Ranveer Singh, Deepika Padukone starrer 83 movie to launch its NFT collection this week

Over the last few weeks, we have seen many Bollywood actors entering the non-fungible token (NFT) race. The newest addition is Ranveer Singh’s 83 movie, which is set to release on December 23. Director and Producer Kabir Khan has announced to launch of the film’s digital collectibles or NFTs beginning December 23.

Speaking to IANS Khan said, “we are delighted to venture into this exciting arena of digital possibilities to provide Bollywood and cricket fans the opportunity to benefit from the movie’s box-office success in a manner never done before.”

It has been revealed that the “83″ collectibles will include — autographed physical cricket memorabilia, video scenes, animated digital avatars, and unseen posters and images. The report suggests that producers have partnered with NFT Labs and Social Swag, which is an influencer-led fan engagement platform, to launch the exclusive release of 83’s NFTs collectibles.

NFT and Bollywood superstars

If you are wondering what NFT is, it basically allows creators to develop unique digital artworks of any form and sell directly to fans and collectors via Blockchain technology.

Bollywood stars like Amitabh Bachchan, Salman Khan, Sunny Leone, among others have already announced their entrance to the NFT world. While Salman Khan announced the launch of the NFT collection, Bachchan launched NFTs including his autographed vintage posters and a recital of his father’s poem Madhushala, which were sold for around Rs 7.18 crore. Additionally, fashion designer Manish Malhotra also sold NFT series of 5 digital sketches for roughly around Rs 2.8 lakh.

Announcing his NFT collection, Khan said in an Instagram post, “Aa raha hoon main, NFTs leke (I am coming with NFTs). Salman Khan Static NFTs coming on @bollycoin. Stay tuned, bhai log! https://ift.tt/3lHSxqg #NFTs #ComingSoon.” Read more about Salman Khan’s NFT collection here.

Khan announced to launch his NFT collection with BollyCoin, which is a dedicated Bollywood-themed NFT platform developed by filmmaker-actor Atul Agnihotri. The platform allows investing in clips and stills from films, iconic dialogues, posters, unseen footage, social media content and merchandise from film personalities. As per bollycoin.com, the platform has partnered with production houses such as Salman Khan Films, Arbaaz Khan Productions, Sohail Khan Productions, and Reel Life Productions.

The post Ranveer Singh, Deepika Padukone starrer 83 movie to launch its NFT collection this week appeared first on BGR India.

How chip shortage is forcing the world’s biggest automobile company to shut factories

After the end of the second phase of the coronavirus crisis, the demand for cars in the country is increasing continuously. But due to the shortage of semiconductors, the companies cannot react to the expected target.

Toyota, one of the biggest vehicle manufacturers globally, is also affected by the chip shortage. The global chip shortage has earlier forced to stall Toyota’s 27 production lines in 14 factories worldwide in September. The auto manufacturer giant has now extended stoppages at some factories in Japan due to a supply shortage. The company claims that the halts on production will directly affect about 14,000 vehicles in December.

Earlier, the company said that it hopes to return to average production for the first time in seven months in December. But the production at the factories was halted, and the suspension is expected to continue for now. The company claimed to lose 3,500 vehicles due to the chip shortage. In addition, it will keep its target to produce 9 million vehicles worldwide during the financial year ending on March 31.

The production cuts which have affected the Lexus models and its Land Cruiser are still trying to make up for the production lost due to the supply-chain disruptions in Malaysia and Vietnam.

To recall, the Japanese automaker revealed that it produced 627,452 vehicles in October, down from 845,107 units a year earlier. Toyota said last month that it would cut global production for a third time this year as the worldwide shortage of automotive microchips continues to bite.

According to the automobile industry body SIAM, deliveries of small cars and sedans stood at 64,235 units in September. It has been 61% weaker than 1.6 lakh units in September last year. If we talk about SUV and UV, their wholesale sales have fallen by 9% to 87,720 units compared to 96,633 units in September last year.

The post How chip shortage is forcing the world’s biggest automobile company to shut factories appeared first on BGR India.

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