Here is why 2021 was a Year of NFTs for Indian Celebrities By BTC Peers
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This is the reason 2021 was an Indian Celebrities Year of NFTsWith India’s increased attention on digital tokens recently, this concept has spread across the country. As digitization became more widespread in India, as well as around the world, people began to notice NFTs and it took root within a matter of months.
Similar: India Launches First Marvel-Based NFTs With Chakraverse Event
Kamal Haasan’s NFT collection was introduced on Fantico by CEO Abhayanand Singh, who describes an NFT as thus:
“A digital asset that replicates real-world stuff including art, music, in-game goods, and movies. Digital collectibles can be used to describe NFTs. These are rare items that have limited supply or one-of-a kind. Assets that grow in value over time and do not correspond with other investment markets may sometimes be excellent investments.”
Indians were not ready to buy the digital products until after their favourite celebrities started their collections in 2021. This was done because most people saw significant potential for NFTs in the market and wanted an opportunity to hold a few unique tokens associated with some of the country’s most notable personalities. In the year 2021, celebrities from all walks of life — from Amitabh Bachchan to Salman Khan to Kamal Haasan to Yuvraj Singh to Rohit Sharma to Manish Malhotra — have debuted or announced their digital tokens.
Similar: NFT Art comes to India Capital
But why is it that celebrities are so excited to share their NFTs with the world? Singh says that Singh is right.
“The craze for NFTs has gripped the film industry and social media by storm. The appeal of NFTs for film stars goes beyond the financial rewards. It gives them a brand new way to communicate with their fans. Celebrities are reinvesting fanbase via digital transformation with the support of NFTs.”
Related: NFTically powered BollyCoin NFT Marketplace in Bollywood’s largest NFT drop
Individuals can choose to invest in NFTs or other assets similar to cryptocurrencies. NFTs will not disappear, but other sectors could be affected by the storm.
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