Student uploaded selfies as NFT* that are already worth over $1 million
Gustaf Al Guzli from Indonesia has photographed himself daily for almost five years, uploading hundreds of photos to OpenSea, an NFT trading platform, at a starting price of $3 per photo. Now Each Photo Sells For Over $12,000: ‘I Never Thought Anyone Would Want To Buy My Selfie,’ He Says
A college student has made a fortune after turning hundreds of his selfies into NFTs.
Each of the photos is almost identical: he stares at the camera with a rather expressionless gaze.
The idea behind the project was to create a time-lapse video (a video that speeds up time or occurrence), after graduation.
However, the 22-year-old managed to turn all those photos into money.
The computer science student uploaded his images in NFT format for a low price of 0.00001 ETH ($3) per image, but the price has risen rapidly and they are currently selling for over $12,000.
Earlier this month, the student tweeted, “Upload my picture to NFT, lol.” The next day he wrote, “I can’t believe people actually bought my picture on NFT, 35 have already been sold in one day.”
To date more than 200 selfies have been sold. According to reports, interest in the photos increased after a celebrity chef bought some of them.
Speaking about the project, Guzli told the media it was just amazing “I thought it would be funny if one of the collectors got my face,” he told AFP. “I never thought anyone would want to buy the selfies, that’s why I only put them at $3.”
On the OpenSea platform, the photos of the young man are sold at 4 ETH, which is equivalent to 12,508 dollars. The entire collection, dubbed “Everyday Chicks,” is said to be worth 374 ETH ($1.2 million). There are 933 photos owned by 503 people.
He plans to use his newfound fortune to invest in setting up his own animation studio. He admits that even his parents don’t know how much money he makes. “Honestly, I still don’t have the courage to tell my parents, they’re going to wonder where I got this money from,” he said.
* NFT stands for Non-Fungible Token.
A non-fungible token is valued data composed of a type of cryptographic token that represents an object, most often a digital object, to which is attached a digital identity that is linked to a non-empty set of owners.