A collection of art honoring the ongoing Olympic games and silver medallist Mirabai Chanu has been released by India’s first non-fungible token (NFT) platform.
Various artists have released a collection of digital art, including recent silver medalist Mirabai Chanu. At the 2020 Summer Olympics in Tokyo, Chanu, an Indian weightlifter, finished second in her class. She is the sixth Indian female athlete to win a medal at the Olympics since 1900.
Creators on WazirX have created a slew of NFTs and GIFs to commemorate Chanu’s historic achievement. Satish Acharya, a well-known cartoonist, created the most noteworthy of these. “Mirabai Chanu, who managed to accomplish her ambition of winning an Olympic medal at Tokyo 2020, was also fulfilling the dreams of a billion people,” the listing adds. The NFT is a GIF depicting Chanu hoisting a bar above her head with characters indicating India’s population.
A few hours after being listed, the sculpture sold for 300 WRX ($332.10). While that price may appear low in comparison to the millions of dollars paid for other NFTs, keep in mind that India’s average annual income is less than $4,000. “Mirabai Chanu,” a piece by digital artist Monika Paul, sold for roughly 58 WRX.
According to Vishakha Singh, Vice President of WazirX NFT Marketplace,
“Sports activities came to a halt for much of 2020 due to the pandemic. Nonetheless, the Olympics this year have brought joy not only to sports lovers but also to our nation as a whole. Ladies athletes are already generating news with their victories less than a week into the event. Artists have created NFTs to celebrate and salute these athletes, which are currently available on our platform.”
Other NFTs for the Tokyo Olympics
At the Olympics, India and WazirX aren’t the only ones playing the NFT game. Team Great Britain became the first Olympic team to develop an NFT collection last week, according to BeInCrypto.
Team GB struck a partnership with commerce provider Tokns, which will last until the 2022 Winter Games, together with designer Ben Sherman. Tokns will provide fans new ways to interact with their favorite sportsmen and with one another. The first NFTs will be produced in honor of Max Whitlock, who won two gold medals at the 2016 Rio Olympics.