Tweet Salman Khan, Amitabh Bachchan, Sunil Gavaskar, Manish Malhotra and Kamal Hassan are only some of the big names in India who are hopping on to the NFT bandwagon. But what is NFT that is increasingly becoming the hot topic of discussion across platforms and industries? While the legislature is yet to clear the air on various regulatory aspects of virtual currencies such as bitcoin and the Cryptocurrency and Regulation of Official Digital Currency Bill, 2021 (Crypto Bill) is yet to be introduced before the Lok Sabha, investor(s) are inching to another kind of crypto asset which are “non-fun ..read more

Tweet Introduction             A non-fungible token (NFT) refers to a unique and non-replicable entry on a cryptographic blockchain ledger that points to the metadata of a particular digital item on the web,[1] and is the newest mysterious entity to pop out of the complex world of financial technology. The idea of fungibility, however, and thus, the notion of non-fungibility practically creaks with age. The Roman system of private law distinguished between res fungibiles and res nec fungibiles[2]. Res fungibiles translates to fungible (int ..read more

Tweet “Salvator Mundi” (Latin for “Saviour of the World”) holds the record of being the most expensive piece of art ever sold at a public auction.[1] The portrait, made by the famous Leonardo da Vinci, depicts Jesus in an anachronistic blue Renaissance dress with a sign of a cross on one hand while a crystal ball is held on the other hand. The piece sold for a whopping $450 million to Prince Badr bin Abdullah bin Mohammed bin Farhan Al Saud, the Saudi Minister of Culture. With the rise of digital assets like bitcoin and technologies such as the blockchain, art is no more the forte of a Picasso ..read more