Bollywood and its madness for NFT

Bollywood and its madness for NFT

The NFT market in India is becoming full of Bollywood celebrities. Irreplaceable tokens interfere with the art world.

For those who don’t know, NFTs are unique, unique digital tokens built on blockchain. Moreover, NFTs can be anything digital, from music, art, videos, tweets, articles, etc.

In recent times, NFT creators like Larva Labs have popularized this form of digital collecting. Furthermore, celebrities around the world are entering the NFT world. So it’s no surprise that Bollywood is catching up.

Recent Bollywood Movies Cashing In On NFT

Recently, they are the creators of the film Jhund announced their connection to the NFT platform Superstar Xchange. The film stars Amitabh Bachchan.

According to reports, the manufacturers are launching two golden editions of NFT that represent two Jhunda movie posters. In addition, the price of NFT is set at $ 2,824.26 per piece.

Moreover, Superstar Xchange plans to launch more Jhund-related NFTs. Savita Raj Hiremath, co-founder of Superstar Xchange, said they have ties to other Bollywood ventures. In addition, the platform will be extended to other film industries in India.

Another recent Bollywood film that has hit the NFT market is 83. A movie starring Ranveer Singh launched own digital collectibles with its NFT partner Social Swag. Digital collectibles included video moments, unseen posters and images, digital avatars, etc.

Apparently, just hours after the fall of the NFT, 83 made sales of 10 lakh INR. In addition to filmmakers, Bollywood celebrities are also launching their own personal NFTs. Actors love Kamal Haasan, Salman Khan, Sonu Nigam, Amitabh Bachchan they all launched their digital memorabilia through NFT.

Read also: The SEC targets NFT creators and markets in relation to ICO-type sales

More players and movies in terms of the NFT market

According to NFT market insiders, film-based digital collectibles will soon grow. Many Indian NFT markets believe that film NFT will be the trend in the coming months. With NFT releases before theaters, movie retailers will adopt trends to keep the buzz on the surface.

According to co-founder Ramkumar Subramaniyam, film NFT is gaining a lot of attention in India. Last year, Subramaniam launched NFT Amitabha Bachchan which sold for more than 7 million INR.

Inspired by this trend, many more NFT platforms are looking at the Indian market. Companies like Fantico run Bollywood NFTs paired with physical assets like Akshay Kumar Versace jacket from the film Dhadkan and Javed Akhtar’s handwritten texts from Hawa Hawai from Mr. India.

In addition, the company even offers NFTs from original theatrical works. For example, they launched NFT which consists of works of art from Mughal-E-Azam.

Also, NFT marketplace offered digital collectibles consisting of three Rajnikanth blockbuster films. This included Sivadzija, Chandramuki and Kabali. Apparently, the first 17 NFTs of Sivaji were sold in the price range of 99-1500 dollars.

Encouraged by Rajnikant NFT’s response, Diginoor has added more than 5,000 titles of Indian films to its offering and has partnered with production companies such as Reliance Entertainment.

Crypto merchants believe that NFTs will be on the rise in the future. Moreover, film NFT will become a profitable sector.

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