The fan following of the superstar Amitabh Bachchan breaks the Indian bidding records on its first day of the auction. The NFTs ‘Madhushala’ by Amitabh Bachchan broke all the records by receiving the highest bids on the first day itself. The auction is hosted by BeyondLife.club which started on the 1st of November and will continue till the 4th of November. For further details read the article-

Details

In August, BeyondLife.club announced that the megastar Amitabh Bachchan will auction his NFTs (Non-fungible token) collection of ‘Madhushala’. The collection of Madhushala includes a collection of poems of Mr. Bachchan’s father in the star’s voice which received the highest biding in India of $5,20,000 (almost Rs. 3.8 crores). In addition to this, the auction also includes seven autographed posters of his iconic movies and collectibles of poster collection and punks and NFTs art. This collection has received bids of more than USD 100,000 on the first day of the auction.

The auction organized by BeyondLife.club also features ‘Loot Box’ which offers 5000 collectibles and costs USD 10 each. Each buyer of the Loot Box is entitled to receive an assured art piece from Bachchan’s NFT collection. More than 3 lakh crypto collectible fans from all across the globe have signed up for the Loot box.


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What is NFT

NFT is a certificate to any digital asset which gives it uniqueness and makes it non-interchangeable. It is termed as a unit of data that is stored on a digital ledger which is known as the blockchain. NFTs are used to represent different types of digital files like audio, video, photo, etc. NFTs have become a new source of connectivity and opportunity for engaging with fans in a new way in the world of digitization and metaverse, said Amitabh Bachchan. He also said, “The NFTs will offer the audience a chance to own an original piece of rare and cherished moments of my life including stories from my films, recitation from Madhushala, some backstories, and moments from my films and these moments remain with them forever.”


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BeyondLife.club’s member’s reaction to the response received

BeyondLife.club is a venture between Rhiti Entertainment and GuardianLink.io which is India’s biggest decentralized branded market of NFTs. The Guardian Link’s Anti-RIP NFT technology helps to protect the exclusive rights of the owners of the NFT by preventing it from being copied.

The co-founder of BeyondLife.club and Guardian, Keyur Patel said they were overwhelmed by the response to the first day’s auction. He also said that the response shows Mr. Bachchan’s affinity towards his million fans across the globe. He mentioned that the excitement of the fans is growing and the bidding number is soaring on Day 2. Keyur Patel expressed that it was a proud moment for BeyondLife.club to successfully launch the NFT drop and win the audiences’ trust.

Further another co-founder of BeyondLife.club and chairman of Rhiti Group said that they are looking forward to other country’s celebrities and famous personalities for their drop. He also said that they are glad that with the help of their marketplace the fans of Amitabh Bachchan can have a piece of his memory with them forever.


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Modes of Payment Provided to Buy NFT

For the ease of transaction BeyondLife.club has made available multiple forms of digital transaction through an advanced drop wallet development. This wallet will be accessible to both tech-savvy and non-crypto users who can use debit cards to crypto coins for their transactions. Moreover, for the minting process, the platform of BeyondLife.club supports both Ethereum and Matic networks.