Mumbai: Viacom18’s youth, music and English entertainment (YME) cluster is all geared up to set its foot in the rapidly growing digital space of non-fungible tokens (NFTs) with the announcement of Fullyfaltoonft.com. The NFT marketplace, set up by GuardianLink.io - a pioneer and innovator of NFT Technologies, will go live globally on 14 February.
NFT, essentially blockchain-certified digital art, has been gaining popularity among brands, artists, and celebrities both in India and globally. Viacom18’s Fully Faltoo NFTs will offer ‘fully valuable’ digital art conceptualised and created by the team that brings to life brands like MTV, Vh1 and Comedy Central in India.
This initiative will also mark the extension of the Fully Faltoo franchise that went on from being a show on MTV and a brand solutions studio, to now an NFT marketplace, that will launch its diverse range of digital collectibles. Giving fans the opportunity to claim ownership over edgy and unique digital art pieces, the exclusive collectibles will also have creations inspired from iconic pop culture properties like "Roadies" and "Bakra," that will be up for auction across the globe, said the statement.
Speaking on the introduction of Viacom18’s maiden NFT offering, Vicaom18 head for YME Anshul Ailawadi said, “The global media and entertainment industry has recognised the power of NFTs. As one of the world’s largest media markets, India is uniquely positioned to be at the focal point of this Web3 revolution.”
“The brands that make our YME portfolio - MTV, MTV Beats, Vh1, Comedy Central and Colors Infinity, have always stayed ahead of the curve when it comes to emerging trends and pop culture. Our entry in the NFT space with Fully Faltoo is another step in the same direction. We look forward to building FullyFaltoonft.com as the go-to destination for must-have digital art,” he added.
With industry-standard security layers enabled, the NFTs can be bought at a set auction price. Users will have to register on the platform to be able to make a purchase through the use of a custodian wallet. The security layers set up by GuardianLink.io are to ensure the security of minting, transferring and storing NFTs.
“As a technology framework ecosystem, Guardian has always been on the forefront of the race to build and operate some of the largest marketplaces and most advanced creative NFTs in the space," remarked GuardianLink.io co-founder and CEO Ramkumar Subramaniam. "With its foundation in creative media, Guardian has led the race in terms of designing high impact creative NFTs protected by our Anti.RIP technology and legitimacy protocol.”
The cluster will roll out an elaborate integrated marketing plan that will leverage Viacom18’s presence on digital and linear TV to create awareness about FullyFaltooNFT.com. The Fully Faltoo campaign will also aim at educating consumers about non-fungible tokens and digital collectibles while attracting them to bid on the platform.
