The year 2021 has demonstrated that Indian superstars, like their American counterparts, are susceptible to NFTs. From Amitabh Bachchan and Salman Khan to Yuvraj Singh, they all have one thing in common. They have all jumped on board the NFT wave and released their own NFT collections of clothing and accessories. Today’s article is all about Best Amitabh Bachchan NFT collections, prices, marketplaces and ideas.
What was the NFT collection of Amitabh Bachchan?
‘Madhushala’ non-fungible token (NFT) collections, autographed posters, and other items from Bollywood superstar Amitabh Bachchan were auctioned off for close to $1 million at the end of the auction.
The auction for Bachchan’s ‘Madhushala’ NFT collection closed with the highest ever bid in India, at $756,000, making it the most expensive collection ever sold in India. On the first day of the auction, it received bids totalling $420,000.
The auction for Bachchan’s ‘Madhushala’ NFT collection closed with the highest ever bid in India, at $756,000. This made it the most expensive collection ever sold in India. On the first day of the auction, it received bids totalling $420,000.
Madhushala NFT is a compilation of poems by the actor’s father. It was rendered in the legend’s own voice for the first time. The auction also includes seven signed posters from his classic films, as well as half a dozen treasures from his “punk and NFTs art and poster collection,” which have already fetched bids totalling more than $100,000 on Day 1.
How does the NFT price is decided?
Despite the fact that there are no formal rule books to follow, the reputation of the art and the creator in the real world is the most important factor in determining the price of the work. The story behind the artwork, the nature of the artwork, and the social currency of the artist are all important considerations.
What exactly is an NFT?
NFTs are a sort of digital asset that uses blockchain technology to record the ownership of goods such as photographs, films, and other collectables, as well as other types of digital assets. Many people have been perplexed by their rising popularity, but the trend shows no signs of slowing down.
NFTs are purchased by collectors and investors, and they may be bought and sold on the secondary market as well as the primary market. In the case of the NFT, the creator has the option of either selling the NFT to a limited number of collectors or creating a one-of-a-kind work for the market.
You can always count on Bollywood’s hitmaker to create a splash wherever he goes, whether it’s in the film industry or the NFT world. In October 2021, superstar Salman Khan collaborated with Bollycoin, an Indian NFT marketplace, to develop his own NFT collection, which would be available for purchase.