers, but with OpenSea's royalties feature that allows artists to collect fees whenever their art gets resold over and over, Ghozali could potentially earn much more as hype and demand for his selfies continues to build.

Already, OpenSea has noted that the Ghozali Everyday collection has already seen no less than 314 ETH traded in volume, which equates to just over US$1 million – a pretty impressive figure for a bunch of unexpressive selfies.

Of course, this success has been pretty overwhelming for Ghozali, who said on Twitter that he'd originally only captured the selfies as a project for a video he'd intended to make for his graduation, where all his selfies would culminate in the last selfie taken on his graduation.

my goal of taking pictures of myself for 5 years is just for this video

and in the future for this year hopefully I will graduate from college and be able to take my graduation photo, it will be a cool triphttps://t.co/sBdKmtzvXe

— Ghozali_Ghozalu (@Ghozali_Ghozalu) January 12, 2022

In another tweet, Ghozali said that he hoped buyers would not misuse his images.

It's been 3 days and left 331 NFT
sold out now because for the next few years I won't be listing

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. pic.twitter.com/oyGGR2Aben

— Ghozali_Ghozalu (@Ghozali_Ghozalu) January 12, 2022

"You can do anything like flipping or whatever, but please don't abuse my photos or my parents will be very disappointed in me," he said. "I believe in you guys, so please take care of my photos."

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Cover image sourced from OpenSea.

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