A non-fungible token is a financial instrument made out of digital data stored on a blockchain.
Aside from the phenomenal success of the '83' movie NFT sale, we recently witnessed an NFT auction of Bollywood icon amitabh bachan nft collection, which fetched one million dollars.
While this is crucial for the Indian business, NFTs have also made strides in other countries. After that All About Amitabh Bachchan’s NFT
What Is a Non-Fungible Token (NFT)?
Non-fungible tokens (NFTs) are cryptographic assets on the blockchain that have unique identification codes and metadata that differentiate them from one another.
They can't be bought or swapped in the same way that cryptocurrencies can. This is in contrast to fungible tokens, such as cryptocurrencies, which are all the same and can thus be used as a means of exchange.
NFTs can also be used to eliminate intermediaries and link artists with audiences, or for identity management, because they are built on blockchains. NFTs can cut out middlemen, make transactions easier, and open up new markets.
Amitabh Bachchan’s NFT
Information about the collection: On the first day of Amitabh Bachchan's NFT collection auction, a bidding sum of $ 5 lakh 20 lakh was raised, setting a new record.
On the first day, this record shattered all previous records. Amitabh's NFT received over 5 lakh and 20,000 bucks in total. Madhushala was auctioned off for a total of 4 lakh and 20,000 dollars.
The sale includes a tape of Madhushala singing in the voice of Amitabh Bachchan. He's also signed seven posters from his films, which are on show in the museum.
He can now communicate with his fans thanks to NFTs, in this digital age, and in an entirely different way.
NFT collection
Madhushala NFTs
The father of Mr. Amitabh Bachchan, Mr. Harivansh Rai Bachchan (1907–2003), authored the poem Madhushala, which beautifully captures the wisdom of Madhu—the Temple of Mind—karma, knowledge acquisition, duty fulfillment, and social expectations for an individual.
Amitabh's memory of Madhushala's Rhyme, Rhythm, and Flavour is still recent. He understood the wonders that this purest kind of art delivers to society and had seen them for himself.
He occasionally recites, sings, and translates Madhushala stories because of the love and admiration he has for Mr. Bachchan. There are two versions of this intriguing and distinctive audio NFT of Madhushala: one in Hindi and one in English.
You can acquire a recording of Madhushala, chosen by Amitabh Bachchan, by purchasing this NFT.
You may possess a piece of this legend's history told in his own words as well as a piece of 86-year-old, famous, and ground-breaking metaphorical Hindi poetry by purchasing this one-of-a-kind NFT!
In addition to the NFTs, the best bidders in the two categories will also be able to take advantage of a meet-and-greet session with the BigB - a memory that anyone will cherish more than the NFT itself!
The auction ended on the 4th of November, 2021, and was sold for a whopping 756,000$
Autographed Physical Posters:
A video of Amitabh signing an original movie poster from one of his classic films, which had been hand-painted by a select group of true painters whose work would wow you in every way, was shown on The NFT.
The cult value of their works of art is a declaration of identity, authenticity, the legacy of Indian film, and more. Any fan of vintage cinema would be aware that The Shahenshah of Bollywood films was announced by hand-painted movie posters.
These posters are masterpieces in their way, retaining the harsh retro aesthetic in their artistic presentation! Indian cinema's Celluloid Renaissance is depicted on the posters for Amitabh's classic movies. Movie posters when India's "Angry Young Man" dominated Indian cinema.
This period of Amitabh Bachchan's career was so monumental that it might be considered to be a plot for a future international superhit.
You are one of just seven in seven billion people on the earth who owns these priceless posters of great worth since you have both the video of Amitabh signing the poster and the physically autographed, authentic poster itself.
The auction for this NFT ended on the 4th of November, 2021. It was finally sold for a price of 95000$.
BigB Punks and NFT Arts
Amitabh has had success in all of his roles. Whether it's the traditional "Angry Young Man," the contemporary "French-bearded Godfather," the Twitter user who numbers his Tweets, or the classic "Angry Young Man," the BigB can never go out of style!
There are several rare Amitabh Bachchan BigB Punks and exclusive Smart Contract-Generated Pastel NFT Arts accessible because Amitabh has only recently entered the NFT field and is following the established trends in the NFT area.
By utilizing specific characteristics, these Punks and NFT artworks capture Amitabh Bachchan's personality.
These BigB Punks each have their distinctive headwear, neckwear, haircut, eyewear, facial hair, and other accessories, resulting in a collection of one-of-a-kind, painstakingly made, and carefully chosen art versions of Amitabh.
All of the NFT artwork is hand-drawn. There will only be 6 of these in total, and each Pastel Art and each BigB Punk collection is a collectible in and of itself!
These artworks by BigB Punks and NFT demonstrate the popularity of collectibles in the cryptocurrency industry! In addition to having a decent chance of getting good bargains on the secondary market, an NFT featuring a legendary and well-known superstar is sure to be something to be proud of owning!
