An Indonesian student accidentally made a fortune after turning a collection of selfies into Nonfungible Tokens, which are unique digital items bought, sold and stored on a blockchain in what was supposed to be a “funny act”, The Independent reported.
Sultan Gustaf Al Ghozali, who studies computer science, converted nearly 1000 photos of his expressionless face he took sitting in front of his computer over four years into NFTs.
He intended to use the collection to create a time-lapse video for his graduation day.
But after learning about blockchain technology, the 22-year-old decided to upload the photos to the NFT trading platform OpenSea under the title “Ghozali every day”.
According to reports, the original price of each was set by the 22-year-old at just 0.00001 ether. However, their value soon skyrocketed after they caught the attention of high-risk crypto traders, and individual images are now selling for more than $10,000.
On January 10, he tweeted: “Uploading my photo into NFT lol.”
The next day he tweeted: “Can’t believe people bought my photo NFT, 35 already sold in one day.”
“I was thinking it might be funny if one of the collectors collected my face,” Ghozali told reporters at his university campus.
“I never thought anybody would want to buy the selfies, which is why I only priced them at $3,” he said. But the next day, a selfie was available for 0.247 of the cryptocurrency ether as demand surged.
NFTs have transformed digital items ranging from illustrations to memes into virtual collector’s items that cannot be replicated.
Ghozali started uploading his selfies in late December, but sales took off until a celebrity chef bought some of them and promoted Ghozali on social media. Over the next few days, more than 400 people bought ownership of his blank faced photos. According to the latest reports, Ghozali’s collection has reached a total trading volume of 317 ether, equivalent to over $1 million.
“To be honest I still haven’t got the courage to tell my parents, they would be wondering where I got the money from,” Ghozali laughed.
The student provides frequent updates on OpenSea statistics on his Twitter account, where he has more than 16,000 followers.
“Today sold more than 230+ and until now I don’t understand why you want to buy #NFT photos of me !!! but I thank you guys for five years of effort paid off,” he tweeted.
Ghozali, who dreams of opening his own animation studio one day, said he plans to invest the money and will continue to take daily selfies until he finishes college.
This article originally appeared in GeoNews.