Amitabh Bachchan's NFT collections of 'Madhushala', autographed posters and collectibles, have received bids worth $520,000 (about Rs 3.8 crore) on the first day of auction being organised by Beyondlife.Club. In August, BeyondLife.club, a venture between Rhiti Entertainment and GuardianLink.io, had announced that Bachchan will roll out his NFT (non-fungible token) collection on the platform.
An NFT is a unit of data stored on a digital ledger, called a blockchain, that certifies a digital asset to be unique and therefore, not interchangeable. NFTs can be used to represent items such as photos, videos, audio, and other types of digital files.
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