Summary:
Binance introduced its first-ever Indian NFT collection on Monday, inspired by Indian mythology as well as Southeast Asian, Japanese, and Chinese culture. MetaMasters are strong heavenly beings who travel through the fabric of space and time to bring their collectors’ good fortune. In December 2021, the global sales value of Non-Fungible Tokens surpassed USD 4 billion. In December 2021, the global sales value of Non-Fungible Tokens surpassed USD 4 billion. NFTs are one-of-a-kind digital assets with confirmed ownership rights that are recorded on a blockchain. Many celebrities have recently begun creating and selling NFT artwork to their fans.
Details:
Monday morning, the world’s largest cryptocurrency exchange Binancetossed its first-ever Indian NFT collection uplifted by Indian myths and Southeast Asian, Japanese and Chinese cultures. In December 2021, the global deal’s value of Non Fungible Tokens had rocketed above 4 billion USD. The Indian NFT Collection, MetaMasters – unique selling concept guarantees ‘888 times more profit, riches and returns for its collectors, will be accessible to Binance’s 30 million global clients.
MetaMasters are magnificent divine beings who traverse across the fabric of spacetime to bring their collector’s good fortune. According to the Binance description, the first in the series would be MetaMaster Mahadev. The NFT’s floor price has been placed at USD 387.92, and 3,564 pieces are available for purchase on Binance. Sourav Roy, a storyteller and NFT asset maker located in Europe, and Sandeep Bhatia, a tech entrepreneur and NFT artist based in Singapore, established MetaMasters.
The series debuts to commemorate the fortunate season between Chinese New Year, which begins in the first week of February, and Maha Shivratri, which occurs in the first week of March. When discussing the MetaMasters concept, Roy stated that the age of functionless, uninteresting NFTs is over, and collectors demand value for their money, functionality, and a distinct application for their NFTS.
NFT – Why so Popular?
Everyone is sick of seeing the same grainy, zero-utility NFTs. People are bored watching the wild cats, roaring lions, punching penguins, and noisy parakeets in the name of art. That’s why while creating MetaMasters and during its launch, we focused on a unique combination of tales from India, China, Vietnam, the Philippines and Turkey. “The first in the series is MetaMaster Mahadev,” Roy added.
NFT buyers and collectors all around the world collect NFTs because they are one-of-a-kind and rare. The more distinctive and uncommon it is, the higher its holding value and, as a result, its demand in the secondary sales market. NFTs, or non-fungible tokens, are one-of-a-kind digital assets with verifiable ownership rights that are recorded on a blockchain. By facilitating the sale of digital assets, NFTs are transforming the arts, music, and sports sectors.
Celebrities have also recently been involved in making and selling NFT artwork to their fans. In December 2021, the global sales value of Non-Fungible Tokens surpassed USD 4 billion. While the crypto markets have been volatile because of the rise and fall of Bitcoin and other cryptocurrencies, NFTs have been thriving. ‘The distinguishing feature of a good NFT is that it has a unique utility, efficiency, purpose, and collection worth. That also implies the return on investment in the secondary market is a sure thing,” said MetaMasters co-creator Sandeep Singh.
Credits: www.livemint.com