Bollywood megastar Amitabh Bachchan is planning to join the non-fungible token bandwagon (NFTs)
Through the NFT platform beyond life, the legendary actor will introduce his own NFT line. Celebrities and sports formed the NFT trading platform GuardianLink.io and Club. marketing and management agency Rhiti Entertainment.
“I have joined Rhiti Entertainment Ltd–Singapore and will debut NFTs on the platform shortly,” Amitabh Bachchan said on announcing the partnership.
As reported by Beyond life. Club, the first set of limited edition NFTs would comprise “golden verses of ‘Madhushala’. A musically by Amitabhji with backstories, autographed posters emphasizing Amitabhji’s career’s key
milestones. Also rare digital cherishable from the past and present.”
Celebrities are profiting from NFTs all around the world. Paris Hilton, Lindsay Lohan, Kings of Leon, Tony Hawk, Snoop Dogg, musician Azealia Banks. Scottish singer Lewis Capaldi and others have already launched their NFTs.
“NFTs can transform the creative arts industry for the betterment of all stakeholders.” they can convert artwork into digital assets that can exchange on a secure blockchain network.
They also enable artists to sell their work digitally rather than at a physical auction. And the inability to copy NFTs makes the artwork incredibly original, resulting in a greater monetary value.
NFTs are still in their infancy in India. However, with a global superstar like Amitabh Bachchan promoting them. We can expect a significant increase in NFT usage in the country, said Jay Hao, CEO of OKEx.com, a cryptocurrency exchange.
It’s incredible to see how quickly NFT has become a hot choice among artists all around the world looking to monetize their work. The potential for growth and opportunities that exist within this realm is unimaginable.
In a statement, Arun Pandey, MD & chairperson, Rhiti Group, stated, “Artists are latching on to this technology to generate a value around their life and work, which was almost dormant prior.”
For the uninitiated, each NFT is one-of-a-kind and cannot be on sale, unlike cryptocurrencies, which are all similar and also useful for commercial transactions.
For example, one Bitcoin is equal to another Bitcoin. or one Re is equivalent to another Re 1. but because of their uniqueness, NFTs cannot be used to exchange.
WazirX, a crypto exchange owned by Finance. Established South Asia’s first NFT marketplace in June. Permit to artists, makers, and collectors in India.
And overseas to create and sell unique digital assets, including art, music, films, collectibles, and in-game articles.
