New Delhi [India]Nov 28 (ANI/PNN): FanTiger, India’s first music NFT platform, today achieved a unique feat by registering record sales of more than 50,000 NFT transactions in the last 30 days, reaching the 5 best NFT projects in the world compared to the best NFT projects listed and ranked on OpenSea, the largest NFT marketplace globally.
Accomplishing this milestone, FanTiger topped the recent run of new music NFT launches across various genres in the past quarter. FanTiger empowers independent artists to build their fan community on the platform, and fans support the artists to launch new music by purchasing music NFTs. The active participation of artists and fans across social platforms and communities helps build interesting insights, enabling further creation of music as desired by fans. NFT gated music concerts have supplemented the acceptance of music NFTs and expanded the fan base.
FanTiger’s achievement is a reflection of the rise in popularity of Music NFTs in India. This also underscores the deeper bond between artists, fans and investors, especially at a time when digital collectibles are gaining popularity among early adopters in a music-loving nation.
Prashan Agarwal, CEO & Co-Founder, FanTiger, said, “It is encouraging to see how FanTiger is leading the change to empower independent artists and build the music NFT ecosystem in India. We have been working at the bottom of the pyramid and are laying a strong foundation to ensure that a stable, transparent and value-driven platform is built.It is assessed and designed to address all stakeholders — artists, fans, investors, etc. We are happy to see that we are among the top five NFT projects globally and soon we will exceed all expectations of our customers and investors.”
Music NFTs enable fans and investors to purchase partial ownership of songs, share royalty income, gain access to an exclusive community and signed limited edition merchandise, along with an opportunity for personal interaction with artists and much more.
FanTiger’s vision is to integrate 10 million fans into the community and educate and create awareness around digital collectibles. It will also roll out initiatives aimed at supercharging the careers of over 100,000 artists using NFTs.
FanTiger.com is a music NFT marketplace working to create a decentralized community for artists and their fans by providing a platform to create, buy and sell digital collectibles. FanTiger has raised USD 5.5 million in a seed round led by Multicoin Capital. Founded by Prashan Agarwal, former CEO of Gaana and co-founder of PropTiger, and Krishna Singh, FanTiger empowers independent artists to build fan communities on the platform and enable fans to shape their careers using music NFTs .
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