Salman Khan on Tuesday (October 19) announced to launch his NFT (Non-Fungible Token) collection with BollyCoin. He followed the footsteps of veteran actor Amitabh Bachchan who also took the decision to launch his NFT collection, Khan took to Twitter and unveiled about the launch of his film’s NFT and static NFT collection. Here’s everything you need to know about the online Bollywood NFT marketplace. Salman Khan Film’s NFTs and Salman Khan Static NFTs To Launch On BollyCoin!
What Is NFT?
NFT (Non-Fungible Token) is an unique and non-interchangeable unit of data stored on a digital ledger called blockchain. NFTs can be used to represent easily-reproducible items such as photos, videos, audio, and other types of digital files as unique items (analogous to a certificate of authenticity), and use blockchain technology to establish a verified and public proof of ownership. Copies of the original file are not restricted to the owner of the NFT, and can be copied and shared like any file.
What is BollyCoin?
BollyCoin is launched by filmmaker-actor Atul Agnihotri, BollyCoin is an online marketplace offering digital collectibles for the Bollywood industry. The platform allow fans to invest in clips and stills from movies, iconic dialogues, movie posters, unseen/exclusive footage, social media content, and merchandise from film personalities, Business Insider reported. Till now, Bollycoin has partnerships with production houses, including Salman Khan Films, Arbaaz Khan Productions, Sohail Khan Productions, and Reel Life Productions.
What Is Bollywood NFT Marketplace?
Over 1 billion people in the world are already Bollywood media consumers and a large portion hold sentimental value in iconic moments and media produced by the industry over the century. Digital collectibles from the Bollywood Industry will be auctioned through our platform, providing an innovative way for Bollywood enthusiasts from around the world to own NFTs of their favourite Bollywood films and celebrities. This aim to be the world’s largest Bollywood NFT marketplace, partnering with the biggest producers and celebrities in the industry to create iconic and exclusive one of a kind NFTs.
What Is BollyCoin Token?
The native digital utility token of our ecosystem, BollyCoin, represents a voting right in our community, hence acting as a governance token in non-corporate and non-regulatory matters. Every time a newly minted NFT is sold on our marketplace, 10% of the sale value of the NFT is awarded to BollyCoin holders as discounts in the form of BollyCredits which can be used to purchase NFTs on our platform when it goes live.
What Is BollyCoin Community?
The marketplace enables the community to buy and trade NFTs on our platform. Users can create their own cinematic universe and BollyCoin rewards them for their participation & contribution to the community. We want the community to actively be a part in shaping what content we release next and much more.
Who Are The BollyCoin Partners?
We are collaborating with some of Bollywood’s largest production houses and celebrities to bring you Blockbuster NFTs. This includes dialogues, posters & stills from your favourite films along with tweets, posts & more, straight from your favourite stars!
Now, Salman will be the brand ambassador of the NFT marketplace and the $GARI Token reward programme. On October 16, the Bollywood actor had launched the $GARI programme in Mumbai.
(The above story first appeared on Today News 24 on Oct 19, 2021 06:22 PM IST. For more news and updates on politics, world, sports, entertainment and lifestyle, log on to our website todaynews24.top).