Top 3 Indian Celebrities Who Paved The Way For NFT

The power of NFTs has finally arrived in India. The non-fungible tokens have made the headlines of the Indian news with the help of the Bollywood film industry giants like Amitabh Bachchan. It is no surprise that big names like Amitabh Bachchan are being spoken in the same line as NFTs. The NFTs is the buzzword in the digital spectrum. So far, the entire digital world has experienced more than $2.5 billion worth of NFTs being sold in a very short period of time. Before we could get deep into the topic of NFTs and celebrities who are taking initiatives in this platform, we shall have a quick go-through about the concept of NFTs.

What Are Non-Fungible Tokens?

Non-fungible tokens are unique digital assets that cannot be destroyed or replicated because of their construction with the blockchain network. To put it in simple terms, non-fungible tokens are non-fungible like the name suggests, they cannot be interchanged with any other NFT asset that has equivalent value because every NFT is unique. The most commonly traded digital assets as non-fungible tokens are artworks, trading cards, images, video clips, etc. These NFTs can be traded on NFT marketplaces. OpenSea, Rarible, SuperRare are the most commonly used NFT marketplaces in the crypto sector.

Impressive Benefits Of Owning An NFT

Security

NFTs are built on the blockchain network. Thus, every completed transaction is stored in that digital ledger securely by preventing theft and data manipulation.

Transparency

The completed transactions are visible to everyone who is involved in the process. This is possible due to the utilization of blockchain technology. Thus, transparency is possible.

Uniqueness

NFTs are unique. Thus, when a user holds a non-fungible token, no one else in the domain will be holding an NFT that has the same value. Thus, it increases the involvement of more users.

Indian Celebrities Are Hopping Onto The NFT Bandwagon

The Indian crypto community has been slowly joining the craze of NFTs. The entire credit goes to the Indian celebrities who have been promoting this amazing platform effectively. Film giants like Amitabh Bachchan are the pioneers in the Indian NFT buzz. He has created his own non-fungible tokens and has decided to put them in an auction by collaborating with the Rhiti Entertainment sector and the no-code NFT platform called GuardianLink.io. After the arrival of Amitabh Bachchan to the NFT platform, many celebrities have followed his footsteps such as Sunny Leone, Vishal Malhotra, and many more. India is steadily becoming a place for the digital domain.

Why Have NFTs Started To Boom In India?

The rise of NFTs in the digital space of India has everything to do with the evolution of the meteoric rise of cryptocurrencies in the nation. This rise has paved the way for numerous Indian NFT marketplaces to be formed. The Mumbai-based NFT marketplace known as WazirX is the pioneering Indian NFT marketplace and many have followed this platform along its way, such as NFTically and Wall.app. These NFT marketplaces have encouraged Indians to invest in this domain and experience high rewards and business opportunities.

Why Is It A Perfect Time For Indians To Start Their Own NFT Business?

The parallel rise of cryptocurrencies and NFTs has allowed the Indian crypto community to be eagerly involved in this platform and create their own NFT marketplace for their business ventures. The present world is dominated by the expansion of the digital world. This allows the crypto community to invest in them and experience great rewards without having to worry about its downfall. Creating their own business venture on the NFT platform is very simple, all they need to do is hire an NFT development company where they can develop their platform at ease without having to deal with any technical parameters regarding the platform.

Wrapping Up,

The craze of non-fungible tokens seems to be never-ending as it is growing steadily in India. This has become a possibility due to the enthusiastic involvement of the Bollywood film industry and other great personalities. This is the stepping stone for the NFT platform in India to rise to the top gradually and create this nation, a nation Of NFTs in a very short period of time.