The First Art Newspaper on the Net    Established in 1996 Sunday, July 3, 2022


India jumps on NFT craze with Bollywood star Bachchan's auction
File photo of the Indian film star Amitabh Bachchan in a hotel room in New York. Sara Krulwich/The New York Times.



MUMBAI.- Bollywood superstar Amitabh Bachchan became the first Indian celebrity to join the global NFT craze by launching an auction of his digital memorabilia on Monday.

Non-fungible tokens -- unique digital objects such as drawings or animations -- have soared in popularity in recent months.

Investors and wealthy collectors have clamoured to get involved in the latest digital craze, which relies on the same blockchain technology that powers cryptocurrencies and cannot be forged or otherwise manipulated.

On Bachchan's virtual auction block will be audio and art by the star including poetry recitals, movie posters and digital portraits.

"The NFTs will offer the audience a chance to own an original piece of rare and cherished moments of my life," the 79-year-old said in a statement.

The three-day auction is open to bidders globally and will close at midday (0630 GMT) Wednesday.

Analysts said the auction could give a hint of the potential appetite for digital collectables among India's 1.3 billion people.

"It is still at a very nascent stage but a lot more celebrities, artists and sportsmen are getting into it," said Kashif Raza, founder of crypto-education platform Bitinning.

"If Amitabh Bachchan is talking about NFTs on social media and elsewhere, more people will get to know about it," he told AFP.

Several other high-profile Indians, including fellow Bollywood megastar Salman Khan and cricketer Rishabh Pant, are also planning to hold NFT auctions.


© Agence France-Presse










Today's News

November 3, 2021

Late Monet masterpiece to star in Sotheby's Modern Evening Auction this November

Exhibition at Gladstone Gallery presents a selection of Elizabeth Murray's monumental canvases

As Earth warms, human history is melting away

Bonhams Pop x Culture sale bursts into London this November

Female power at Rijksmuseum Schiphol

Stunning studio furniture & ceramics to be among Hindman's Modern Design Auction Highlights

Shutting down historical debate, China makes it a crime to mock heroes

Jill Newhouse Gallery opens an exhibition on Pointillism and its influence on art of the 20th and 21st centuries

How Royal Flying Corps watch consigned for auction brings WW1 pilot's tragic end to light 103 years later

Mudam exhibits a selection of pieces by nine designers from Europe and Asia

Trophy-level lots boost Heritage Auctions' video games event beyond $8.1 million

Ingram Prize 2021 finalists announced

India jumps on NFT craze with Bollywood star Bachchan's auction

Tupac Shakur touring exhibition opens in January

Freida Mitchell appointed events manager for Reynolda House and Reynolda Gardens

Clark Art Institute opens 'Anne Thompson: Trail Signs'

Vancouver Art Gallery announces appointment of Dr. Richard W. Hill as Smith Jarislowsky Senior Curator of Canadian Art

H&H Classics to offer 1957 Mercedes-Benz 190SL

Iconic Syrian singer Sabah Fakhri dies in Damascus

Salon des Refusés, the alternative Archibald, comes to Adelaide for the first time in its 30 year history

ProjectArt appoints Claire Breukel as new Executive Director

Changing of the guard at Williamstown Theater Festival

National Gallery of Victoria reopens with Indigenous contemporary art, queer art, speculative design and more

Pat Martino, jazz guitarist who overcame amnesia, dies at 77

Why are job applications ignored nowadays?

HOW LONG UNTIL WE SEE RESULTS FROM A PEST CONTROL PROCEDURE?

How to Pick out the Perfect Necklace for Him or Her

How to Build an Optimistic and Happy Work Environment

Interpreting And Translation Services For People With Disability

Winning Strategies for Slots

How to Fix a Cracked Kitchen Sink

How to Remove Dried Paint from Porcelain Sink

Covid-19's Forcing Australians into Reckless Online Gambling




Museums, Exhibits, Artists, Milestones, Digital Art, Architecture, Photography,
Photographers, Special Photos, Special Reports, Featured Stories, Auctions, Art Fairs,
Anecdotes, Art Quiz, Education, Mythology, 3D Images, Last Week, .

 



Founder:
Ignacio Villarreal
(1941 - 2019)
Editor & Publisher: Jose Villarreal
Art Director: Juan José Sepúlveda Ramírez

sa gaming free credit

Royalville Communications, Inc
produces:

ignaciovillarreal.org juncodelavega.com facundocabral-elfinal.org
Founder's Site. Hommage
to a Mexican poet.
Hommage
       

The First Art Newspaper on the Net. The Best Versions Of Ave Maria Song Junco de la Vega Site Ignacio Villarreal Site Parroquia Natividad del Señor
Tell a Friend
Dear User, please complete the form below in order to recommend the Artdaily newsletter to someone you know.
Please complete all fields marked *.
Sending Mail
Sending Successful