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Music Icon, Kailash Kher Launches NFT on OpenSea

Cryptocurrency has proven to be a huge hit in India, as well as many other nations, with many citizens being involved in the blockchain business and some even making a job out of it.

NFTs are also not a foreign notion in the country, as several celebrities have issued them in order to generate cash. In addition, digital artists have been at the forefront of promoting NFTs. NFTs, give these artists the chance to profit from their talent while also keeping ownership of their work.

Non-fungible Tokens, or NFTs, are becoming increasingly popular. For example,  OpenSea, a peer-to-peer NFT marketplace, has recorded a significant spike in volume in recent weeks as more users continue to troop in and express their creativity, hoping to cash in on it. 

Kher launches his NFT

The latest public figure to launch his NFT on OpenSea is the Sufi King, Kailash Kher, a prolific Bollywood icon who has been in the music industry for over two decades. The 48-year-old is the latest Indian celebrity to embrace NFTs but his undoubtedly is miles above the rest.

A-One of a Kind NFT

Sufism inspired the Bollywood superstar to create a dreamscape of hues and sounds. His face was likewise etched in deep space, as his voice, with its beautiful and soulful timbre, perfectly represented the richness of the human experience. The song is a “clarion appeal to every person, to live a little more freely, fearlessly, and cheerfully,” according to the 48-year-old songwriter.

Kher’s NFT embodies his spirit and history as a Bollywood icon, but it’s also one of the first efforts by a Bollywood vocalist of his caliber, and it contains a strong message of hope and resilience. 

Hope and peace have become vital in the face of the global pandemic that is devouring the earth, bringing down systems, and generating fear worldwide.

Apart from spearheading the crypto revolution, Kher has established himself as a voice of optimism, reminding the world of humanity’s potential to be tenacious and strong in the face of adversity. Collectors may proudly possess a piece of Kher, who is unquestionably one of Asia’s most beloved thanks to his refreshing NFT.

Crypto Adoption Anticipated 

Kher’s NFT will undoubtedly prove to be a game-changer in the popularity of both cryptocurrency and NFTs in his country. The public does not view him as tech-savvy which makes it easier for them to pick an interest in the crypto space since he is widely seen as one of them.

Since the start of the year, there has been a viral spread in the awareness of the crypto space, and several countries have moved quickly to join the blockchain world and build their economies.

Due to the huge loss caused by the pandemic, the crypto industry has provided a way out for both individuals and governments to access funds for development and preservation. More people are making a living out of the crypto space, and it is anticipated that more participation will be witnessed in the coming weeks.

 

Indian Beauty Queen Launches First-Ever NFT on OpenSea

It is no news that there has been a massive shift from the traditional approach that ruled the financial market and system globally. The world is digital today, and championing this digital revolution is a cryptocurrency that has risen to change the world’s economic system globally. As a result, the cryptocurrency industry has blossomed into a commercial hub years after it first began as an unknown concept.

NFTs have been Making Waves

Since the beginning of the year, there has been a viral spread of knowledge about the crypto world, and various countries have moved swiftly to join the blockchain world and develop their economies. With the pandemic’s devastation, practically everyone is looking for a way out of the economic quagmire created by minimal human interaction and a shrinking workforce, as seen in some countries. Everyone, on the other hand, has seen the crypto realm as a quick way out.

There has been a new revolution in the crypto sector, which is hastening the acceptance of cryptocurrency all over the world. Non-fungible tokens (NFTs) have risen to prominence in the cryptocurrency ecosystem, accounting for the majority of revenue earned. NFTs have given crypto a whole new dimension, transforming it into a money-making sector. It has become the new draw, attracting new participants to the crypto revolution.

Both the wealthy and those from low-income households have benefited from the NFT movement. These days, artists and other celebrities have embraced cryptocurrency because of the huge potentials found in NFTs. Over the last few months, stars like soccer player Kylian Mbappe and music legend Snoop Dogg have joined the NFT train making its popularity soar.

Suman Chellani Joins the Train

Winner of Miss India Intercontinental 2018, Suman Chellani became the latest celebrity to show interest in NFTs and recently launched her NFTs on the popular NFT marketplace, OpenSea. 

The famous model and actress are one of the many stars from India to launch NFTs in recent weeks as the country continues to be one of the most fertile grounds for cryptocurrency. 

