Remember the Indonesian student, Sultan Gustov Al Ghozali, who made over a million dollars last year selling NFTs of his selfies? Well, he’s back with a new project that’s part memecoin, part NFT, and it just made him even richer!
How He Made Money with Selfies
In 2022, Ghozali took a selfie every day for five years and turned them into NFTs. NFTs are like digital collectibles that you can prove you own. Originally, he planned to make a video of his changing face over time, but after learning about NFTs, he sold them individually for a small amount. To his surprise, people loved how simple and funny they were, and invested a lot into his collection.
After graduating from college, he took a break from NFTs for a while.
Back and Even Bigger: Selfie NFTs Meet Memecoins
In March 2024, Ghozali returned with a new idea. Memecoins are a type of cryptocurrency, often based on jokes or internet trends. With everyone excited about memecoins after the latest surge in Bitcoin, Ghozali combined his selfie project with a brand new memecoin.
This time, instead of just selling NFTs, he ran a “presale” of his new memecoin on a popular blockchain system. Think of it like a Kickstarter for his cryptocurrency. He had a limited supply of coins to sell, and people rushed to buy them.
Another Huge Success!
Ghozali ended up selling out his whole supply of memecoins, netting him a whopping $1.8 million! He planned to sell a certain amount but made even more than expected. To be fair, he’s promised to refund anyone who spent too much.
This crazy success shows that even after the big NFT boom, people are still interested in unique projects. It also proves that NFTs and memecoins can be a powerful combination!