#indiannft

The world of cryptocurrency is constantly changing. New innovations and ideas are emerging every day, and there’s no better example of this than non-fungible tokens (NFTs). NFTs are a type of digital token that is unique in some way, rather than being exactly the same as every other token of that type. This makes them very different from other cryptocurrencies such as Bitcoin or Ethereum. Let’s take a look at what NFT tokens are and how they work.

What Are Non-Fungible Tokens?

Non-fungible tokens, or NFTs, are digital tokens that are unique or non-fungible. The word ‘fungible’ means that two or more items are interchangeable or identical. Common examples of fungible items include money or commodities like gold or oil. Each unit of a commodity like oil is exactly the same as every other unit of that commodity, so you could trade one barrel of oil for another barrel of oil without any issue as they are identical. NFTs are the opposite of this — they are unique. Two NFTs are never going to be identical. They might have the same value, but they are unique items. This is important because when you own an NFT, it is like owning the item itself.

Let’s use a rare comic book as an example. If you own a rare comic book, you don’t just own a digital token that says you own that comic book. You actually own the comic book itself. This means you can do whatever you want with it. You could sell it, keep it, or even throw it away. You can do whatever you want with the physical comic book, but you can also do whatever you want with the digital token that says you own the comic book.

How Do NFTs Work?

Some NFTs are built on top of other blockchains, while others are implemented on their own blockchain. An example of famous NFTs is CryptoKitties.

CryptoKitties is a game built on Ethereum. The game contains collectible, breedable, and highly addictive digital cats called CryptoKitties! Each cat is unique and 100% owned by the end user; A cat cannot be copied, taken away, or destroyed. Once you purchase a CryptoKitty, it is in your ownership – just like your car or your refrigerator. This means that all CryptoKitties and all contracts related to them are executed and stored on the Ethereum blockchain.

Many NFTs are issued using a software known as a non-fungible token (NFT) issuance platform. These platforms enable people to host token sales, create (a.k.a. mint) their own NFTs, and manage these assets. There are many different NFT issuance platforms and marketplaces available to choose from, so it’s recommended to find a reputable one to reduce the risk of scams.

Why are NFTs Important?

There are many different uses for NFTs. Some people use NFTs as digital representations of real-world assets like real property, artwork, and sports memorabilia. Other people use NFTs as digital representations of digital assets like in-game items, online tutorials, or even online identities. These assets are sometimes referred to as virtual assets or non-fungible tokens. Virtual assets are unique and non-interchangeable like NFTs, but they aren’t necessarily tokens. NFTs are important because they enable the tokenization of almost anything. What does this mean? Well, NFTs are the first tokenized assets that people can truly own. They can’t be censored or taken away from the owner. They can’t be frozen or hacked.

And the best part is, you don’t need any middleman authority or institution like a bank or a government department to stand guarantee that the NFT is authentic. The proof of authenticity is on the blockchain – and that’s independently verifiable proof forever. Once your proof of ownership is on the blockchain, literally no one can change it. Not even the government. This is something that has never been possible before, so it’s a big deal.

NFTs are for everyone. Literally everyone. And not just for tech experts.

The main reason that NFTs are for everyone and not only for technology experts is that NFTs are very simple to buy, own, trade and sell. All you need is a crypto wallet and an NFT marketplace – like Kulturemint.com. On an NFT marketplace, anyone with even basic computer skills can buy and sell NFTs of digital assets. These assets can include things like sports memorabilia, real and virtual property, artwork, music, poetry – pretty much anything else you can think of that people own or invest in. The only requirement to own these assets is access to the internet. Anyone with access to the internet can buy NFTs starting with a small amount of money.

Currently, there are two ways to purchase NFTs. The first way is to buy them during an initial coin offering (ICO). An ICO is like a crowdfunding campaign, but instead of receiving money, you receive tokens. The second way to purchase NFTs is to buy them from digital creators – someone who creates digital products and then mints an NFT for their own products, or via resale by someone who owns NFTs by purchasing them from an exchange – an online marketplace where people can buy and sell NFTs.

So how can one buy NFTs on an NFT marketplace? Simple:

Get a digital wallet like Metamask, and then purchase Ethereum. Since most NFTs are Ethereum-based tokens, marketplaces for collectibles accept Eth tokens as payment.

Connect your MetaMask wallet to a trusted NFT Marketplace such as kulturemint.com

Buy Your NFT.

Once you buy your NFT, your proof of ownership will be forever listed on the blockchain. And when you decide to sell that NFT, the person who buys your NFT will have their token of ownership permanently entered into that blockchain.

