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Manish Malhotra’s Fashion NFT Collection Sold Out in 2 Minutes, Says WazirX

Designer Manish Malhotra Drops First Fashion NFT Collection, Records Fastest Sale

Indian fashion designer Manish Malhotra forayed into the crypto world with his first ever collection of non-fungible tokens (NFTs) — unique digital items that can be bought using cryptocurrencies. Earlier this week, the 54-year-old Bollywood designer launched five exclusive fashion-themed NFTs. Malhotra’s NFT collection had the sketches and GIFs of five couture pieces, worn by famous models and actresses like Lisa Ray, Deepika Padukone, Kareena Kapoor Khan, and Alia Bhatt.

The auctioning was done in WRX—which is the native token of WazirX based on the Binance blockchain.

Out of the five NFTs, a custom-made constellation sketch for Kareena called the “Illuminous Showstopper” emerged as the highest selling piece. NFT creator and collector Mike Blue purchased the NFT for a whopping 3,000 WRX that, as of today, amounts to $3,753 (roughly Rs. 2.8 lakhs). This sale was made within 12 seconds of the collection being dropped, WazirX claimed.

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