Salman Khan is the latest Bollywood celebrity to join the Non-Fungible Tokens (NFT) bandwagon in partnership with BollyCoin, following in the footsteps of Amitabh Bachchan. He has stated that he will unveil a collection for his fans soon. The actor made the comment in a tweet “Aa Raha hoon main, NFTs like. Salman Khan’s static NFTs will be accessible on bollycoin.com soon.”
Salman has partnered with BollyCoin for his NFT collections. NFTs are one-of-a-kind crypto assets that serve as the blockchain’s digital certificate of ownership and legality. Non-fungible tokens (NFTs) are a type of non-fungible token that may be used to demonstrate the value and rarity of digital assets or items. They may depict and accept anything digitally, from virtual games to artwork.
According to the whitepaper for BollyCoin, digital collectibles from the Bollywood industry will be auctioned on the Ethereum blockchain, allowing Bollywood fans all over the world to purchase NFTs of their favorite Bollywood films and celebrities like Salman Khan, Shahrukh Khan, etc.
BollyCoin wants to be a conduit between the Bollywood industry and this emerging consumer. BollyCoin’s members include Atul Agnihotri, Armand Poonawala, and Kyle Lopez.
BollyCoin was created with the goal of providing a simple and secure method for Bollywood and cryptocurrency enthusiasts to join our ecosystem. The network is issuing 20 million tokens at $0.1 apiece following a private round.
According to the white paper, Bollycoins are not intended to be a medium of exchange accepted by the general public as payment for goods or services, or as a method of debt repayment. “BollyCoin, the ecosystem’s first digital utility money, represents a community voting privilege. It is likely to serve as a governance sign in non-corporate and non-regulatory settings “It was asserted.
When an NFT is sold on the platform, BollyCoin holders receive 10% of the selling price in BollyCredits, which can be used to purchase more NFTs on the platform.