Chellani is widely known in her country as a popular show host and anchor and has thousands of credits to her name, as well as other successful ventures. Her foray into the world of NFTs shows her ambition and determination to spread the adoption of cryptocurrency in her country.

NFT Surge is Anticipated

While NFTs are not a foreign concept for Indians as several Bollywood stars and legends such as Amitabh Bachan and Sunny Leone have made a move to introduce NFTs to their fans, the adoption was still relatively slow and not as anticipated. 

With beauty queen Chellani joining the trend, it is widely anticipated that more Indians will move towards NFTs in the coming days. Indians are known for their talent, and NFTs will undoubtedly prove to be a game-changer if widely accepted by the country.

Dapper Labs to Embrace DAOs Like NFTs

NFTs have become the most popular trend within the crypto space and have seen millions of subscribers seeking to dive into the potential it offers. Artists and other forms of creators have been the biggest beneficiaries of NFTs and in August alone, NFTs accounted for a huge sum of the total revenue generated in the crypto space.

From CryptoKitties in 2017 to NBA Top Shot, the rise of NFTs from obscurity to mainstream adoption can be linked to the huge role played by the popular crypto firm, Dapper Labs, who made it a primary goal to spread NFT to a wider audience which, as a result, attracted several high profile actors, global organizations and sports stars.

New Potential

Dapper Labs has spotted a new potential in the crypto world and is out to throw its full weight behind DAOs. Like NFTs, DAOs are bound to be the next big thing in the blockchain world, and as a result, Dapper Labs has reportedly created a new business unit to develop tools for DAOs, which stands for decentralized autonomous organizations.

Dapper to Embrace DAOs

Dapper Labs continues to launch more NFTs on its Flow blockchain as well as raise funds for it but being a visionary organization; it has now turned its attention to the full development of DAOs. Already, several steps have been taken by the firm to ensure that DAOs rise in their status in the crypto space.

Dapper Collectives, the unit assigned for the development of DAO tools, is equipped with top crypto experts who would analyze and build on the potential in this new trend. Also, to spread the adoption of DAOs and ensure a wider audience is fully aware of all it entails, Dapper Labs recently purchased a startup organization that uses a special form of storytelling for community building; Brud.

The Rise of DAOs

Decentralized autonomous organizations have taken the crypto world by storm and, of late, are compelling heads to look in their direction due to the enormous possibilities it offers. Basically, DAOs are simply online communities that are empowered by ownership stakes which take the form of tokens that can be used for various purposes such as social interactions, investment funding, or even the governance of crypto projects.

Crypto experts and advocates anticipate a revolution to be caused by DAOs due to their flat structures. It is believed that DAOs can compete fiercely with traditional corporate models and ensure that value and power lie within the community that creates it. Despite the potential it holds, there is still a lot to be done before it can take full speed. The tools needed to run such organizations are still being developed and would require users or individuals who are crypto savvy and also possess a huge amount of tokens to participate.

Dapper to Lead the Way

On its part, Dapper Labs claims it can assist in simplifying the process of building, maintaining, and participating in decentralized autonomous organizations (DAOs), whether for individual inventors or existing businesses that see a future in decentralization and the Web3.

A team of experts have been assembled to bring this work to life and would include Trevor McFedries, co-founder and CEO of Dapper Collectives, who will head the company. Trevors rich background outside of Brud explains why Dapper decided to bring him on board and have him lead this huge charge. 

Sushiswap to Auction its First Birthday NFT

Sushiswap is one of the many crypto platforms to have experienced mind-blowing optimization of products at ridiculous speed, community growth. Celebrating its first birthday, Sushi announced an art contest that would see them reward winners with NFTs and other prizes.

Each piece of artwork submitted will have a one-of-a-kind opportunity to launch as a fractional NFT on the MISO launchpad, bringing it to the forefront for one of the Ethereum space’s greatest DeFi communities. Sushiswap community members would vote on their favorite artwork, and the work with the highest vote wins the contest. Also, the winning artwork would be used to represent Sushi’s first birthday and offer a series of benefits for the artist.

Sushi to Auctions its first birthday NFT

Sushi recently took to its Twitter to announce that its first birthday NFT would be auctioned on Miso on Wednesday, October 6th at 16:00, UTC. More details about the community and the winning artist from the art contest, as well as details of the NFT to be auctioned, would be revealed during an AMA on Discord at the same time.

