AMA Recap Crypto Library with Bolly Heroes

                                        

On 05th October 2021, Bolly Heroes conducted an AMA in the Crypto Library Community. Our guest is Vaishnav. Lots of questions as usual from the Community about Bolly Heroes progress. The Bolly Heroes team took part in a very interesting AMA session which included introductions, questions from twitter, and a live AMA session with the Crypto Library community. If you missed the AMA in person, read this recap for a deeper insight into Bolly Heroes.

Let’s take a look at the most interesting points of our conversation. 

INTRODUCTION
Crypto Library Team : So, before we start the AMA could you please introduce yourself to our community?

Vaishnav (Bolly Heroes) : So I am the CMO, chief marketing officer of Bolly Heroes. The team is led by Ranjit Kumar, who is the CEO of the company and holds massive experience in crypto and blockchain.
FIRST SEGMENT (HOST)
Crypto Library Team : What is Bolly Heroes? and how is the story/reason behind the Bolly Heroes project creation?

Vaishnav (Bolly Heroes) : So in India, Bollywood is just like a religion. People follow their favourite superstars, and they are just like an idol for them. Bolly Heroes is a limited edition NFT collection from a parallel Bollywood Heroes dimension called Bollyverse. The worlds’ first community driven world where your NFTs will be the stars of their own movies, animated series, games and a whole lot more. This parallel new Bollywood world is based on digital NFT’s orchestrated from different eras and carefully selected deep rooted passion for Bollywood in Indian culture.

Crypto Library Team : Why should we choose Bolly Heroes than other projects out there?

Vaishnav (Bolly Heroes) : Our Mission at Bolly Heroes is to bring an NFT project with all the classic features that the major ones have AND back it up with a scaled, real world vision with revenue streams. Having said that, we aim to build an exclusive NFT community that get to decide what movies, tv series, animated series get made. Made by the top professionals and chosen by community. The idea was founded when one of the largest and most prolific NFT investors and crypto veteran fund met one Media and Entertainment funds in Asia in Singapore met, they together already started a celeb NFT platform and decided to launch something epic inspired by LOOT, BAYC, GEMS etc. so NFT coolness meets content making - Your story, your medium, your stars, via your Legend & Hero NFT’s.

Crypto Library Team : Could you tell us about your NFTs in detail? And also how to buy/get your NFTs?

Vaishnav (Bolly Heroes) : There are 3 types of NFT's to start with: 
  1. LEGEND NFT - 250 unique NFTs representing iconic scenes, characters and get ups from 50 years of history of Bollywood movies - the world’s largest film industry. They do not represent any real characters or people but closely resemble all that Bollywood stands for. These NFT’s grant 10% royalties to the holders of this Legend collection, earned on transaction fees, revenue, rewards and incentives within the Bollyverse.
  2. HERO NFT - 10,000 unique programmatically generative NFTs with their own incentive and rewards. Each Hero NFT has different traits & attributes that will be announced closer to the launch.
  3. CELEB NFT - collaboration with real Bollywood artists & Influencers from time to time with rewards, incentives and participation rights for Legend and Hero holders.
Right now, our Public sale is live. You may visit bollyheroes.com and start minting youe Legend NFTs.

Crypto Library Team : Could you give us some information about your roadmap, your milestones, and also your future plans?

Vaishnav (Bolly Heroes) : Roadmap is as following:

October: 
  • Open merchandise store
  • Launch ‘Real’ NFTs in partnership with celebrities & brands
  • Burn and merge functions
  • Collectible auctions with Partners
  • Further partner deal announcements
November: 
  • Burn to choose NFT film & series
  • Rewards & incentives distributed weekly – other partner coins later
  • Animation short competition
Ultra Rare NFT’s Burn - Burn three of your Heroes NFT’s to get Ultra Rare NFTs creating deflationary mechanism as well as a potentially higher value for those new Ultra Rares. With these Ultra Rare’s you will have further rewards and incentives and chances to make your own films & animation series. You will be able to induce your own attributes and traits into your new NFT - that represents what the character that you want.

Bolly Babies: You can combine your NFT’s with other NFT holders to produce a small movie, shows, comics or animation series. Who knows we might end up producing a real life movie or game or memorabilia for your Hero avataars!!! Many exciting things are planned ahead. Revenues produced from transactions or sales of these NFT’s or shows will be also distributed to Legend & Hero holders.

