Amitabh Bachchan’s NFT Series Records India’s Highest-Ever NFT Bids at Nearly $1 Million

Commenting on the overwhelming response to his NFT collection, Bachchan said this is a new-age way for him to be in touch with his fans.

By Radhika Parashar | Updated: 5 November 2021 19:21 IST

Amitabh Bachchan’s NFT Series Records India’s Highest-Ever NFT Bids at Nearly $1 Million

Photo Credit: Twitter/ Amitabh Bachchan

Pictures of Amitabh Bachchan’s NFT items have surfaced on Twitter

Highlights

Bachchan’s NFT collection sold off for $966,000 (roughly Rs. 7.18 crore)
Recital of his father’s poem “Madhushala” garnered highest bid
More Bollywood celebrities are entering the NFT space after Bachchan

Amitabh Bachchan emerged as one of the first major Indian celebrities to announce his series of non-fungible token (NFT) earlier this year. Excited fans of the Bollywood actor purchased digital collectibles from his NFT series for a total amount of $966,000 (approximately Rs. 7.18 crore). The items in Bachchan's series included a recital of his father's famous poem “Madhubala”, autographed vintage posters of himself, as well as other items associated with his identity, work, and stardom. The bidding for this collection began on November 1, and closed on the day of India's biggest festival, Diwali, on November 4.

“In this world of digitisation, NFTs have opened a new realm of opportunities to engage with my fans even more than before. The successful auction of my NFTs, some of the most treasured and personal moments of my life and career were so well received and invested in by my supporters,” the 79-year-old actor said in a statement, commenting on the development.

The veteran actor who is famous for his systematically numbered tweets had been expressing excitement around his NFT collection on the micro-blogging site from his handle @SrBachchan.

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T 4085 - Looks like The Punks and Art is talk to the town .. Lets rock it with the laser focus .. Last few hours to go ..@beyondlifeclub #AmitabhNFT #AmitabhBachchanNFT #NFTCommmunity #NFTverse #NFTartists #NFTart #nftcreation pic.twitter.com/TyQsVdMfgH
— Amitabh Bachchan (@SrBachchan) November 4, 2021

NFT exchange platform Beyondlife.club that auctioned the NFTs also took to Twitter to share the raging success of Bachchan's NFT collection

The auction keeps extending since your love for #AmitabhNFT doesn't seem to stop Raising hands
You guys, just wow! Amazing, keep the demand on!
You can own a BigB punk now!
Place your bid https://t.co/EIVBzxtCno
Be the best bidder https://t.co/tlEHNosuPl @Guardian_NFT pic.twitter.com/DLrflguLNb
— BeyondLife.Club (@beyondlifeclub) November 4, 2021

The highest-auctioned item from the series was the “Madhushala” poem recital, recorded in the actor's own voice, which crossed a total of $756,000 (roughly Rs. 5.5 crore) by the time the bidding closed. It had garnered bids up to $420,000 (roughly Rs. 3 crore) on the first day of the auction.

A special “Loot Box” was also announced by Beyondlife.club for the Bachchan's NFTs to let buyers of this “Loot Box” win NFT gifts as well as a chance to get bonus art pieces and vintage posters of the Sholay film actor. The 5,000 LootBox NFTs were sold within the first 54 minutes of them going live and received bids worth $50,000 (roughly Rs. 37 lakh), Beyondlife.com revealed.

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Furthermore, the limited-edition vintage posters with digital NFT certificate of authenticity as well as BigB Punks and NFT Arts fetched $94,052 (roughly Rs. 69.8 lakh) and $66,900 (roughly Rs. 49.6 lakh) respectively.

The NFT trend is gradually picking pace among other Bollywood celebrities as well.

In October, Indian fashion designer Manish Malhotra had also released a five-piece NFT series on WazirX crypto trading platform.

Actress Sunny Leone also reportedly invested in NFTs last month, becoming the first Bollywood actor to have done so.

Earlier in September, NFT trading platform Colexion roped in Indian artists including Suniel Shetty, Aamir Ali, Mika Singh, and Sidhu Moose Wala among others to be part of its marketplace as well.

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Further reading: Amitabh Bachchan, cryptocurrency, NFT, non-fungible tokens

Radhika Parashar

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Radhika Parashar is a senior correspondent for Gadgets 360. She has been reporting on tech and telecom for the last three years now and will be focussing on writing about all things crypto. Besides this, she is a major sitcom nerd and often replies in Chandler Bing and Michael Scott references. For tips or queries you could reach out to her at RadhikaP@ndtv.com. More