FanTiger Launches Tamil Music NFT ‘Ammadi’
FanTiger, India’s first dedicated music NFT marketplace, launched its first Tamil music NFT ‘Ammadi’ featuring acclaimed Indian music composer and singer Pravin Mani on Friday.
After the successful launch of music NFTs Punjabi and Hindi, FanTiger debuted in the Tamil music industry through the song ‘Ammadi’ – a foot-tapping dance number featuring actor-choreographer Sandy Master and actress Ananya Raj which is set to create yet another hook step for music lovers, FanTiger said.
NFT (Non-fungible token) is a unique cryptographic token that is registered on the blockchain. They can be attached to digital or physical assets to provide the token holder with proof of ownership.
”Ammadi is a light-hearted, fun, urban atmospheric number that enumerates the feelings of an ordinary, happy-go-lucky guy towards his overwhelmingly beautiful lady love,” said FanTiger, which empowers independent artists to build fan communities and enables fans to play a role to increase the growth of artists by purchasing NFTs for music and helping them capture more value from their work.
FanTiger (www.FanTiger.com) who opened the purchase window of ‘Ammadi’ stated that the song is an expression of love. “With this, fans can now invest in ‘Ammadi’ music NFT streaming live across various social platforms and music streaming apps,” the platform said in a release.
Fans could earn royalty income along with non-buyable money like interaction with Pravin, access to NFT holders’ channel, online listening party and much more, it said.
‘Ammadi’ music NFT is based on dynamic pricing, an innovative feature introduced by FanTiger. Under this concept, the price of NFT grows several times with the increase in demand and popularity of the song. The increase in the price of NFT directly affects the royalty income of fans and investors.
Prashan Agarwal, CEO & Co-Founder, FanTiger, said at the launch of its first Tamil music NFT, ”Tamil is now the third Indian language added to the FanTiger platform and we are committed to building strong connection with music fans nationally and globally . bringing fans even closer to their favorite artists.” As we continue to add singers and different genres of music on FanTiger, we are getting one step closer to Indian artists and helping their music grow. We are proud to pave the way for artists to engage with fans through digital collectibles (NFTs) in a more meaningful way,” he said.
”Music is ubiquitous and agnostic to any specific geography, which means it reaches the hearts of fans right from the first beat. Music 3.0 is the future and FanTiger is a unique platform that helps artists like me collaborate with fans and create music in a much more meaningful way. This is just the beginning and I am sure FanTiger will help build a strong culture of independent Indian music waiting to blossom and flourish globally,” said Mani.
FanTiger broke 50,000 music NFT transactions in November to be in the top five and the only music NFT marketplace compared to the top NFT projects listed and ranked on OpenSea, the largest NFT marketplace globally. Its vision is to integrate 10 million fans into the community and educate and create awareness about digital collectibles besides aiming to supercharge the careers of over 1 lakh artists using NFTs.
(This story has not been edited by Devdiscourse staff and is automatically generated from a syndicated feed.)
