More Indians join NFT gold rush; experts warn of legal pitfalls, uncertain future
“In the last 3-4 months, I have invested in a minimum of 4-5 NFTs (non-fungible tokens). One of them being hashtags, #. I blocked a few #s like #car, #fashion and so if anyone uses these tags online, each time I earn something in a cryptocurrency,” said Maeraj Shaikh, a Mumbai-based architect and crypto educator. When he bought these hashtags, it cost him $200. They are now worth $350.
Shaikh also runs a training place for plant art and is now working on his own NFT, with plans to launch his Bonsai artwork. He says that this will help him create awareness and also expand his reach and grow the community.
Ashita Sondhi Chibbar, a freelance brand manager, recently bought her first NFT from Amitabh Bachchan’s collection. Her NFT cost $10 (around
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