Cricketer Yuvraj Singh Launches NFT Collection following his birthday
- ByTejika Bajaj | December 13, 2021
Former Indian cricket player and a member of the winning squad at the 2011 World Cup, Yuvraj Singh recently announced his entry to the NFT market which is brimming with celebrity participation. Earmarking his birthday, the most celebrated cricketer announced that he would be launching his NFT collection this Christmas on the platform Colexion which he invested in recently.
“Being there from ball 1 to the time I decided to hang up my jersey, the fans have always been with me. Thank u for cheering in my highs & giving strength in my lows. On my b’day I’m proud to announce a special gift for u-Yuvraj Singh NFT Collection in partnership with @colexionNFT,” Singh tweeted. Colexion had earlier collaborated with Pankaj Advani, Glenn Maxwell, and Brendon McCullum as well.
This announcement comes at a time when numerous celebrities have turned to launching their digital memorabilia to tap the growing craze around NFTs and rake in profits. Eminent personalities like Amitabh Bachan, Salman Khan, Dinesh Karthik, Manish Malhotra, Rishabh Pant, Sunny Leone, Zaheer Khan and Sunil Gavaskar among others have marked their entry into the NFT market this year.
Essentially a digital asset, NFTs exist on Blockchain and represent different collectables such as digital artwork that are unique and cannot be traded unlike cryptocurrencies. NFT was the Collins Dictionary’s word of the year as it recorded a ‘meteoric’ rise of 11,000 per cent in its usage in 2021. However, akin to cryptos, NFTs also are currently not regulated in India.
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