What’s in it for the Artist?

The artist would get to fractionalize their work as an NFT as well as auction off all 888 NFT shards via an IDO on MISO. Also, their work would potentially be featured on Shoyu, which would depend on the schedule of the launch. Finally, the artist would get 70% of the auction proceeds while the next nine runner-up artists would share 15%, and another 15% would go to xSUSHI holders.

Furthermore, as a bonus, the winning artist would receive about 88 SUSHI tokens and also be granted a special artist role in the community’s discord, as well as access to an exclusive Discord channel. 

For artists who come in second and third place, they would both receive 50 SUSHI tokens and 25 SUSHI tokens, respectively while other valid entries to the art contest will gain a unique Discord role and gated access to the Discord channel. With these, Sushi hopes to reward and encourage creativity on its platform and give its community members the chance to enjoy the spotlight.

About Sushiswap

SushiSwap is an Ethereum-based program that aims to entice a network of users to create a platform where they may buy and trade crypto assets. The platform has been tagged as one of the fastest DeFi projects since it launched. SushiSwap, for example, has taken the DeFi industry by storm, developing from a rudimentary Uniswap derivative to a protocol with its active user community and hundreds of millions of dollars invested in record time. Click here to learn more about Sushiswap.

Bollywood Legend Joins Crypto Exchange, CoinDCX

Cryptocurrency is fast becoming a part of the world today, and almost on a daily basis, new partnerships are being announced. As countries of the world continue to open their doors to the blockchain industry, Asian giant India is leading the race in embracing cryptocurrency with both arms. Cryptocurrency is currently a mainstay in the country and has captured the interest of both young and old.

Celebrities are not left out in this revolution. Several Bollywood figures have in the last few days made crypto-related announcements, and the latest to join this train is the movie icon, 

Amitabh Bachchan was recently signed as a brand ambassador for crypto firm CoinDCX.

Bachchan Joins CoinDCX

The Bollywood icon will be the first star signed to represent the Cryptocurrency exchange firm. Signing the movie maestro is seen as a move in the right direction for CoinDCX as Bachchan would help foster the popularity of the brand in his native country. The main goal of this partnership would be to help increase the awareness of cryptocurrency and see the number of users increase in the coming weeks.

Reports revealed that there had been an increased interest in Indians to invest in cryptocurrencies but to help them get the best of such experience. Finding the right platform alongside accurate knowledge is key. As the face of the brand, Bachchan would help spur the public to gain crypto-related insight that would back their transactions on the space.

Having the 78-year-old legend on board, CoindDCX hopes to portray itself as a leading platform when it comes to making secured crypto investments that comply with rules and guarantees a thrilling experience. CoinDCX prides itself as a brand that educates the public on the crypto space, and their recent partnership mirrors their ambition in championing crypto adoption, especially in India.

The “Sholay” actor is no newbie in the crypto space. Recently, Bachchan announced the launch of his NFTs,( non-fungible tokens) and has shown incredible knowledge and interest in the crypto space within the past months. Bachchan is also an ardent crypto investor himself and would hope to use his fame and exposure to enlighten others on the potentials in the crypto world.

Reaction to the Partnership

Reacting to the recent announcement, Sumit Gupta, co-founder, and chief executive officer, CoinDCX, said, “ We are honoured to have Bachchan as our brand ambassador. Being a crypto investor himself and having launched his own NFT (non-fungible token) recently, Bachchan is well-versed with the crypto space. His knowledge will prove valuable in building trust and credibility amongst new users. We are certain that his association with CoinDCX will help bring greater visibility to the world of crypto and develop a strong brand recall for us.”

Crypto in India

In India, the crypto business has grown at a massive rate and has become a source of income for some in Asian countries. Millions of Indians are becoming early adopters of the crypto asset class, and various platforms are up to ensure that more people participate in crypto.

CoinDCX recently became a part of the Advertising Standards Council of India (ASCI), a voluntary self-regulatory organization for the advertising sector, to help build more confidence and ensure credibility in the fast-paced growth of cryptocurrency and the digital asset business in India. As a result, experts anticipate more crypto-related deals and partnerships in India in the days ahead.