Famous Bollywood superstar Amitabh Bachchan’s NFT (Non-Fungible Tokens) broke all records on the very first day of its auction. More than 5 lakh 20 thousand dollars were received for Amitabh’s NFT. For the poem ‘Madhushala’ by Amitabh’s father Harivansh Rai Bachchan, bids of 4 lakh 20 thousand dollars were received. 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. There are many other collectibles related to him in the auction. The auction went live on Monday. It will run till Thursday.
Memories related to Amitabh can be bought for just Rs 750
A feature in the auction ‘Loot Box’, is included. Its price is $ 10. That is, you can get 5000 collectibles related to Amitabh Bachchan for 750 rupees. For this 3 thousand fans have signed-up. This NFT auction was conducted by BeyondLife.club and Guardian Link. It is a branded de-centralized market place for NFTs. Amitabh Bachchan has said in a statement that NFT has opened a new scope of connectivity in the world of metaverses and digitization. Through this a new medium has been found to connect with the fans.
After Amitabh, now Salman Khan is bringing his NFT, will launch his product on Bollycoin.Com
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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