Topic: People Who Suddenly Get Rich From NFT (non-fungible tokens). Is it true? (Read 307 times)

Yes those nft arent easy liquidated,  but when you bumped into a good and quality one, you can easily set to a floor price which can easily be sold by some who are looking for those nft. Some valuable nft arent true as they say like floor price is too hight but when you set a price on that one no one buying it. Its due to the fact buyers looking for a good one with packed rarety and has a considerable value for them.

Let's not forget that there are millions of NFTs that have good value in the market place but that's it, the worth of the NFT is just there, no one is buying them anyway, I wish I can become lucky with NFTs but I doubt if for small-time investors like me, the few good NFTs always have high value.

this kind of thing, basically millionaires emerging out of void, always happens quite frequently in the field that is relatively new since it’s also caused by the huge flows of investment that could be going towards them as an early birds.
regardless with NFT it’s all about making some unique NFT and also a good branding.
like most of the newer NFT that got sold out with crazy value within the auctions, some percentage of that money are going towards the ones that minted these NFT and are the ones that produces the arts, if each NFT could be valued millions, just imagine the money percentage they could literally got out of the NFT auction itself, and they surely gonna produces at least hundreds of NFT if it seeming like profitable for them.
The price of NFT was subjective and it can be bought with any price as long as the buyers have money and it can make the seller become the rich guy

The next blockchain evolution came in the form of Ethereum. Ethereum is also a crypto currency that additionally provides a versatile platform which allows developers to implement “smart contracts.” These smart contracts are packets of code that are connected to a digital asset that confirms the asset as individually unique, traceable and verifiable. These contracts can be applied to anything digital and are basically unhackable and uncopyable. All NFT’s (non fungible tokens) have smart contracts attached to them. NFT’s are simply goods that you can obtain in exchange for crypto, typically Ethereum. In other words, the new money is crypto and NFT’s are the digital goods you buy with your crypto money.

Yah it is true lots of people get rich by simply buying and creating nft also we saw that only 1 chinese people who creats a nft with his own photo and it was sold 10m usd on binance it was amazing and think about him now he is a multi millioner also last time ape nft holder got a huge amount of nft is it not any special thing on this sector?

I think that is the main factor why NFT is valued and bought expensive,
besides that maybe not only its uniqueness but also the value contained in the NFT makes the price expensive,
if we look at it from the point of view of an art collector I think they will be willing to spend money just to buy an NFT that has uniqueness and value

NFT for me is the new hope for a new innovative concept that cryptocurrency brings to some crypto enthusiast that can earn from it. Mostly crypto enthusiast earn in NFT by making an art that has a good impact in the market, some puts the NFT into a virtual game that makes people earn from it by a play to earn NFT scheme. That's how cryptocurrency steps up into a new world.

They are lucky people, I know them in my country. Dinakan gozali everyday is a successful young man whose NFT sold more than $100k and got rich instantly even though he was not a famous person at first. Even some enternaiment and almost everyone in my country try to obey him by selling NFT no one can be as successful as him. It's true that playing NFT can be rich, but what unique ideas do you have for riches?

it is no longer in doubt. for art lovers and collectors. a unique work of art if it has attracted the interest of art collectors then they will not mind the price. they will be willing to pay a price that is unexpected or very high. because for them the beauty and uniqueness of a masterpiece of art is more valuable than money.

and now many art collectors are getting into the world of NFT. then don't hesitate to pour your best work into NFT.

The reason why some of the nft are bought expensive is the uniqueness of the art, if you have got something unique or of a memorable occasion and turn into nft the price will be high because of the uniqueness, there are many art collectors who don't mind the high price. The sentimental value is what they are after.

