The narrative transports us to Semarang, Indonesia. Sultan Gustaf Al Ghozali is a common person who serves as our hero.

Al Ghozali attends school. Al Ghozali felt it would be awesome to snap selfies of himself every day for an unsure amount of time a few years ago. If he wouldn’t change his mind or become bored with the idea, he could put all those selfies together and create a time-lapse video of himself aging. He is twenty-two years old and attends a nearby institution to study computer science.

NFTs are on the way!

Non-fungible tokens are referred to as NFT. In 2021, this brand-new class of digital assets will catch people’s attention. Since then, non-fungibles have been upending the digital economy.

Consider dollars or any other “conventional” cryptocurrency. A dollar bill will always be equivalent to another bill of the same value, and one dollar will always remain one dollar. Similar to traditional cryptos, one bitcoin always equals another, etc. Because such tokens are not equal, they are non-fungible, which means you cannot trade one token for another.

The situation with NFT is very different. Non-fungible tokens have individual values and cannot be traded. It cannot be combined with another to make a new one. You might wonder what the point is and why someone would require such a thing. And this is where NFT art is useful.

NFT art is any digital object purchased or sold using non-fungible tokens. It might be a selfie, a GIF, a video clip, a song, or an image. Thus, you may use almost anything as a medium for digital art and a means of money.

Simply upload the item you wish to transform into NFT art, create a non-fungible token from it, and then list it for sale. You have the option to set a price or launch an auction. And if you’re fortunate, some of your NFTs might suddenly become popular, making you wealthy. Returning to Al Ghozali and his selfies, he converted the images into NFTs and sold them on OpenSea, one of the busiest NFT marketplaces. The man played it modest by charging just $3 for each selfie. He had no idea at the time.

NFT story of success of your computer nerd neighbor: Al Ghozali https://t.co/OrNelLRCFU #NFT

— swankyfinance.eth (@swankyfinance) July 20, 2022

Viral spread of Al Ghozali

The Internet is an oddity. There is almost no way to foretell the future, and there is no systematic approach to identifying trends or what will emerge as a new meme, like the expressionless selfies of some Indonesian man taking them with his webcam.

Al Ghozali shared his collection of around 1,000 selfies only for amusement, with no expectations of anything in return. “I was thinking it may be humorous if one of the collectors collected my face,” reminisces Al Ghozali.

However, the item got viral when a well-known chef purchased some of those images and promoted them on his social network. This strange-looking dude caused a stir on the Internet. Some people made songs about him, while others put his face on t-shirts. The major point of the entire tale is that Ghozali’s selfies were purchased by paying customers.

The collected amount peaked at 384 ETH, giving Ghozali a total revenue of $1,000,000. Ghozali claims he has no idea why his pictures went viral. He is delighted to see that his efforts have paid off in five years. To avoid disappointing his parents, Ghozali has only requested that buyers refrain from using his images for commercial purposes. So lovely.

More amazing NFT information

The incident of Al Ghozali is not the only illustration of how absurdly profitable NFTs may become. The Merge instance is among the most spectacular.

The Merge is currently the priciest NFT in existence. It is not a single-body artwork; rather, it is a project by renowned digital artist Pak. Instead, it’s a multi-unit item that numerous different buyers purchased. More than 28,000 people bought pieces of the Merge in total in 2021. Every lot has a starting price of $575. But when more and more people participated in the sale, the price subsequently started to increase by $25 every six hours. This led to a staggering $91 8 million in revenue.

A $3 million tweet sent by former Twitter CEO Jack Dorcey is another well-known NFT instance. Jack Dorsey sold his first tweet as a non-fungible token in December 2020. Just setting up my twttr, read the March 21, 2006, tweet. The auction began on March 6, 2020, and finished on March 21, 2021, the 15th anniversary of the tweet, with the winning offer of $2,9 million. The Africa Response fund for COVID-19 relief received the entire donation.

Can I become a millionaire on NFT?

Success stories from NFT are fascinating and motivating. But you ought to take them with a grain of salt. Your chances of generating much money on NFTs are slim if you’re not a well-known artist or a former CEO of a sizable firm. Al Ghozali’s experience is singular in this regard and perfectly illustrates the idea of so-called survivorship bias.

You should know that it is impossible to predict how a non-fungible token will behave. Prices are largely influenced by media hype and popularity. A piece of NFT art you invest in can lose value the next day, leaving you with a useless token. Or one of the tokens you’ve already purchased might become popular, allowing you to sell it for a high price. That much ambiguity exists in the NFT industry.

Also, read – Rags to Riches story of Brittany Pierre all through NFT marketplace

There are numerous trading instruments available.

The good news is that you have other trading options besides NFTs. There are many other resources and tools, most of which are considerably more predictable. Anything is an option, including different cryptocurrencies, currency pairs, commodities, equities, and indexes.

With FBS, you may use top-notch tools and programs to successfully trade any of these instruments. The FBS economic calendar will inform you of significant market developments, and the company’s professionals will give you information to consider while making trading activity plans. NFTs may appear promising, but there are still many more ways to make money on the market. Investigate them and use them by trading with FBS. for folks to read about your success story the following time.