Amitabh Bachchan’s NFT: The golden era’s mesmerizing personality of Amitabh Bachchan had an NFT shockwave that was sold at an unexpected value.
BigB presenting his NFTs was revolutionary itself in the Bollywood industry. His son Abhishek Bachchan played a primary role in planning and launching the valuable NFTs.
A few months ago, Amitabh Bachchan became the first Indian actor to launch his own collection of NFTs at the age of 79.
His feat was worthy of the admiration of his peers. Inspiring the young actors and artists to enter the crypto world and follow in the footsteps of this Bollywood giant.
But what strategies did Bachchan apply to sell his collection so quickly? And what consequences could his arrival in the crypto universe bring?
This is the story of Amitabh Bachchan: the Bollywood actor who was able to create a fortune with digital art in a very short time, that’s impressive!
Who is Amitabh Bachchan?
BigB is one of the most famous actors in Indian cinema. According to local media, he has over $400 million net worth, higher than Brad Pitt’s $300 million in the year 2022.
An enviable achievement that has not served to stop him from seeking new alternative sources of money.
He has also acted in more than 175 films and is among India’s most known people.
From children to adults and elders, there is not an Indian on the earth who has not heard about the actor’s exploits and his legendary films.
However, his recent investment in the crypto world attracted worldwide attention and increased investor optimism in crypto-assets, especially in the revolutionary NFTs, or non-fungible tokens.
You may be wondering what an NFT is?
NFTs are digital assets distinguished from cryptocurrencies such as Bitcoin and Ethereum because they are unique. Just as Leonardo da Vinci painted only one Giaconda, there is a limited amount of NFTs released by Bachchan that collectors can acquire.
And that is precisely what makes them so valuable!
Today we can find various items sold through NFT technology, such as images, songs, videos, GIFS, GLTFs, and digital paintings.
How Amitabh Bachchan Created His Digital Art Empire?
Between November 1 and November 4, 2021, BeyondLife.club hosted the auction of Amitabh’s first NFT collection, titled “Madhushala,” which garnered bids of $420,000 on its first day.
Madhushala is an emotional thought that elaborates on the absorption of knowledge, following duties, and the expectations of human nature from society. It was written by Mr. Bachchan’s father Mr. Harivansh Rai Bachchan engrossing in the true feel of the temple of the mind.
The verses are narrated by Amitabh himself which were dropped in the form of audio NFTs in two versions of English and Hindi.
According to Bachchan himself states, “The NFTs offered the audience a chance to own an original piece of rare and cherished moments of my life.”
The collection comprised audios, digital portraits, autographed posters, and 135 verses narrated by the actor.
After four days of the auction, the collection sold for $756,000, far exceeding Amitabh’s expectations.
What is evident about the auction is that rather than offering an opportunity for fans to get to know Bachchan more closely. It has provided an opportunity for the superstar of Indian cinema to make a considerable sum of money.
But how has he succeeded where others have failed?
The secret behind Amitabh’s strategy lies in the law of scarcity. According to basic principles of economics, if the supply of a highly demanded good is scarce, its value tends to rise exponentially, especially if the supply is insufficient to meet all consumers’ needs.
By making his art scarce and limiting its sale to a few auctions, Bachchan built an entire empire on his website, which seems to be constantly growing.
‘The Loot Box’ NFT Story
After his first big success, the actor launched a loot box consisting of autographed posters, NFT art, and BigB Punks that guaranteed the delivery of a piece of art for each user who bought it.
Of the more than 300,000 crypto-collectibles fans worldwide who registered, only 5,000 items were given out. Due to high demand, some of these loot boxes even sold for $50,000 USD.
Autographed Physical Posters NFT
Immediately afterward, Bachchan auctioned off his collection of autographed physical posters, consisting of the rarest and most original posters of the film legend.
On this occasion, Bachchan used hand-painted movie posters that any classic movie buff could easily recognize.
This collection of 7 units sold for $94,052, along with an NFT digital certificate of authenticity that the lucky ones could only purchase.
These NFTs quickly became a new superhit for the star, whose golden era seemed not to have passed yet.
After seven out of the seven billion people on earth acquired these posters, Bachchan made his latest bid into the world of NFTs through an exclusive BigB Punks edition and art prints retailing at $66,900.
This guy has literally proved that age is just a number. Actor Big-B’s achievements have also inspired other legends who have decided to give digital art a definite try.
Along with Bachchan, other famous figures have shown their interest in NFTs. International celebrities such as Snoop Dogg, Lindsay Lohan, Ellen DeGeneres, and even Paris Hilton, with many other celebs, have already launched their NFT collections.
That’s why we see NFTs growing by leaps and bounds every day.
Conclusion On Amitabh Bachchan’s NFT
This is true, that his son Abhishek Bachchan assisted him to launch these lucrative Amitabh Bachchan’s NFT with appropriate planning which had a huge success.
What is clear is that Bachchan’s intervention in the crypto world has been good for investors. And has attracted the attention of new buyers of NFTs and digital assets such as Bitcoin, Ethereum, and others of the hundreds of thousands of crypto assets that make up the digital market.
The more actors, celebrities, and musicians that decide to join cryptocurrency, the greater the likelihood that we will one day see mass use of this technology in each of our homes.
Until one day, cryptocurrencies and digital art manage to become much more commonplace.
That’s why all of us crypto-investors should be thanking the actor, and his costly collections, befitting Amitabh Bachchan, the legend of Indian cinema, who has become an expert at selling his talent.
So that’s all for today, heroes; I hope you acquired some interesting knowledge out of Amitabh Bachchan’s NFT launch. Subscribe to our email list or subscribe to our YouTube channel NFT Lords where WE DIG INTO NFT BRANDS, CELEBS, and SQUEEZE the valuable JUICES to serve you.
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