Bollywood superstar Amitabh Bachchan has sold his NFT collection for $ 9,66,000 i.e. approximately Rs 7.18 crore. He got this price for his NFT in an auction hosted by BeyondLife.club. The most successful NFT during the auction was ‘Madhushala’. This is a collection of poems by his father Harivansh Rai Bachchan, which he has sung in his own voice. For this Amitabh got Rs 5.5 crore.
The feature of Loot Box was also added in this auction. In this, each bidder was guaranteed to get an art piece. For this, 60 lakh bidders placed bets in the first minute. All 5000 NFTs earmarked for this were sold out in 54 minutes. 65 per cent of the bids were placed from India and 35 per cent from people from the rest of the world.
Records were broken on the very first day
It broke records on the very first day of bidding. More than 5 lakh 20 thousand dollars were received for Amitabh’s NFT. Bids of 4 lakh 20 thousand dollars were received for ‘Madhushala’. The auction includes a recording of Madhushala sung in the voice of Amitabh. Apart from this, there are also seven posters of his films, which are signed by him.
NFT Auction: Amitabh Bachchan’s NFT broke records on the very first day of the auction, bidding for more than 5 lakh 20 lakh dollars
What is NFT?
An NFT or Non-fungible token is a unique identifier that can cryptographically assign and prove the ownership of a digital object. NFTs of digital artwork have been sold for millions of dollars. Broadly speaking, NFT is a digital asset that links the ownership of a unique physical or digital item. This asset can be a painting, real estate, music or video. In a way, these are collectible things of today’s era. These can be sold or bought online.
NFTs are recorded on the blockchain in a very secure way. The same technology is also used in cryptocurrencies. This means that if a painting is NFT then it will be alone in itself. This technology will make its copying difficult. The original painting will not be tampered with.
Recently, Twitter CEO Jack Dorsey auctioned his first tweet for NFT 2.9 million dollars. Similarly, when Bollywood stars sell their item as NFT, it will be the same. It will not be copied. Because of this, its price will also be higher. Later this NFT can also be bought and sold.
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