Last year, non-fungible tokens or NFTs swept the world. Blockchain-based digital collectibles have completely changed the way we look at investment and assets. With digital art, music, fashion statements and movie posters, the world of NFTs is growing like never before.
NFTs are unique and exclusive crypto digital assets that exist within the blockchain. All NFTs come with their own code and cannot be duplicated.
Some of the most unique ones can cost millions, so your NFT business will be billions.Digital artist to see things Beeple Sold NFT for US $ 69 million at Christie’s auction. Twitter founder Jack Dorsey sold his first tweet at 1,630.58 Ether. That’s about US $ 2.9 million at the point of sale.
If you’re wondering what determines the value of these NFTs, read on.
There is no actual rulebook to go through, but the credibility of art and artists in the physical world plays the most important role in determining pricing. The story behind the artwork, its nature, and the artist’s social currency all have a role to play.
Vishakha Singh, VP of the WazirX NFT Marketplace, said:However, the price is mainly determined by the creator NFT.. All NFTs are rare works of art because they cannot be duplicated. This “hard-to-find” factor, combined with its usefulness in the physical world for some, as well as digital, makes up for its price.
Coming home, India does not yet have a regulatory authority to monitor cryptography and NFTs. In March 2021, the government announced that all companies Cryptocurrency..
Therefore, Shin added: “The Blockchain and Crypto Assets Council (BACC), which is part of the Internet and Mobile Association of India (IAMAI), is currently equipped with better facilities for devising guidelines. We leave it to government agencies. And propose the appropriate body to regulate it. “
In 2021, Indian celebrities also proved to be NFT-dependent. From Amitabh Bachchan and Manish Malhotra to Yuvraj Singh, they all have one thing in common. They all participated in this trend and launched their own NFT collection.
This is the Indian celebrity who launched his own NFT
Bollywood legend Amitabh Bachchan followed the NFT trend and sold his father’s iconic poetry readings in November 2021. Madushala In the form of NFTs.
Big B Published poetry as part of his NFT collection. flame And other souvenirs. The deal was made through the NFT Marketplace BeyondLife.club and the entire collection was sold at about Rs7.18 Chlore.
Trust Bollywood’s hit makers and be a big success whenever you try something, be it a movie or an NFT world. October 2021, Dabang The actor collaborated with Bollycoin, the Bollywood NFT Marketplace, to launch the NFT collection.
On December 25, 2021, Salman Khan twitter This NFT space and his DabangBase NFT series. The collection was released on December 30th and featured 200 NFTs, 42 of which were movie scenes. The NFT will end on February 11, 2022, during which eight auctions will be held. Investors can work with cryptocurrencies like Ethereum and Polygons.
BolicoinFounded by Atul Agnihotri, it has partnered with some of the most well-known production companies such as Salman Khan Films, Arbaaz Khan Production, Sohail Khan Productionz and Reel Life Production Pvt.Ltd
Superstar Rajinikanth is no wonder for the blockbuster. This time, the actor delivered another hit when he delved into the world of NFTs and released movie merchandise.Partnership with Singapore-based NFT Marketplace Diginoor.io and Rajinikanth Launched NFT Based on his 2007 Tamil Action blockbuster Shivaji Boss July 2021.
Diginoor.io signed up with movie production company AVM Studios, and the starting price for the 17 NFTs ranged from $ 99 (Rs 7,386.59) to $ 1,500 (Rs 1,11,918). Needless to say, it sold out quickly. The platform has accepted transactions via debit cards, credit cards, or cryptocurrencies.
Kamal Haasan, a South superstar who turned from an actor to a politician, also has his NFT collection. The announcement came a week after Amitabh Bachchan earned a tremendous amount of money from his collection.
Harsan has worked with celebrity NFT platform Fantico to auction his movie souvenirs, but the date remains undisclosed. Fantico founder Abu Hayanando Singh, Tweet “Fantico, an NFT and gaming company owned by Vistas Media Capital, is proud to partner with Kamal Haasan in the Metaverse and NFT expansion.”
Not only that. Kamal Hasan It is also the first Indian to have his own Metaverse featuring his own avatar. Fantico creates a metaverse game where Avatar has its own world. Participants and fans can interact with Avatar, buy souvenirs, and participate in meet-and-greet sessions.
Actors who participated in the venture through Lotus Media Entertainment are said to launch 100 to 1000 NFTs based on movie posters, souvenirs, avatars and more.
Indian ace fashion designer Manish Malhotra will be the first person in the country to enter the world of cryptocurrencies from his field. In October 2021, he released five limited-edition sketches of couture and runway GIFs worn by Lisa Ray, Deepika Parkon, Kareena Kapoor Khan, and Ariabat.
The auction went live at WazirXNFT Marketplace Sold out soon. One of the sketches of his costume, famously worn by Kareena Kapoor Khan, is Illuminous show stopper3,000 WRX, which is about US $ 4,000 (almost 28,000 rupees).
Actress Sunny Leone also joined the NFT trend and partnered with the NFT platform. Mintdropz To be the first Indian actress to launch her collection— Sunny Leone’s Miss Fitz.. Bold and quirky motifs, flashy characters, and eclectic things all made NFT unique.
The collection has over 9,600 NFTs and sold out in November.Overjoyed Sunny Leone said News 18, “This is a private sale and sold out quickly. I’m excited about the hype behind my collection and the support from my community.”
The cricket legend continues to captivate fans with his commentary and humor. Now at the age of 72, Sunil Gavaskar has begun a new inning by entering the world of NFTs.Former cricket player has his collection alwaysfirst.io in October published on November 21, 2021.
The original Little Master used his Instagram account to drop the collection, and his son Rohan Gavaskar announced it. twitter.. The theme is “Always First”.
If you remember the winning stroke of Dinesh Kartic, who hit 6 against Bangladesh in the Nidahas Trophy in 2018, this news will surely excite you.
Karthik was co-founded with his brother-in-law and squash player Sourav Ghoshal to immortalize the masterstrokes in the NFT released on October 12, 2021.
title 6 for victory, NFT was auctioned to rarrible.com October 22nd. It was worth 5 Ethereum or about 15 rupees. This was the first sports and cricket NFT in India.
Karthik said CNBC, “I was keen to incorporate my emotions into the artwork. As the bowler stands at the top of his mark, I have to encapsulate that moment and how it feels to the cricket player. I wanted to tell the fans if it wouldn’t happen. “
Yuvraj Singh is a recent participant. NFT Enthusiasm when he launched his collection on December 12, 2021 on his 40th birthday. The collection was released on December 25th in partnership with the NFT Marketplace Collection.
After sharing the news twitter, Cricket players all correspond to his collection featuring his bats, jerseys and other special sporting souvenirs. All the fans are ready for the collection that will take them through his cricket days and some milestone events.
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Raghavendra Rathore
Another top fashion designer, Raghavendra Rathore Known for his couture in ethnic men’s and bridal clothing.The designer created his NFT collection in 2021 WazirXNFT Marketplace In collaboration with the Indian Fashion Design Council (FDCI) x Lakme Fashion Week, we became the first Indian fashion designer to use it for charity purposes.
The collection contained two sets of NFTs. The first set was inspired by the brand’s traditional charm, and the second set was a lot of digitized designer artwork.
The collection features some of his iconic designs and Raghavendra Rathore Foundation. A portion of the proceeds went to the Foundation and its various charitable projects.
Hero image: Courtesy Amitabh Bachchan / Instagram; Featured Image: Courtesy Salman Khan / Instagram
