Salman khan Financial News

GARI token, a crypto asset endorsed by Bollywood's megastar Salman Khan, has plunged about 90 per cent in the last 24 hours over rumoured hacks and wrongdoings. The Gari Network's GARI token, powered by the social media platform for content creators ChinGari, dropped about 87 per cent to below $0.1 from $0.75 on Wednesday. However, it recovered mildly and was trading at $0.132 on Thursday. Even the volume of the token has taken a big hit, which has plunged to half in the 24 hours. Tokens worth $56.43 million were traded in the last 24 hours, suggests data from Coinmarketcap.

In October 2021, when cryptocurrency prices were soaring, we saw several Indian celebrities being associated with cryptocurrency exchanges endorsing investments in cryptocurrencies and also launching their non-fungible tokens (NFTs) that enabled fans to buy and trade in NFTs. The crypto exchanges believed endorsements from trusted personalities build awareness and trust for investing in cryptocurrencies, which is why many exchanges associated with celebrities to endorse cryptocurrencies and investment features.

BollyCoin has released a teaser of its upcoming NFT collection based on 'Chulbul Pandey', the character from Salman Khan's successful 'Dabangg' franchise. The novel collection will provide the fans of Salman Khan 'Dabangg' wearables that they can use in various metaverse platforms, such as Decentraland and The Sandbox. The NFT marketplace, which kick-started in October 2021, is aiming to get Bollywood into the Metaverse. BollyCoin is a community-driven platform, with its own cryptocurrency listed on the decentralised exchanges, namely — UniSwap & QuickSwap.

In March 2021, a 1961 oil painting by VS Gaitonde sold for over $5 million — making it the most expensive Indian art ever sold. In the same month, auction house Christie's sold a digital work of art for the first time for $69 million. It not only set a record but also made a blockchain application called NFT instantly popular. NFTs, or non-fungible tokens, are unique digital items stored on a blockchain, the same network that runs cryptocurrencies. Anything digital — images, videos, music, even the online version of this article — can be converted into an NFT and monetised. NFTs are not the digital art but instead certificates of authenticity, and most use the blockchain of ethereum, the second-biggest cryptocurrency. Just like crypto, trading of NFTs too has no legal backing yet. The lack of regulation also means that it is prone to price manipulation. Increased use of the internet and a surge in interest in crypto has driven NFTs' popularity. «Many consumers who had put money in crypto were introduced to NFTs as a new medium of investment. NFTs also gained popularity when celebrities like Twitter co-founder Jack Dorsey, Paris Hilton, and Snoop Dogg sold NFTs,» said Sumit Ghosh, CEO & co-founder of Chingari, the NFT marketplace that was launched by Salman Khan in October 2021. Presented ByDid you Know?Producer, direc

NFTs, or non-fungible tokens (NFT) – a type of crypto asset in which each token is entirely unique – is picking up in India with several celebrities such as Amitabh Bachchan, Kamal Haasan and Salman Khan jumping on to the bandwagon.