Bollycoin partners with NFTly to launch NFT from Dabang Franchise

According to NFTically, a large number of collectibles including posters, exclusive clips and images make up the highest volume of NFT drops ever in India.

NFT drops are technically complex processes involving various challenges including smart contracts, traffic management, security and backend streamlining. Currently, more than 3000 stores are operated by NFTically.

Talking about the collaboration, Toshendra Sharma, Founder & CEO, NFTically, said, “This fall is a tremendous opportunity for those who wanted to buy quality NFTs. Considering the popularity of Salman Khan, we expect traffic like never before. There is a growing enthusiasm in collecting digital tokens and our mission is to ensure that there are no barriers to the process, not only for the creators and sellers but also for the buyers to ensure that we do our part in maintaining the ecosystem. Act the part.”

NFTically, which allows users to create their own white-label marketplace, saw a 220% increase in users last quarter. While celebrity interest with regards to NFTs is increasing, smaller producers have also jumped on the NFT bandwagon to be able to mine and monetize their digital assets.

“We are delighted to partner with NFTically, a collaboration that gives us confidence that Drop will roll out as seamlessly as possible,” said Armand Poonawalla, Co-Founder and Director of Bollycoin.

The fury for NFTs has taken India’s entertainment and social media industry by storm, with several Bollywood and regional stars lined up to sell their digital collections.

NFT collection, autographed posters and collectibles of Bollywood superstar Amitabh Bachchan’s ‘Madhushala’ have received close to $1 million bid at the end of the auction.