Bolly Heroes NFT Project is pursuing a grand vision to build a parallel Bollywood Metaverse in collaboration with real partners. This means that the platform allows users to create NFTs together with production houses, music labels, brands, celebrities and animation companies.
Overview of Bolly Heroes NFT Project’s Ethos
Basically, the project offers a limited NFT Collection in parallel Bollywood called Bollyverse. The best part is you won’t just own a piece of the rich legacy of Bollywood; you can also add to that world through your own creations. What sets this platform apart is that it is the world’s first community-driven world. So users can write, act and produce their own stories and characters then launch community-driven films, games, shows and animation.
Users can choose from 3 primary types of NFTs: Legend, Hero and Celeb. Each NFT type carries its own set of benefits. However, a standard utility to all is that NFT holders are rewarded with revenue share, incentives and exclusive access to new products. So the platform will be a perfect avenue for the community to express their creativity and earn revenue from each new story and product they acquire.
The NFT Tiers
The Legend NFTs contains over 250 exclusive collectibles and are based on classic movie scenes as well as celebrities. So in a way, it chronicles the past 50 glorious years of Indian cinema. In this tier, creators can earn lifetime royalties on their artwork. Meanwhile, early holders and participants will get a chance to earn more than a 10% share in revenues.
Meanwhile, Hero NFTs are a collection of 10,000 unique computer-generated digital art. According to the website, “These can be instrumental in launching new projects where the users can get more than 2.5% of the revenue share.”
Lastly, the platform will offer Celeb NFTs. From the anime itself, these NFTs are created in collaboration with real celebrities and influencers. These will dish out regular rewards and participation rights for Legend and Hero holders.
Breaking Down Future Plans
As scheduled, the minting of the Legend NFTs already started. Users simply need to go to the website and connect their MetaMask wallet. Then, just purchase the NFT and pay for the gas fees. That’s it! You’ll be a proud owner of a Bolly Heroes Legend NFT.
Based on the Roadmap, October will be a hectic month for the project. The team plans to open the month by enabling the minting of Hero NFTs. One of the highlights is the launch of Real NFTs in partnership with celebrities and brands. Finally, users can look forward to the collectible auctions with partners.
By November, the platform will already kickstart the earning component of the project by activating the weekly distribution of incentives and rewards. Then, from December onwards, the project will start developing and focusing on the staking and lending feature.
Bolly Heroes wants artists and celebrities across India to take advantage of NFTs while it’s still new. So far, Bollywood Superstar Sunny Leone has released her debut NFT Series on her website. With a social media following of almost 50 Million on Instagram alone, Leone’s move stimulated the market. Moreover, Binance-owned exchange WazirX launched India’s first NFT Marketplace. Like Nifty Gateway, it only offers exclusive artworks. During the launch, the platform pulled in 11,000 creators with 15,000 applications. Then, it assembled India’s most prominent artists to release an NFT Collection honoring 75 years of India’s Independence.
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