In Brief:
- Bollywood actor Salman Khan is going to launch an NFT collection for his fans soon.
- Salman Khan has tied up with the bollywood NFT marketplace Bollycoin.
- NFTs will be auctioned on the Ethereum blockchain.
Salman Khan will soon release his NFT (Non-fungible tokens) collection for his fans, following in the footsteps of megastar Amitabh Bachchan. He has tied up with Bollycoin, a Bollywood NFT marketplace to launch his NFTs.
According to a white paper filed by BollyCoin.com, digital collectibles from Bollywood will be auctioned off on the Ethereum blockchain, providing an innovative way for Bollywood fans worldwide to own NFTs of their favourite Bollywood films and celebrities.
Earlier everyone’s favourite Amitabh Bachchan introduced his own NFT, which would consist of one-of-a-kind and limited-edition artworks inspired by Amitabh Bachchan and his life. The NFTs will also include a recital of poems from Madhushala, his father Harivansh Rai Bachchan’s acclaimed collection of poems and anecdotes from his illustrious career.
Sharat Chandra, a blockchain and emerging technology evangelist, stated “NFTs have caught the imagination of Bollywood superstars. Amitabh Bachchan and Salman Khan have set the ball rolling,”
“More mainstream Bollywood artists and creators would follow their footsteps in utilizing blockchain technology for creating superior fan engagement experience through fan tokens, digital collectibles, and avatars,” he further added.
Atul Agnihotri, Armand Poonawala, Kyle Lopez, Aaliya Kanuga, Karamvir Sachdev, and Sujith Somraj co-founded Bollycoin.
According to Hitesh Malviya, founder of itsblockchain.com, it’s good news that Salman is launching an NFT collection because it means that more celebrities and entertainment studios will follow suit. He anticipates that more Bollywood stars will enter the fray in the coming year.
“However, the issue here is that Indian investors are not well-versed in NFTs and the risks associated with them,” he further added.
Malviya warned investors not to invest blindly in the face of NFT scams. “Acquire knowledge about NFTs before putting your money into NFTs, which are nascent and high risk investments,” he suggested.
