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Amitabh Bachchan’s ‘Madhushala’ NFT bids higher than 3 crores on first day in India

Megastar Amitabh Bachchan’s ‘Madhushala’, autographed posters and collection items have been auctioned for Rs 3.8 crore. On the first day, the bid for the tavern was US $ 420,000 million, which has reached 520,000. According to reports, this is the highest bid on the first day in India. This auction is being organized by Beyondlife.Club. The auction started on November 1 and will go on till November 4.

Big B’s autographed posters

In August, Beyondlife.Club announced that Amitabh Bachchan would bring his NFT (Non-Fungible Token) to the platform. Madhushala NFT is a collection of poems by Amitabh Bachchan’s father Harivanshrai Bachchan, recited by Big B in his own voice. Along with this, there are posters of 7 iconic movies of Amitabh Bachchan on which he has his autograph. Apart from this, there are many types of collectables and NFT art as well.

What is NFT

The full form of NFT is Non Fungible Token. In this, art, music, in-games and videos are saved in digital format. They can be bought and sold online just like any property.

Owner has right

The NFT collection is based on Guardian Link’s Anti-RIP NFT technology. This avoids NFT copying and thus the owner has exclusive rights over it. This auction started from 1st November. According to the reports, the highest ever bid for Madhushala was made on the first day which was 3.13 crores and has reached 38 crores and there are still two days left.



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