An Indonesian College Student Makes $1.8M with Memecoin and NFT Project

A young Indonesian “selfie guy” who earned over $1 million in 2022 by selling selfie NFTs has raised $1.8 million through the presale of his new memecoin and NFT hybrid project on the Base blockchain.

In January 2022, Ghozali, then a college student, minted a collection called “Ghozali Everyday” containing over 1,000 selfies he had taken daily for five years. Against all odds, the NFT series struck a chord with the crypto community, netting Ghozali an astonishing $1 million payday at just 22 years old.

He proclaimed it the “stupidest idea” that paid off, gaining celebrity status as the “selfie guy” among NFT enthusiasts. However, after graduating college in 2023, Ghozali announced his intention to stop the daily selfie routine on the platform formerly known as Twitter.

Just took the last selfie when I graduated from college and finally i can stop this doing this shit almost every day

6 years taking selfies every day is the stupidest idea I ever came up with, but luckily I can make money from it pic.twitter.com/qftRH6WRua

— Ghozali (@Ghozali_Ghozalu) August 24, 2023

Ghozali Memecoin Mania Comeback

Months later, as the memecoin frenzy gripped the crypto world, Ghozali resurfaced with “Ghozali Everyday V2” – fusing his famous selfie concept with the memecoin trend.

Launching a presale for the project on March 24th via the Base blockchain, Ghozali quickly surpassed the 400 ETH funding cap, raising over $1.8 million at press time from investors eager to get a piece of the action.

launching the second part of Ghozali Everyday: a memecoin and nft hybrid on Base 🛜

PRESALE is open, send eth to 0x4553555f6a451EC415f698A524B5e02E38acFB6C (eth mainnet/base only) 🙏🏻

min 0.05 ETH 👈🏻
max 2 ETH ✅
cap 400 ETH 🛎
100% of ETH raised goes to LP 🛜

Ghozali 404 🙆🏻‍♂️… pic.twitter.com/HYAfHkh1z3

— Ghozali (@Ghozali_Ghozalu) March 24, 2024

The memecoin and NFT hybrid taps into the recent surge of interest in crypto projects centered around internet memes and culture. This wave has been particularly pronounced on the Solana blockchain, where presale projects raised a staggering $100 million in just three days in mid-March according to data.

Read Also: Crypto Trader Makes $1 Million from Memecoin Following Elon Musk’s Bio Change

Base Blockchain’s Rising Popularity

While Solana kicked off the memecoin mania, the spotlight may be shifting to Base, the Ethereum layer-2 blockchain developed by Coinbase.

Base’s total value locked (TVL) has doubled to over $2 billion as of March 23rd, with speculators eyeing it as the potential next hotbed for memecoin projects after Solana.

Despite the hype, established financial institutions like Franklin Templeton have cautioned that memecoins largely lack inherent value or utility. However, the asset manager conceded their potential to generate quick profits for risk-tolerant investors caught up in transient market frenzies.