homephotos Newsindia NewsBollywood's new love affair with crypto – celebrities jumping on NFT bandwagon

Bollywood's new love affair with crypto – celebrities jumping on NFT bandwagon

SUMMARY

All forms of art, tweets, music, GIFs, and more such digital assets can be owned through NFTs. Not just collectors or investors, but Bollywood stars are also jumping on the bandwagon

By CNBCTV18.com Nov 27, 2021 9:11:29 AM IST (Published)


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Non-Fungible Tokens (NFTs) are the next big thing in the world of cryptos, NFTs enable users to own rare digital artefacts through the blockchain network that backs cryptocurrencies. All forms of art, tweets, music, GIFs, and more such digital assets can be owned through NFTs. Not just collectors or investors, but Bollywood stars are also jumping on the bandwagon. Let's look at some of the big names and their investments. (Image: Shutterstock)

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Amitabh Bachchan recently launched NFTs and personal collectibles on beyondlife.club. These NFTs include his autographed vintage posters, a recital of his father's famous poem Madhushala, and other items associated with his stardom. In a recent auction, the digital collectibles from his NFT series were sold for roughly Rs 7.18 crore ($966,000). (Image: Reuters)

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