Growing trend of NFTs in India.
Image: NFT Generator
NFTs or Non-Fungible Tokens are digital assets based on blockchain technology.
Today artists, musicians, athletes among others are selling their classic, unique and non-replicable works through NFTs.
Former Pakistani fast bowler Shoaib Akhtar launched his own NFT as the ‘first cricket NFT marketplace’. There are several other global celebrities who’ve joined the NFT bandwagon.
Tesla CEO, Elon Musk, put an electronic music track about the NFT craze up for sale as an NFT. While Musk later decided not to sell it, the top bid touched $1.1 million.
Twitter CEO Jack Dorsey sold his first-ever tweet as an NFT for nearly $3 million. Dorsey said he will donate the proceeds.
Rapper Eminem joined hands with Nifty Gateway to sell comic books, trading cards, action figures, and original music as NFTs. The total sale, reportedly, raised $1.8 million.
Ellen DeGeneres auctioned her explanation of NFTs on the famous ‘Ellen Show’, along with a physically drawn picture of a cat as her first NFT.
Singer Shawn Mendes sold his digital avatar with the Fender guitar, gold ring, and embellished vest as NFT. The funds raised from the auction went to his foundation.
Singer Snoop Dogg released a memorable NFT collection ‘A Journey with the Dogg’. The music track was titled ‘NFT’ and the raised funds went to the rapper’s foundation.
Paris Hilton was amongst the few early celebrities to pick on the NFT hype. She had, in August 2020, auctioned a drawing of her pet cat on an NFT platform and said to have donated the proceeds to charity.
Singer Lindsay Lohan released her recent single ‘Lullaby’ as NFT. She has previously partnered with a company to mint money via NFTs.
