October 11, 2022

Amitabh Bachchan (Big B) journey in Cryptocurrency and NFTs

Big B has shown great interest in NFTs and crypto.

In October 2021, cryptocurrency exchange CoinDCX asked Amitabh Bachchan for endorsement. 

He also launched unique and limited edition artwork themed NFTs around his life on the BeyondLife.club platform.

Image Source- Facebook/ Amitabh Bachchan

In November 2021, Bachchan's NFT collection 'Madhushala', signed posters and collectibles were initially priced at $520,000.

Image Source- Facebook/ Amitabh Bachchan

In March 2022, Bachchan paid about 1 crore rupees in taxes against the sale of NFTs worth around Rs 7 crore, according to various media reports. 

NFTs are stored on blockchain and it can be used to represent items such as photos, videos, audio, and other types of digital files.

Dune Analytics reports that the NFT market tumbles down by 97% from its peak of $17 billion in early 2022 to $470 million in September of that same year.