The reason why some of the nft are bought expensive is the uniqueness of the art, if you have got something unique or of a memorable occasion and turn into nft the price will be high because of the uniqueness, there are many art collectors who don't mind the high price. The sentimental value is what they are after.

the success achieved in the field of NFT is more to the individual expertise itself. like many artists who enter the world of NFT and achieve success. all of that can not be separated from the expertise they already have before working in the NFT field, namely the field of Artists. they just poured their talent into NFT and it worked.
and to get that skill or talent requires hard work and a lot of time is needed. then it can be said that a result will not lie to your efforts.
Behind success there must be pain.
like NFT ghazali everyday who in fact spends a lot of his time almost more than 3 years every day having to consistently take pictures of himself to be uploaded as an NFT on opensea. then his hard work and consistency deserves a well-deserved reward. and sure enough now he became rich from his hard work through NFT.

not all become rich, some become poor because of NFT
if we look at the success of that person we may think that everything is easy to get, but in reality it is difficult to get the results obtained, all need a process
The Crypto market is very volatile so I can't say NFT can make humans rich because behind someone's wealth there must be someone who is harmed from NFT itself

This just to show that anybody from around the world can create their own NFT's but to become rich just from NFT's is kinda hard TBH.

Its just wow. That is the word that I say when I saw this article. He just posted his 1000 pictures in Opensea and turned it into money. Correct me but there was a picture of him that is selling as high as an Ethereum. Well, there are some who are buying bored apes for 6 digit figures, there are some who are buying a collection of pictures for $69,000,000 so its possible that somebody can sell any pictures that they want to sell.

This is exactly what you noticed. And it is true that if something has increased somewhere, then someone has decreased. But people are getting richer and that's a fact. This hype will pass and ardent connoisseurs of this sphere will remain. And in my opinion, this is not as simple as it seems, and you need to understand this from the beginning of creation to the result of the sale.

This is a 22 year old Indonesia college students that make over $1 million from NFT

https://cointelegraph.com/news/22-year-old-indonesian-boy-makes-1m-by-selling-nft-selfies-on-opensea


Anyone can make it from NFT but there are many that are not profitable.

Lucky are those who get rich through NFTs. Yes, I've been hearing lots of testimonies from people who got rich through NFTs but not everyone who grabs opportunities from it gets lucky because most of them were just blessed as they carried by too much hype. Those who invested late usually ended up losing.  NFT is just good for a short-term goal so grabbing opportunities at an early phase would be an edge.

Yeah, it's possible to get rich from NFT, I remember reading one article about a certain guy who put his selfie in the marketplace and now it's worth a thousand dollars. So just like that, his life suddenly turns around for good.

I guess there's a extreme luck involved as well in the NFT world, but for sure there are many who is not lucky as those individuals and still trying to make it huge in NFT.

I tend to agree, it's all about the hype that could someday it will fade away.
So for now, it is yes, it is true that NFTs sellers suddenly get rich and most of them are those young artists who have skills in art.
Here is a blog of sales report about their NFTs that has been sold.

Even a simple art could be interesting to others and possible those collectibles are becoming expensive someday.

Those people are getting good amounts of money from selling their NFTs. I personally didn't even interested with NFT especially in art creation. 1,5% chance to success and more than 98% chance to fail. look at opensea now and it was getting flooded by so many useless picture and photos from so many people that think that they can sell theri NFT to the market easily. This trend was good but at the same time it's bad as well. I should remind you that if this trend is a short term trend. Those who get rich from NFTs are influencers or they have value. I would not be surprised to see that some people can afford to make bunch of money from NFTs caused by they are selling their popularity for the money. I see that so many artists are starting to move into the NFT after they have seen the potential of NFTs but this doesn't mean ordinary person can get rich from NFT.

Personally, I think that these NFT collectibles is a temporary hype and that the interest will drop in this after a while. I don't get the buzz around these NFT's but as always, multiple people have made a lot of money out of it. That's also the beauty from crypto. There are always new ways to make money if you really want.

We definitely don't know the ultimate truth regarding those transactions. But yes, some people are lucky to sell their NFT arts at an expensive price. But don't get your hopes up as not all people can imitate their success. A lot of NFT collectibles will be trash very soon. So if you want to try to get hands on NFT, make sure you do your own research regarding the authenticity of the item. Otherwise, you will be one of those holders of a worthless item.

