Indian NFT space saw GuardianLink (an NFT Tech facilitator) and BeyondLife.Club (an NFT launchpad) come together for the high-profile Amitabh Bachchan’s NFT launch. Wonder – how has it panned out?

Technological partnerships amidst this growing NFT space are inevitably important. At the end of the day, not everyone knows everything, do we/you? To keep adding value to the dynamic NFT space, NFT players must harness the expertise of technology providers to create a robust NFT verse.

Let’s see about one recent technological partnership and its impact on the evolving Indian NFT market.

A Good-for-large Partnership

BeyondLife.Club’s partnership with Guardianlink.io is a one-of-a-kind association that offers an all-NFT launchpad for celebrities, brands, and artists to launch their NFTs. 

Welp, that begs the question – What exactly is an NFT?

NFT, or non-fungible token, is a digital token with unique characteristics and can’t be interchanged. Simply put, NFTs are Blockchain-linked copies of real-world art, videos, images, etc. Tokenizing such tangible assets bestow identity protection and mitigate cyber theft. 

Instead of following traditional paradigms, Guardianlink.io decided to take a proactive approach and let its partners plug into their value propositions. This approach provides clear benefits to all the parties involved – the partner, NFT creators, and collectors. BeyondLife.Club takes the beneficiary role in the form of GuardianLink’s value proposition like no-code NFT launchpad, Anti-rip AI Spyder tech, etc. 

What do Guardianlink.io gain by doing all these things, if you wonder? GuardianLink is not a newbie player; instead, it is an outcome of 4+ years of incessant research and development (R&D) in Blockchain. Since Amitabh’s NFT launch, GuardianLink has expanded its presence in the market. The recent $12m funding raised by GuardianLink (from Kalaari Capital) is the perfect example of the brand’s increasing exposure.

Trending Toward an NFT-friendly market

We can safely say that – It was WazirX and BeyondLife.Club (powered by GuardianLink) that had a profound impact on the Indian NFT space (in 2021). 

To ascertain the impact of WazirX and BeyondLife.Club, one must recall the Indian NFT scenario a year back (in 2020). Back then, NFTs were merely a new concept and mostly unheard of! But the real magic has happened since then – WazirX launched its all-NFT marketplace in June 2021 and BeyondLife.Club launched #AmitabhNFT in November. 

Success could open up a creator-friendly NFT environment to anonymous yet talented artists from India. In a country where many artists lack opportunities, NFTs might serve as a viable revenue-generating source for the artists. Previously, these artists had to rely on traditional auction houses and exhibitions, which was time-consuming and frustrating. Even though Ecommerce platforms had come in as a respite, NFTs seem to be the permanent way out (for them)!

A Gist on Amitabh Bachchan’s NFT collection

When Amitabh Bachchan dropped his NFT collection last month, the response was stupendous. The NFT Auction included an array of BigB-themed NFTs, which collectively sold for around $9,66,000 (7.18 crore INR). But, more importantly, these amazing numbers prove that people see NFTs as a way of monetizing too!

BeyondLife.Club is set to launch its marketplace soon (via @beyondlifeclub on Twitter); those who missed owning Amitabh’s NFT could have a chance now!

Conclusion:

In an increasingly dynamic NFT space, one where developments are infant, no single player can deliver all the value. Embracing tech facilitators like GuardianLink could leave NFT projects in a safe company.

Have a blog idea? Drop it in the comment section and we’ll try to weave it together!

Tags: , , , , ,

Related Article

0 Comments

Leave a Comment