This auction lasted till the 4th of November 2011 and was sold for 66900$.
Win The LOOT BOX
Amitabh Bachchan NFTs were available to the general public thanks to the BigB Loot Box! The BigB Craze has 6 million users and sells 5000 NFTs in just 54 seconds!
People can proudly possess Amitabh's NFT artwork, BigB Punks, and rare vintage posters as a result of this! You might then check out the NFT Loot Box to see what you've won for yourself.
You might become the proudest owner of some of the rarest Amitabh Bachchan NFTs thanks to the Loot Box!
When the loot box was opened, people had a chance of discovering one of the following:
- A genuine vintage NFT poster signed by Amitabh that is worth over INR 10 lakhs!
- Over INR 10,000 worth of unique BigB Punk.
- NFT valued roughly 5000 INR in signature pastel art.
You will be one of the few Amitabh fans to own either of these limited edition posters or NFTs. Every NFT has a tradeable item. The Loot Box's biggest feature was that it was made available for direct purchase and was not placed up for auction.
Everyone who owned a Loot Box was guaranteed to receive at least one valuable NFT, launching the phrase "NFTs for all. Not only are you get a chance to own some of the rarest Amitabh NFTs, but also able to exchange and sell your treasured things just like with any other NFT.
The loot ended on the 3rd of November, 2021 and around 5000 items were sold for 50000$.
Auction for Amitabh’s NFT collection
The auction for Bollywood superstar Amitabh Bachchan's non-fungible token (NFT) collections from 'Madhushala' ended with the highest-ever bidding in India at $756,000.
On the first day of the auction, it received bids totaling $420,000. Madhushala was auctioned off for a total of 4 lakh and 20,000 dollars. The sale includes a tape of Madhushala singing in the voice of Amitabh Bachchan. Beyond life.
The club hosted the auction, which began on November 1 and ended on November 4. Guardian Link, India's largest decentralized branded marketplace for NFTs, is behind it.
The selling price of Big B’s NFT Collection- is Rs 7.18 Cr
At a hefty auction in London, Amitabh Bachchan's NFT collection is being sold for approximately 7.18 crore rupees. Through a website that works with him, fans can purchase his NFT goods. Likewise, to "Madhushala," the renowned poem of his father.
In his collection of old Indian National Film Festival posters, Amitabh Bachchan has autographed versions of himself. On November 1, the NFT collections' auction got underway. It ended on November 4, with the announcement of the successful bidder on November 5.
Thus, the present collectibles craze in the bitcoin business is embodied by these NFT artworks. So, having an NFT that has a well-known and well-recognized celebrity will be something to be proud of.
Consequently, there is a strong chance of finding excellent deals in the secondary market.
NFTs in Bollywood! Is it worth the Investment?
After Amitabh Bachchan, Salman Khan, and Sunny Leone entered the industry, Bollywood NFTs gained widespread recognition.
There are other digital audio artifacts from Amitabh Bachchan in Bollywood, but only the original from Amitabh Bachchan would be deserving.
However, it appears we can evaluate Bollywood NFTs as an investment possibility for fans considering the stars' popularity and the current trend of NFTs in India. Depending on the performance and the buyer's interest, Bollywood NFTs' value will either rise or fall.
Furthermore, the owner may change the value and sell it at a different price, resulting in loyalty set by the owner, which today runs from 10% to 20%, according to Thakral.
Conclusion
Amitabh Bachchan is not the first Bollywood celebrity to venture into the world of NFTs, according to the above article. Non-fungible tokens are digital assets that can only be owned by one person. Celebrities can monetize their fame and possessions using NFTs.
They can also better engage with their fans and gain promotions for their events. They also profit from limited-edition collectibles.
Frequently Asked Questions
Q1. Where to buy the NFT of Amitabh Bachchan?
To purchase the Amitabh Bachchan NFT, you must first create a Beyondlife. Club account. Then, from the wallet option, you must load your wallet with the appropriate amount of money to purchase the collectibles. To do so, go to Deposit Funds and fill in the amount to be added.
Q2. What is the price of Amitabh Bachchan NFT?
In an auction organized by BeyondLife.club, Bollywood legend Amitabh Bachchan sold his NFT collection for a staggering USD 9,66,000. The most popular NFT collection was the 'Madhushala' NFT collection, which had his father's poem recorded in the superstar's voice and received a total of USD 756K in bids.
Q3. WHO launched Amitabh NFT?
In August, Amitabh Bachchan revealed on Beyondlife.Club, an Indian NFT platform founded by decentralized NFT exchange GuardianLink.io.
They announced that he would introduce his non-fungible token or NFT collection on this platform. BeyondLife.club, a subsidiary of Rhiti Entertainment, has teamed up with GuardianLink.io to provide a platform for international musicians, celebrities, and athletes to launch their first-ever NFTs.