What they have earned from selling their NFTs were not so big and i would not say if they have been getting rich caused by selling their NFT in the NFTs market like opensea. I personally think that too much manipulation happened in NFT market and we didn't know which was transaction that can be considered as a real transaction and these transactions didn't only involve in the hype. You can see that those who have soldcryptopunk or something like this. They can be considered as get rich users from their NFTs but why the article didn't consider them. You're taking the article from the local site and i don't what means of such article but if you wanna say about this and it's better if you search a reliable article.

NFTs are weird, most of the art you can’t imagine to get sold at a higher price and yes NFTs made some people rich in an instant, and hopefully this will not burst as well. NFTs seems to be on a good position right now, if you have the weirdest idea better to enter into NFT because you might be more lucky if someone buy your work, that could be the start for you.

^ That is true because they are lucky with what they have been invested.
There are a lot of people who are very interested in these NFT projects and for sure one of them has been managed to become more profitable in this project. I am a little bit interested last year but due to lack of financial support I stopped on it, probably when I will recover and get a permanent job which is I can sustain to invest, that is the time that I will never leave on NFTs projects.

That's true.

It's sort of the a bubble and many of them have sold it at the top of its price. The valuation depends on the seller and if it's valuable, it's depending on the buyer.

There are too many NFTs in the market that have been sold in valuation of millions just like those apes NFT and as well as other artworks that have been in a collection.

Thats how reality works on where it is a tug of war between sellers and buyers on where those people who do able to take out with profits are the ones victorious and to those
people who had end up on wrecked up their investments.

It is really just a simple concept on how investment works and it is indeed having two sides.You could really be rich into something but of course it would
involved those good decision making on when to get in and when to get out.

If you are wise and somewhat a bit mix of luck then you could potentially make yourself a millionaire or simply rich.

Probably yes because indeed we all saw how NFT's really become so expensive that day wherein at the start up and how many people can easily making money from it.. Actually i have friends and what he got from playing NFT's is massive even his capital isn't high and at the same time he invested as well and probably that's why he had very amazing profits from. So i wouldn't be surprised if there's are some people that become rich with NFT's especially those who have good capital as well because for sure they all have massive return as well..

Well it's true.

But I actually don't find the value of spending too much money just for a poor designed digital art.
Yeah they say it is an art but I still don't get it and I think it will not last long.

Nobody cares if you own a digital picture of monkey which has your wallet address in it. It is still
a monkey with glasses. But IDK, maybe some are really an artistic person and find it really adorable. 

Floor prize of Ghozali Everyday NFT collections is 0.2 eth ($680) for just a picture taken in front of his computer everyday lol crazy world and the people who manipulates NFT . I wonder what is really the usecase of this NFT art like this one? Why they would spent this amount of money into nonsense images?  

You missed the most important people in NFT, namely Devin Finzer and Alex Atallah. Because without these two people, the wealth from selling NFT would not be here. Where Hype NFT which will now only be a pile of images that are completely messed up. Why do I say that? nowadays digital designers can do that easily, in fact we can upload any image in Markets like OpenSea by putting a big price. But will it sell? not sure. If without the Hype and good promotions everything would not be as crowded as it is now. The later in NFT the more unruly. Many beginners think that the concept of NFT is as simple as uploading a photo of someone else's art and selling it right away.

An intellectual property without permission will only make someone not know how to respect artists.

It is true but it is half of story and half of truth is not the truth.

Crypto market is very volatile so if you read news like there are people suddenly get rich, become billionaires from NFTs, you should know that there are many people lose money from NFTs.

Fact is it is a zero sum game so if a person get millions of dollars from NFT, it means the amount come from another person (loser) or lot of other people (losers) in the NFT market.

