The Non-fungible Token (NFT) ecosystem has become a prominent member of the blockchain universe as the NFT market managed to generate $2.5 billion in sales in the second quarter of this year. The sales volume remained high throughout this year and reached its peak in the month of June. To the collectors, these items have both investment potential and intrinsic cultural value. In addition, the rise of crypto billionaires has birthed a whole new culture of owning collectible digital art. As a result, only in 2020, almost 30,000 to 80,000 NFT transactions were made on a weekly basis. Considering the potential of such a growing marketplace, several new NFT platforms and blockchain solutions are joining the industry each day. Colexion is a similar kind of elite NFT marketplace that aims at redefining the Indian NFT landscape.
Conceptualized by CEO and Founder Abhay Aggarwal, Colexion emerged as Asia’s largest licensed NFT marketplace with its formal public launch on September 10 this year. As an NFT platform, NFT is dedicated to sports, entertainment, and art memorabilia from some of the biggest celebrities around the world. The digital museum will be very soon open to the general masses to allow them to buy and sell NFTs of their favorite stars. It will also act as an interactive community among the users. The platform will also have some unique features which will be announced soon.
Be it ticket stubs or autographs, the Non-fungible Tokens are the witnesses of some of the exclusive moments in the life of a celebrity. In today’s world, when the fans want to share some memories with their favorite celebrities and sports personalities, Colexion presents an exclusive opportunity to the art connoisseurs and general fans to buy, sell or trade some of the exotic NFTs which will carry a personal touch of the global superstars. The items featured in the NFT museum will be iconic in their own capacities and will let the fans feel close to their entertainment and sports idols. All the collectibles will, in fact, come with a certificate proving their authenticity. With an aim to become more mainstream and attract more general customers, the platform will allow several modes of payment including credit cards.
The world of sports has always been a big part of NFTs. However, Colexion will be the first to incorporate the world of cricket. West Indies All-Rounder Kieron Pollard, Australian All-Rounder Glenn Maxwell, and South African-Australian Fast Bowler Morne Morkel among others have already been agreed to be a part of the Colexion marketplace. Iconic Indian singer Mika Singh will also launch his NFT collectibles in Colexion. Several other global stars from fields like art, entertainment, and sports will also be partnering in this one-of-its-kind platform.
Colexion believes in bridging the gap between fans and celebrities through personal NFT items. With this goal in mind, the expert team of developers at Colexion are putting in their hard work to develop innovative tools and bringing a revolution to the Indian NFT market.