Ground Report | New Delhi: Amitabh Bachchan’s NFT Launched; Bollywood actors are launching Non-Fungible Tokens (NFTs). Now, Amitabh Bachchan’s recent announcement for launching his NFT collection.
Amitabh Bachchan’s NFT Launched
Bachchan will be rolling out his NFTs – a collection of unique and limited artifacts around him, which includes Sholay-like posters autographed by him, ‘Madhushala’ verses recited by him with backstories and rare digital treasures of the past. Beyondlife.club platform.
The platform is a partnership between Rhiti Entertainment and the No Code NFT exchange platform- GuardianLink.io. Bachchan commented on the partnership, “I have joined Rhiti Entertainment, Singapore, and will soon launch NFT on the platform.”
The NFT auction will be held in the first week of November. To participate, all you need to do is log on to BeyondLife.Club, bid during the auction, exceed or meet the reserve price, and become the proud owner of a unique NFT. You can trade or auction it later anytime. The site is allowing the use of debit and credit cards to make payments during the auction.
In fact, since the auction is closed for some time, the site is requesting fans to provide suggestions for NFTs to be created by Bachchan. “It could be an audio clip, a signed poster or even a meet-and-greet,” the website says.
India’s NFT space
Arun Pandey, MD & Chairman, Rhiti Group & Co-Founder, BeyondLife.Club said, “The most awaited NFT drop of this year will soon go live and this drop wallet will be available only if you add value to it. Join the effort and get ready to get your hands on Amit-ji’s wealth of significance, history, extraordinary existence value, and beyond. Here users have a chance to be a part of something that is unique to India’s NFT space. and become a part of history by owning these remarkable yet distinctive properties.
Keyur Patel, Co-Founder and President, Guardian, and Co-Founder of BeyondLife.Club, said, “India’s NFT exchange space has gained a lot of traction over the past few months due to the entry of celebrities like Amitji into this previously unseen digital space. But there is still a sense of curiosity among people due to its digital nature and rising incidents of hacking and fraud.
This is where our platform and every aspect of it including the newly announced Drop Wallet is miles apart from existing players With our real-time secure, scalable and innovative technology platform, we not only strive to provide a streamlined experience, we also ensure the safety and security of every aspect of the platform whether it is NFTs or how transactions are conducted go”
The rise of NFTs has baffled many who say that there is no point in spending large sums of money on items that do not physically exist and can only be viewed online. Nevertheless, NFT’s global sales volume increased to US$10.7 billion in the third quarter of 2021, an eight-fold increase from the previous quarter, data from market tracker Dappradar showed.
What is Non-Fungible Token (NFT)?
In order to explain what a non-fungible token (TNF) is, or (NFT) according to its use in English, we must first break down the term to help us better understand what it is about. Token, “symbolic (a)” is an individual unit created by some organizations in order to provide their users with a valuable product to interact with the company. Non-Fungible defines something unique, which cannot be substituted or replaced by another.
With this clear, we can delve a little more into its meaning in the digital world. In this area, we can define non-fungible tokens as unique digital assets, encrypted and linked to the blockchain. These cannot be exchanged for others, due to their unique and unrepeatable nature. And thanks to their unique functions, NFTs cannot be copied or divided into smaller fractional units either. As the name suggests, NFT is unique and not interchangeable.
In other words, tokens represent something unique, encrypted, that cannot be exchanged, and whose use is focused on the representation of assets. Developed with blockchain technology, NFT is a tokens cryptocurrency that represents a single entity in the chain of blocks. And, since they are not interchangeable, they can serve as proof of authenticity and ownership in the digital arena. Thus, NFTs can be taken as digital assets or tokenized versions of assets of real-world value.
Most NFTs are part of the Etherian blockchain. Ethereum is a cryptocurrency, like Bitcoin or Dogecoin, but its blockchain also supports these NFTs.