NFTs – Finally, a way to confidently transact online.

Buying high-value assets and investing our money has always been complicated. Even more so when done online. Complexity and a lack of trust in the system have always been hurdles that made the average person hesitate to go beyond basic low-value online commerce. NFTs might have just changed that forever. NFTs, crypto and blockchain have today enabled the tokenization and authentication of almost anything, without needing to trust an authority or government institution to authenticate it.

NFTs thus created a brand new way for people to buy and trade digital assets online without relying on “trust” between the buyer or seller. NFTs are perhaps the most decentralized way to transfer value online. Its future is therefore unlimited.

I think everyone is getting ready for the grand Amitabh Bachchan NFT release, and I cannot stop thinking about winning the vintage Amit-Ji’s NFT collections. Although there are many valuable collections that are going to be released on the 1st of November on the BeyondLife NFT platform, the Autographed Amitabh's NFT physical posters have grabbed my eyes and palpitated my heart to own it right away. I could not stop my excitement, so I am discussing the highlights of BigB’s collection in this blog. I am right here to spread the word of the grand moment. What are we waiting for? Let’s check it right away! 

What Are The NFTs, And How Does It Grab The Attention Of The Bollywood World? 

The non-fungible tokens have been flourishing and have created a huge trend in the digital era. It also grabbed the attention of crypto enthusiasts from all over the world. Likewise, this NFT platform has paved the way for the Bollywood actors and also internationally to get their prized memorabilia tokenized on the digital collectible platform. 

Did you know that the leading and pioneer of the Bollywood industry, Amitabh Bachchan, has entered the NFT realm? Thereby, this platform will serve them to generate revenue in a profitable way. It is indeed a nostalgic opportunity for us to own his prized possessions, and I know everyone would be rushing themselves to stock their wallets. Have a look into the dream NFTs collections.       

Enticing Things About The Autographed Amitabh's NFT physical posters? 

If you are also a cine fan just like me, you should not miss the lifetime opportunity that will commence on the first of November. According to me, watching movies is my passion, and owning the original movie posters would be a dream come true wish. By the way, who would not love to meet the renowned Shahenshah of Bollywood? 

Yes, it is indeed for real-time, we will get a lightning chance to “greet and meet” Amit-Ji, through this Autographed Amitabh’s NFT physical posters. The vintage posters are the original and hand-painted posters depicting the golden era of Bollywood history. Get carried away with Indian cinema's legacy and beyond with a quick sign-up into the BeyondLife NFT marketplace.  

Winding Up 

In this blog, you will be astounded by the numerous limited-edition NFT collectibles listed on the BeyondLife NFT platform. Without further ado, let us start exploring it. 

What Are The Top Amitabh NFT Collections? 

First and foremost, non-fungible tokens have been flourishing in recent times, and it has attracted a wide range of people from various fields to tokenize their valuable, unique collectibles. Likewise, one of the leading and pioneers of Bollywood actors has stepped on board in the NFT world recently. Yes, I am talking about the BigB, who has decided to release his prized representatives on the NFT launchpad, BeyondLife.club on the 1st of November.

As mentioned above, there are nearly four categorized collectibles in the Amitabh NFT collections. Everyone would be aware of the great poetry “Madhushala” written by the late Mr. Harivansh Rai Bachchan, father of Mr. Amitabh Bachchan. Wouldn’t it be a great thing to own a voice-recorded version of Madhushala? That too, especially in Amit-Ji's enthralling voice.  

Secondly, there are concealed gifts and prizes under the Loot box collection where you have a golden opportunity to win NFT art worth over 50 Lakhs. Thirdly, if you are one of the greatest fans of his iconic movies, then this rare NFTs collection is exclusively for you. In this case, you will be able to hold the hand-painted and autographed Amit-Ji’s movie posters. Get your hands on the NFTs from the past, which is unique in Bollywood cinema history. 

Last but not least, the fourth collection will create an eagerness and curiosity to grab it without further delay. Yes, it is the BigB punks and NFT art which has the attributes of representing the essence of AB. The BigB punks have signature headgear, neck-gear, hairstyle, facial hair, and many more, representing Amit-Ji's accurate and creative art versions.

Did you know you don't have to enter an auction if you desire to get the Loot Box NFT? So, I know you must be much more thrilled after hearing all about the AB’s NFTs collection. As these NFTs are limited-edition, you must hurry up to stock your wallet right away—Good luck winning the vintage collections. 

Cut Off The Waiting Time