Dubai, September 3, 2021 — Zee Studios has announced that it is teaming up with SaaS NFT marketplace provider NFTically in order to release its very first NFT, and it has chosen to do so on the Polygon PoS. Zee Studios is a popular film studio and household name in India, and it is known for distributing films across genres, budgets and languages. This sets the stage for the entertainment industry in India to follow suit, opening up an exciting new market for companies and consumers alike.
Zee Studios was established in 2012 and is a subsidiary of the Essel Group. It has released many films and is well known in the Indian entertainment industry. However this marks the first time that the company is leveraging blockchain technology to offer its fans a one of a kind NFT in the form of a signed poster from one of its films. Being promoted is “Suraj Pe Mangal Bhari,” a film about a wedding detective, and the NFT is available now through the “Zee Studios Collection,” all powered by NFTically.
NFTically is a group of blockchain developers and business executives who are looking to solve real-world problems on broader scales. They operate as a global B2B SaaS to enable celebrities, influencers and enterprises to launch their own NFT Marketplaces, even without any technical knowledge. Customers can control the various aspects of their NFT storefront, such as visual style, collected analytics, supported APIs, specific policies and much more.
Toshendra Sharma, CEO and Founder of NFTically said: “Our mission is to revolutionise the NFT space by making it accessible to everyone – celebrities, influencers, artists, and enterprises. With a clear focus on increasing awareness and education on NFTs as well as creating an easy-to-use platform for the masses, we aim to connect people with their favourite collectibles, artists, and objects. The NFT market, both in India and abroad, is soaring to new heights every day. Given our deep, long standing relationship with art, culture, and emotion, India has the potential to be the epicentre of the NFT uprising. We are excited to work closely with the Zee Studios team in launching their first-ever NFTs.”
By utilizing the fast, economical and secure Polygon PoS blockchain to host this NFT, Zee Studios is ensuring the best user experience. This is because Polygon PoS offers more than 300 gaming and NFT dapps, six times more than any other chain outside of Ethereum. Furthermore, Polygon is already compatible with the vast majority of today’s blockchain-based web 3.0 games and NFT platforms, such as Decentraland, Opensea, and The Sandbox making it highly composable with each of the DApps. Polygon’s success has made it a logical choice for such an ambitious launch.
Working with NFTically and building on Polygon PoS allows Zee Studios to be a true trailblazer in the realm of Indian entertainment. It offers a chance for both exciting and unique paraphernalia to be provided to fans of their work, opening a new and potentially lucrative revenue stream for the company. While Zee has only put forth one offering so far, more are likely to come.
As Shariq Patel, CBO, Zee Studios said: “It is a defining moment for us to become the first film studio in India to launch NFTs and this initiative ties in with our future plans. Zee Studios will provide NFTs for cinema lovers and collectors through its repository of a strong lineup of film content.”
Sandeep Nailwal, Co-founder of Polygon, said: “We’re delighted for Zee Studios to choose Polygon PoS to release its very first NFT. This is another great example of how the biggest players are integrating Polygon’s fast, easy, economical, and accessible technology. Zee Studios is one of the most prominent film studios and household names in India, and we look forward to working together.”