Indian filmmaker, Ram Gopal Varma, is the latest from the South Asian country to enter the NFT scene with his film, Dangerous. According to Varma, Dangerous is India’s first film NFT. Users can now either buy some ‘Danger tokens’ to become a partner or buy the ‘whole property’ of the movie.
More on ‘Dangerous’ film NFT
According to the RGV Danger token website, the Dangerous film NFT is valued at 600,000 units. Each unit costs INR 100 (around $1.33 at the time of writing). While the director and his team hold 100,000 units, investors can buy the remaining units. Moreover, the investors will get a proportion of the revenue shares as per the units they invested in.
Speaking about his foray into NFT space, Varma said, “I understood that there can be many parts to an entertainment product which can be made, which is where NFT comes in.”
Varma is famous for his controversial movies and Dangerous is no exception. Back in May, he released the poster of the upcoming movie, calling it ‘India’s first lesbian crime/action film’. The movie follows the story of two women who fall in love following ‘bad experiences with men’.
However, the movie received severe backlash from netizens for inaccurately portraying same-sex relationships. Furthermore, many were outraged at the movie for insinuating that bad heterosexual experiences led to homosexuality.
“Bad experiences with any gender doesn’t change a person’s sexuality,” one Twitter user wrote. “If this was the case then every women would have been a lesbian.”
NFTs pick up in India
Lately, NFTs have been gaining popularity in India, with many Bollywood stars dropping their NFTs. Actors like Salman Khan, Sunny Leone, and Amitabh Bachchan has already launched their NFTs. Meanwhile, short video platform, Chingari, launched its NFT marketplace and GARI token this month.