Stories - Be the author of your own Bolly Hero story, and let your Legend or Hero or Real NFT’s become the protagonist of these stories. Stories will be voted on by the community & the best one will be chosen for collaboration with partner studios. Details will be released as per roadmap.
SECOND SEGMENT (TWITTER)
Crypto Library Team : As we know that NFT is trending in the market,can you tell us some of competitive advantages and features of your NFT items? What kind of NFt items are you focusing on?

Vaishnav (Bolly Heroes) : We are not just creating a JPEG but a real project with real partnerships and a very accomplished and experienced team in entertainment, media, crypto. The idea is that we are moving to a multi dimensional world, especially the AR / VR world where digitals and collectibles will have a special space. What differentiates us:
  1. Team - the teams being doing this for years. Like front page, star studded stuff on both blockchain and content.
  2. 1st mover with such a concept
  3. Clear roadmap
  4. Ability to self fund or top up if required
The founder of this project runs a crypto fund in Singapore, is a major NFT investor (apes, lizards, Gems et all), and has built several blochain/defi projects in the past globally. The co-founder runs a $500mm Asian media and entertainment business that makes movies, tv shows, animated series etc.

Crypto Library Team : The story, the medium, the stars, will be from the NFT holders of Legend & Hero in Bolly Heroes. So how is it proceeding? How does it connect with the real world and the dynamic market?

Vaishnav (Bolly Heroes) : Right now, focus is only sales of NFT - Legends and Hero NFTs. And building the community - making an exclusive, creative and rich one. This month onwards will be about more partners, onboarding projects, value creation events for NFT holders, and rest as mentioned in roadmap.

Crypto Library Team : Do you plan to build partnerships with local cryptocurrency developers and local project in each country to make the use of the token more global?

Vaishnav (Bolly Heroes) : Yes, we currently have partnered with Poygon Studios, which is big! Right now, our focus is to get maximum traction. There are many partnerships on global and local developers in coming months.

Crypto Library Team : How do you attract investors to be interested in Your project ? because some investors only focus on short-term prices rather than long term?

Vaishnav (Bolly Heroes) : The ecosystem comprises of NFT holders, platform operators, creative talent and production studios. We take care of the last three, we already have a bunch of NFT holders, and community members - the rest we are going out everyday and educating people and sharing our vision.

Crypto Library Team : A project that wants to run long distances needs a specific and long-term plan. Share with us your strategy and vision for 2021?

Vaishnav (Bolly Heroes) : As discussed, we had already shared the roadmap.
THIRD SEGMENT (LIVE QUESTIONS) 
Crypto Library Team : The crypto industry is a fast-paced industry, how flexible is your Project to change quickly and keep pace with technology trends? What is your long-term vision for the forecasting industry in which the your Project project operates?

Vaishnav (Bolly Heroes) : The founder of this project runs a crypto fund in Singapore, is a major NFT investor (apes, lizards, Gems et all), and has built several blochain/defi projects in the past globally. The co-founder runs a $500mm Asian media and entertainment business that makes movies, tv shows, animated series etc. So funding isn't an issue

Crypto Library Team : Will the NFT be worth a few million dollars soon? Do you plan to add Nft ecosystem to your project?

Vaishnav (Bolly Heroes) : The ecosystem comprises of NFT holders, platform operators, creative talent and production studios. We take care of the last three, we already have a bunch of NFT holders, and community members - the rest we are going out everyday and educating people and sharing our vision. Future innovations: We already have 4-5 things on the map. We also want to hear what the community wants. This projects is about bringing blockchain to the creative world.

Crypto Library Team : While you build your project, do you take into account community feedbacks and demands?While you build your project, do you take into account community feedbacks and demands?

Vaishnav (Bolly Heroes) : Community forms an integral part of the process. We take continuous feedback, test our product with beta and alpha release in order to keep things transparent.

Crypto Library Team : I love the mission and vision that your project has as BollyHeroes is really original but you need to have a considerable user traffic for your project to be sustainable over time. So, can you give more details about the marketing strategies you will implement in order to get this huge user traffic? Do you have any partnership to help you with this user traffic?

Vaishnav (Bolly Heroes) : We had recently partnered with Polygon Studios. Besides, we are looking forward to strategic partnerships. Follow us on our channels for regular updates:
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