Designer Manish Marhotra announces first fashion NFT collection, recording fastest sale

Indian fashion designer Manish Malhotra has entered the crypto world with his first collection of non-fungible tokens (NFTs), a unique digital item that can be purchased using cryptocurrencies. Earlier this week, 54-year-old Bollywood designer announced five limited fashion-themed NFTs. Malhotra’s NFT collection included sketches and GIFs of five haute couture pieces worn by famous models and actresses such as Lisa Ray, Deepika Parkon, Kareena Kapoor Khan, and Alia Bhatt.

The auction was held at WRX. This is WazirX’s native token, Binance blockchain..

Of the five NFT, Carina’s custom-made constellation sketch called “Illuminous Show Stopper” has appeared as the best-selling work. Mike Blue, the creator and collector of NFTs, bought the NFTs for a whopping 3,000 WRX. That’s $ 37,53 as of today. WazirX claimed that the sale took place within 12 seconds of the collection being deleted.

“NFTs are complete game changers that the Indian industry needs to consider and move towards. Seeing so many new possibilities in the artisan and creator community. “We can,” Malhotra said, revealing plans to explore further cryptography in this new era.

Other works also went on sale in the range of $ 2,054 to $ 2,535 within just two minutes of launch.

“All of these NFTs sold out fastest in just 12 seconds for” Illuminous Showstopper “, 13 seconds for” Reminiscing Runways “, 72 seconds for” Memorable Sketch “and 132 seconds for” Archive Days “, and sold out in almost 2 minutes. Did. “Wazir X said.

Development begins a few days after Italian luxury fashion brands Dolce & Gabbana We sold a 9-piece fashion NFT collection for $ 6 million (about 44.8 rupees).

World-renowned celebrities such as rapper Snoop Dogg, NBA athlete Stephen Curry, and YouTuber Jake Paul have made NFT sales of $ 10.7 billion in the third quarter of 2021. The number has increased rapidly to Chlore). report According to market tracker DappRadar, NFT sales are more than eight times higher than in the previous quarter.

NFT trends are slowly accelerating among Bollywood celebrities. B Town Megastar Amitabh Bachchan By November of this year, he plans to deploy his own NFT, including some of the most unique and exclusive artwork surrounding his identity.

Actress Sunny Leone too Reportedly This month I invested in an NFT and was the first Bollywood actress to invest. In early September, NFT trading platform Colexion brought Indian artists such as Suniel Shetty, Aamir Ali, Mika Singh and Sidhu Moose Wala to the market.

Are you interested in cryptocurrencies? Discuss everything about crypto with Nischal Shetty, CEO of WazirX, and Alok Jain, founder of Weekend Investing. Orbit, Gadget 360 Podcast.Orbits are available at Apple podcast, Google podcast, Spotify, Amazon music Wherever you can get a podcast. Designer Manish Marhotra announces first fashion NFT collection, recording fastest sale

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