NEW DELHI- – (BUSINESS WIRE)- – May 26, 2022- –
ArtistFirst Technology Inc, which runs music NFT commercial center FanTiger, said it has brought $5.5 million up in a seed round drove by Multicoin Capital. The round saw investment from Krafton, Pravega, GAMA, Woodstock, IOSG, Polygon Studios, Sandeep Nailwal (Co-organizer Polygon), Gokul Rajaram, Prashant Malik and Miten Sampat.
Founded by Prashan Agarwal, ex-CEO of Gaana, and Krishna Singh, FanTiger enables Independent Artists to assemble fan networks on the stage to assist with forming their vocation utilizing music NFTs. Fans can purchase music NFTs to gain admittance to a restrictive Artist people group, procure prizes and extraordinary honors like selective substance, meet-n-welcome open doors, behind the stage access, and so on. Specialists can involve the returns from the offer of music NFTs for tune creation, creation, video and furthermore can commit up to a specific level of the eminence from the melody to the fan local area for showcasing the song.
Prashan Agarwal, CEO and Co-organizer, said, “ The business of music should be to serve the best interests of Artists. With the advent of blockchain, music NFTs have the ability to disrupt the music industry, much like music streaming transformed music listening. FanTiger is at the forefront of this revolution to redefine the music industry by creating Artist-Fan relationships as has never existed before to give birth to a new era for Music. Our vision is to onboard 10 million users to our platform to own digital collectibles and supercharge the career of 100k artists. ”
Kyle Samani, Partner, Multicoin, added, “ The FanTiger platform is uniquely positioned to grow the digital collectibles ownership in the music industry. We are excited to partner with Prashan, who brings vast experience of building the largest music streaming platform in India, to disrupt the music industry once again.”
Ahead of FanTiger’s true send off, the organization has opened an Early Access program for music fans on www.fantiger.com. The early access shortlist allows its most anxious fans an opportunity to get selective advantages like need admittance to music NFTs, OG title, restricted version stock, and so forth, and a stunning 5,000 free NFTs.
Prashan, a former student of IIT Kanpur and ISB Hyderabad, was most as of late the CEO of Gaana, India’s biggest music web-based feature. Krishna Singh is a Computer Science Engineer from IIT Kanpur and brings 17+ long periods of involvement heading innovation for different organizations.
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PUB: 05/26/2022 12:11 PM/Disk: 05/26/2022 12:11 PM
Copyright Business Wire 2022.
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