The cryptocurrency industry has boomed and integrated itself into different sectors around the world. However, the biggest influence the cryptocurrency industry has seen is in the space of art and music because of NFTs. NFTs are non-fungible tokens registered on blockchain that are assigned to real-world or virtual assets such as photos, videos, music pieces, memorabilia, and the list goes on.
The world is changing, and every artist is hopping on the wagon of NFTs because of their unparalleled security and monetary benefits. In a recent change of events, Kailash Kher, a popular Indian singer-songwriter, has joined the NFT movement. This NFT by Kailash Kher is a momentous win for the NFT world because it represents NFTs going mainstream in India as well.
While there have been few other Indian NFTs by creators such as Amrit Pal Singh, a Delhi-based 3D artist, the adoption was slow. However, with the likes of Kailash Kher joining the NFT movement, all other artists are sure to follow.
NFT by Kailash Kher
Kailash Kher is an Indian playback singer and music composer who is deeply influenced by traditional Indian folk music and Sufi music. The 48-years old musician has several popular hits, including his original songs in popular movies such as “Baahubali: The Beginning” and “Fanaa.”
The NFT by Kailash Kher is considered a monumental win because Kailash Kher is not someone who can be viewed as a tech-savvy individual with in-depth knowledge about the cryptocurrency universe. The sole reason behind creating this NFT is to take advantage of NFT’s excellent reach, safety, and economic opportunities.
Moreover, the NFT by Kailash Kher will be the first-ever NFT to be built in the Bollywood musician industry and will set an example for the rest to follow. The announcement of the NFT on Kailash Kher’s Twitter handle has already sparked a wave of excitement among his fans and crypto lovers in India.
This announcement also got recognition from Blockchained India’s president Akshay Aggarwal,
“It’s an exciting time for the crypto assets industry. NFTs have really pushed ahead the early success of the industry to another level. From Dolce & Gabbana in Europe to Zee Studios in India, I think the whole movement is picking up pace and creating opportunities for artists all across the globe.
Kailash Kher who I became a fan of hearing the song “toota toota ek parinda” back in the day, now makes me so happy with his decision of getting onto the bandwagon. I am glad that I chose to get into this industry 5 years ago. There is no stopping for NFTs and the people behind enabling this deserves true recognition.”
The NFT world is growing exponentially, and it won’t be long before every artist, musician, and creator in the world launches their own NFTs and reap the benefits of blockchain technology.