Very recently, you must have seen the craze amongst Bollywood stars in launching NFTs? And, why not? It is the next big thing. Better known as non-fungible tokens, you will find them gaining favour in the world of investment tools.
Many new-age investors are cashing in on this trend that promises thousands of dollars in gains. Celebs launch NFTs amid global craze and is making news on all leading media channels today.
NFTs Decoded for You
NFTs are digital currencies in the blockchain network. The blockchain supports such non-fungible items. Drawings, music, and arts have got rave reviews amidst global uncertainties. So, most people are hopping on this bandwagon.
Although the government is yet to take a stance on the legality of these currencies, they are raging globally. You can get a share of the valuation of artistic valuables like audio, videos, and other collectibles. Moreover, you will be amazed to know that Indian celebrities Salman Khan and Amitabh Bachchan are also planning to launch their NFTs soon.
Amitabh Bachchan’s NFTs will include autographed posters of his films. Salman Khan has also boasted about his own on Twitter, where he has 43 million followers. With newer avenues to generate money kicking in, you will soon find the celebrities from Bollywood making a beeline for such ventures.
Bollywood News Abuzz
NFTs are in their nascent stages in India and Bollywood. Manish Malhotra, who is one of the top fashion designers in India, recently sold his NFTs. They are digital artworks of some of his most iconic creations that sold for $4,000 for one piece.
You can also check out Malhotra’s website and select one of his bridal outfits as NFTs. The rise of the sale of NFTs has made a few sceptical. The reason is that the assets people are buying do not get to reach them physically. Moreover, they can only view them online. If numbers are to be believed, the global sales figures of NFTs have crossed the $10.7 billion mark.
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NFTs are not showing any signs of relaxing any time soon. Sunny Leone’s MISFTIZ is also raging across the country. She launched her coins in October of 2021. She said in a recent interview that it was a private sale. And, she was sold out almost on launch.
Other Bollywood stars who have joined the bandwagon are Mika Singh and Rapper Raftaar. This craze is taking the world by storm. Now, it is hailed as one of the most effective money-generating tools on the bitcoin ecosystem.
Dinesh Kartik has also launched his sports NFTs. He has managed to hold on to the last ball, six against Bangladesh. The digital artwork is available for sale. non-fungible tokens seem to be the next big thing already after Bitcoin and Ethereum.
It may take time for people to understand the trend of NFT but this is for sure to say that with emerging markets currencies, assets and wealth are changing rapidly. Growing with this trend one needs a constant update and knowledge of the subject.
Many celebs will launch NFTs amid the global craze in the year ahead, as it is believed. So, get the best ones for your growing asset kitty.
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