NFT are even more getting popular as of now, there's a lot of NFT in the internet that cost a lot of money. People are making money out of it by making their unique stuff an NFT. I've seen a guy who make a collage of his artworks since he was just a starting artist and made it an NFT, sold it for about $24,000,00 or $29,000,000 worth of ETH if I'm not mistaken. It was bought by his number 1 fan and a multi billionaire in Bitcoin.

Yup, NFT is a whole surprising world to many of us. The values and volume both that is getting traded in the world of NFT is just crazy.
After reading your post I was looking after OpenSea market, and just filtered some of the top gainers in the market.

I am not sure why there is much crunch in the market right now but there is one guy who is up in the sales by 1682132 %

Yup, you read it correct, its not the USD value of the NFT asset, but its % gain in the last 7 days for all the NFT's this guy is selling out in the market.
The volume of trade for this group alone 12,000 ETH. If we convert this to USD at the time of writing this post then its around ~ ~ 40105440 USD.

Thats crazy market. So yup, I am getting your drift here. If anyone is skilled into something then they should be the one getting into this market while its booming. Sooner or later something else will take over.

as we all know that NFT (non-fungible token) is a digital file whose unique identity and ownership are verified on the blockchain. NFT is not exchanged [wikipedia] and moreover NFT is like a digital certificate for those who have photos, videos or other virtual forms.

Recently we were surprised by the presence of a man who suddenly became rich from selling NFT entitled Ghazali Everyday which contains selfies of himself from day to day and he uploads them and makes NFT on opensea.io the largest NFT market today .
who is that man?
are you sure you memorized it? Yes, it's true that the man's real name is Sultan Gustaf Al Ghozali or commonly called Ghozali Ghozalu. from this fact proves that one can really get rich suddenly or achieve success from NFT. and it's not just Ghozali who has achieved success in the NFT world. but everything can not be separated from the results of one's hard work. and also maybe because there is a luck factor. because basically not everyone can achieve success like that.

but do not be discouraged, because it turns out that it is not only ghozali who has achieved success in the field of NFT.

the following are some people who also achieve success from NFT.

1.Lana Denina
Lana Denina is a female artist who is still young at the age of 24. She has entered the NFT world since February 2021. She has successfully earned a profit of US$ 300,000. wow fantastic isn't it?

2.Eric Young
Eric Young graduated from business school in 2009 and that makes him a person who is good at economics and has worked at a Bank of America Merrill Lynch. he then plunged into the crypto world in 2015 namely his first bitcoin purchase. and he continued to save and invest in bitcoin until 2018 until finally he found another opportunity besides bitcoin, namely NFT and he studied it and plunged into the world of NFT. and he also achieved or can be called increased success when Eric bought Mad Dog Jones' NFT he paid him US$700 for two works by Mad Dog Jones and sold them for US$240,000. and many other success stories.

3.Daniel Maegaard
Daniel Maegaard in late 2018 discovered the NFT connected to the sale of land in the blockchain-based game Axie Infinity and he started buying and collecting it. and in May 2020 Daniel Maegaard spent the equivalent of US$20,000 on a piece codenamed Punk #6487, which depicts a pixelated face on a blue-grey background, from the NFT series known as CryptoPunks. and in February 2021, he managed to sell it for 550 Ether, or about US$1 million at the time!

those are some people who managed to achieve success from NFT. are you also one of the people who are interested in NFT or maybe you have plunged into it?.

thanks for reading . May we all have success and be inspired by these people.
and we can conclude that we can really be successful from NFT but of course it must be accompanied by knowledge and of course we have to work hard to produce works that deserve to be made into something valuable and we must really be interested in that.

source :
https://ekbis.sindonews.com/read/657441/34/simak-5-fakta-nft-yang-bikin-ghozali-jadi-miliarder-dadakan-1642219272/
https://www.cnbcindonesia.com/lifestyle/20211206140008-33-296979/cuan-rp-43-m-wanita-ini-sukses-manfaatkan-tren-nft