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Dude, that Indonesian turned selfies into NFTs and got rich in three days! What madness!
A 22-year-old Indonesian student did something that makes me feel both envy and anger at the same time. The guy took daily selfies for four years and then turned everything into NFTs. And do you know what happened? In less than three days, the transaction volume surpassed 25 million NT$. So, out of nowhere, he became a millionaire!
Ghozali Ghozalu took 933 photos in front of the computer between 2017 and 2021. Initially, he just wanted to make a video for his graduation, but then he had the brilliant idea to turn everything into NFTs. He put them up for sale for just 0.001 Ethereum ( about 3 dollars ), a pittance!
He named the collection "Ghozali Everyday", clearly trying to copy that work "Everydays" by Beeple that sold for 69 million dollars. But let's be honest - his selfies are UGLY! They are nothing special, just a guy looking sleepy in front of the computer.
And even so, the minimum price soared to 0.9 Ethereum ( about 3,000 dollars )! An increase of 300 times! The most expensive selfie sold for 66,346 ETH. It's crazy! How is it possible for someone to pay so much for this?
Some say this is "performance art", but the truth is different. A famous Indonesian chef with 5 million followers helped promote this nonsense. It's always the same story - the rich getting richer! I'm almost sure it was all manipulated.
They also discovered that two accounts bought a large quantity of these NFTs at a low price in the first hours. Classic market manipulation strategy! Buy cheap, create hype, and then sell to suckers at absurd prices.
The funniest part? The tax authorities of Indonesia soon appeared to "congratulate" Ghozali and remind him that he had to pay taxes. They never miss an opportunity!
This story just proves that the NFT market is completely irrational. While I kill myself working for pennies, this guy gets rich with low-quality photos. It's the world upside down! But I admit I felt like starting to take selfies too...
Worse still is seeing NFT platforms promoting these stories as if they were great artistic achievements. In fact, this only benefits speculators and large accounts that manipulate the market at will.