The experts tracking the space say that NFTs have the potential to replace in-app purchases which are said to have grown 10-times in the last three years.
The series of digital collectibles from ISL include 27,500 team posters and 242,000 trading cards.
With this foray, Chingari, which currently offers customized videos, an extensive song library, hyper-realistic AR filters, and content in more than 20 languages and has around 50 million monthly active users and almost 85 million downloads to date, has reportedly become India’s first social network to issue crypto tokens.
ABD joins Delhi Capitals captain Rishabh Pant in participating in the NFT bandwagon. Notably, Pant will be offering digital collectibles like moment cards on Rario, a cricket-based NFT platform.
Fashion designer Manish Malhotra on creating five non-fungible tokens (NFTs) for the WazirX NFT Marketplace, through the FDCI X Lakmé Fashion Week.