Following the steps of veteran actor Amitabh Bachchan, Bollywood superstar Salman Khan will launch an NFT (non-fungible tokens) collection for his supporters soon. The actor has tied up with Bollycoin, a Bollywood NFT marketplace. “Aa raha hoon main, NFTs leke. Salman Khan Static NFTs arriving on bollycoin.com,” Khan said on Twitter.
According to a white paper listed by BollyCoin.com, digital collectibles from Bollywood will be sold on the Ethereum blockchain, presenting an innovative way for Bollywood fans from around the world to own NFTs of their preferred Bollywood films and celebrities.
— Salman Khan (@BeingSalmanKhan) October 13, 2021
“NFTs have caught the imagination of Bollywood superstars. Amitabh Bachchan and Salman Khan have set the ball rolling,” stated Sharat Chandra, a blockchain & emerging tech evangelist.
“More mainstream Bollywood artists and creators would follow their footsteps in utilizing blockchain technology for creating superior fan engagement experience through fan tokens, digital collectibles and avatars,” he added.
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Bollycoin intends to be the world’s biggest Bollywood NFT marketplace, partnering with the greatest producers and personalities in the industry to create iconic and exclusive one-of-a-kind NFTs.
Bollycoin has Atul Agnihotri, Armand Poonawala, Kyle Lopez, Aaliya Kanuga, Karamvir Sachdev and Sujith Somraj on the board, apart from partnering with Arbaaz Khan Productions, Salman Khan Films, Sohail Khan Productions and Reel Life Productions.
The original digital utility token of this ecosystem, BollyCoin, outlines a voting right in the community. It is likely to act as a governance token in non-corporate and non-regulatory matters. The white paper explains that Bollycoins are not meant to be a medium of exchange accepted by the public as payment for goods or services or for the discharge of debt.
Every time an NFT is traded on the marketplace, 10 percent of the sale value of NFT will be credited to BollyCoin holders in the form of BollyCredits, which can be used to buy NFTs on the platform when it goes live.