Buying, selling, and trading Non-Fungible tokens (NFTs) is becoming increasingly popular worldwide, from top Bollywood celebrities’ memorabilia to digital art of cricket legends, entertainment collectables, music, lifestyle, and more. In India, all eyes are on Colexion, which promises to be unlike anything else.
Colexion will establish a personalised digital museum for celebrities and a multi-verse game platform where users can play and earn in addition to a unique digital art collector platform.
The company claims to be the safest and most user-friendly licenced NFT marketplace on the market. There will be a monthly subscription to the digital art museum and artistic short films for different income streams, 30% of celebrity sales will be streamed, and all purchases will be made using the CLXN token.
The company’s target demographic is 15 million-plus 25-40-year-old bitcoin users and 500K 20-25-year-olds who use fan engagement sites. The target audience in India is 510 million 18-to 24-year-olds who spend an average of 8.5 hours per day playing online games.
Colexion, the world’s largest licenced NFT digital arena, allowing users to purchase and sell digital assets all over the world.
“The NFT market cap is currently approximately 40 billion dollars, with over one million NFTs sold. Colexion will make sure that NFTs are available to everyone on the planet. Colexion’s Founder and CEO, Abhay Agarwal, said, “We’ll be curating some fascinating categories of NFTs, as well as add-on tools for participation on the site.”
Aggarwal started Colexion in January 2021 to be a leader in the licenced NFTs space. In July, the company launched an $8 million pre-Series A investment round to quickly expand into new countries.
Colexion aspires to have the world’s most extensive digital art collection and build a unique community of artists, collectors, and celebrities. For all of its celebrities, the company is generating unique digital treasures, rare artwork, and special trump cards, which will be utilised for trading and gaming.
Colexion is the world’s first startup to create a customised digital NFT celebrity museum. The museum can also be used as a platform for participatory activities. “The virtual museum that will be included in our virtual reality feature will provide users with the experience of visiting a virtual museum of their favourite celebrities,” Agarwal explained.
“We’re creating biographies of players and athletes to tell their tales in a unique way to fans. Furthermore, fans will be able to communicate with their idols through live webinars and events hosted on the Colexion platform,” said Bibin Babu, the company’s Co-Founder and Chief Operating Officer (COO).
Babu is a serial entrepreneur that specialises in blockchain technology. The company has filed for a patent and is seeking sponsors from companies that make electrical gadgets, luxury automobiles, fashion brands, beverages, and similar products.
Colexion has already inked partnerships with musicians and Bollywood actors, and international cricket and other sports figures. Indian singers Mika Singh, Salim-Sulaiman, and Sidhu Moosewala; Bollywood star Sunil Shetty; actors Tanuj Virvani, Raai Laxmi, and Aamir Ali; and international cricketers Varun Chakravarthy (India), Dwayne Bravo (West Indies), Brendon McCullum (New Zealand), David Malan (England), Kieron Pollard (West Indies), Imran Tahir
The company has also secured partnerships with several legendary Superhit feature films and award programmes and talks with several international sports federations for exclusive NFTs. It has already struck agreements with All Stars Football Club and Tiger Shroff’s MFN fight club.
India’s leading entertainment company Cineyug, cryptocurrency utility bill payment platform Payiza, Distinctive International Arab Festivals Awards (DIAFA), investment and finance consulting firm Sanctum, the world’s first educational stable coin Edge Coin, and Dubai-based Pajson Global Holding, which deals with agriculture, petroleum, and tech startups, are among Colexion’s partners.
Colexion is working on a first-of-its-kind NFT gaming platform. “We want to create the world’s largest digital collectable gallery in entertainment, lifestyle, sports, and art,” says the company. We’ve put together the best possible combination of Fan Engagement and Art Collection. We’ll draw greater attention to India’s national sport by launching big leagues to promote and raise awareness,” added Aggarwal.
He went on to say that Colexion will collaborate and develop leagues for untapped sports like volleyball and football, as well as stage its award shows to reward athletes who frequently go unnoticed for their efforts. “With time, international football players, football clubs, and film production companies will join us. We’re also looking to incorporate the Olympic Games as a whole competition into our platform,” he added.
“It is safe, secure, and easy to use because it is built with numerous levels of protection using cutting-edge Ethereum-based Blockchain,” Babu explained.