Exclusive Interview with Abhay Aggarwal, Founder and CEO of Colexion - Analytics Insight

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Colexion
The popularity of non-fungible tokens (NFTs) has grown tremendously over the past year, and new NFT-based marketplaces are beginning to appear all over the crypto world. While the details vary from platform to platform, these types of NFT marketplaces will likely become commonplace in the nearest future, providing decentralized and trustless trading that’s limited only by the imagination of their creators. Colexion is a premium NFT marketplace that allows creators and celebrities to create provable unique NFTs to feel more connected with their fans and collectors. Analytics Insight has engaged in an exclusive interview with Abhay Aggarwal, Founder, and CEO of Colexion
 
Colexion is a premium NFT marketplace that allows creators and celebrities to create provable unique NFTs to feel more connected with their fans and collectors. We’ve teamed up with more than 30 global celebrities from the entertainment and sports industries to create rare yet iconic digital collectibles. Colexion aims at fueling the wave of buying and holding NFTs, making them accessible to all looking for long-term gains apart from the increased value and the pride of owning them.
We are catering to the world of Entertainment, Music, arts, and Sports Industry. Colexion has exceptional features such as a personalized virtual museum of celebrities, play-to-earn fantasy Gaming, signed merchandise, and much more.
Our cutting-edge technology enhances the NFT experience of our users through the enhanced user interface and a flexible API anchored in Polygon technology to ensure its integrity and traceability. Colexion envisions catering to the global market through enhanced business models and a robust ecosystem focused on empowering the digital artists in the NFT space.
 
Incepted in the year 2021, Colexion.io is built on a fully digital business model that utilizes Polygon Blockchain technology specifically. The company strives to become the world’s largest marketplace for digital collectibles across major niches, including sports, music, and art.
Headquartered in Dubai, Colexion also has a branch located in India & Singapore. After rigorous research of 15 months, the platform has been curated to become one of the most secure and user-friendly NFT marketplaces where fans will not only have the opportunity to buy the pieces of the characters they admire most, but they are also able to try their chances at stumbling upon verifiably scarce pieces through limited-edition and one-of-a-kind offerings.
The main objective of our platform is to create an exclusive node between fans and celebrities and become one of the largest collectible marketplaces in the world.
 
Colexion has an advantage over its competitors as it will launch one-of-a-kind virtual museums dedicated to each celebrity. Furthermore, Colexion will create short biographies of celebrities depicting their lives. With these features, Colexion will maintain an upright position in the NFT space.
Being a leading NFT marketplace, we stand at the forefront to be a part of the digital revolution that is transforming the way the NFT market operates. We are doing so by introducing the first-ever utility-driven ecosystem into play-to-earn gaming and fantasy sports aimed at boosting the NFT usability.
Colexion is adding the angle of Web3 to the largely primitive Fantasy Sports infrastructure by introducing the concept of the Colexion Token (CLXN) as well as Licensed Player NFTs.  Colexion tokens would be used to participate in tournaments as well as procure/trade/sell/stake NFTs while the NFT cards, themselves, would be used to issue bonuses to the selected players within the user’s leagues to provide a slight edge in the tournament. We are also adding all the elements of Web3 to further make it great (like NFT Staking, DAO, Token Airdrops, etc.) that will ensure a fair and level playing field for our entire community.
 
There are five major categories available at Colexion:
 
This is the first-ever interactive digital museum allowing users to get access to their favorite players and celebrities and explore their NFTs.
The museum will depict a celebrity or players’ life story, their first big break, their hardships and struggles, and finally, how they became successful in their specific industry. Visitors can interact with each other within the museum.
Furthermore, we will take things to the next level while collaborating with VR. Fans will be able to interact with their idol in the museum itself. It will also show all the other fans that are present.
 
This will be the first-ever concept of short movies on any NFT platform. Our production team will take this adventurous ride to create an artistic 3D biography of celebrities dedicated to their lives.
Users can access these movies via a monthly subscription to the Cinema section. Users can watch this movie on the platform. All the highlights of that celebrity’s life will be covered in this short movie.
We will also be putting these in-house produced movies as NFT for people to buy.
 
This is the place where users can buy and trade their favorite NFTs on the platform. There will be sections for all the different categories we have on our platform.
The marketplace is the heart of the platform and is crafted in a way that anyone can easily purchase NFTs directly from here. Users will buy these NFTs using CLXN tokens. However, the option of using FIAT will also be available to all of them.
 
Metaverse, a hyper-real alternative world, is building upon the digital world and iteratively transforming it. However, the new idea of a centralized virtual world can also be defined as a parallel place to the physical world wherein lifelike avatars meet, socialize, play, and work together in a virtually existing real environment.
Colexion will be launching Metaverse and NFT-based online play-to-earn games where players will be able to enjoy a parallel life while making money.
 
Fantasy Sports Platforms need a major rehaul on the experience they provide to their users. Being a leading NFT marketplace we stand at the forefront to be a part of the digital revolution that is transforming the way the NFT market operates. We are doing so by introducing the first-ever utility-driven ecosystem into play-to-earn gaming and fantasy sports aimed at boosting the NFT usability.
 
While NFTs have been around for a couple of years, they witnessed a meteoric rise in 2021. This was mainly driven by celebrities, major brands, and renowned traditional art auction houses entering the space. In 2021, the global NFT trading volume soared to over USD 23 billion.
Although India is behind countries like Japan and the Philippines in NFT adoption, the trend is gaining traction in the country. And, Colexion aims to cater to these rising trends and pave the way for local artists to reach an otherwise inaccessible audience and create avenues for monetization. We are additionally creating a community of digital artists and celebrities to connect with their fans like never before through interactive sessions and celebrity signed merchandise.
 
We make Artist NFTs Unique through:
 
Founder of one of India’s leading NFT marketplace, Abhay Aggarwal is a serial entrepreneur who has mastered the art of excelling in businesses that are completely unrelated to each other. Abhay founded Colexion in the year 2021 to bring the much-awaited revolution in the NFT space that is growing in leaps and bounds. His supervision and counsel have enabled Colexion to become one of the top-notch NFT marketplaces that are fostering the community of digital artists by creating avenues of monetization and making NFTs accessible to all. He has additionally founded ‘World Trade Company’ in the year 2020 and is serving as the Managing Director. Abhay has 12+ years of experience in the mineral processing and mining industry. He also holds extensive experience in trading in India which led him to establish his own company. The entrepreneur’s devotion to reality tech and fintech led him to invest in startups from Asia, Europe, and the Middle East. His persistent efforts and a strong vision have fueled the growth of the company which is constantly evolving towards growth and success.
 
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Praxis

Analytics Insight is an influential platform dedicated to insights, trends, and opinions from the world of data-driven technologies. It monitors developments, recognition, and achievements made by Artificial Intelligence, Big Data and Analytics companies across the globe.

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