India’s first music NFT platform crosses 50,000 transactions, in top five NFT projects globally
NEW DELHI, November 30, 2022–(BUSINESS WIRE)–FanTiger, India’s first music NFT platform, achieved a unique feat by registering record sales of over 50,000 NFT transactions in the last 30 days, making it the top 5 NFT projects in the world compared to Top NFT projects listed and ranked on OpenSea, the largest NFT marketplace globally.
FanTiger achieved this milestone by riding the peak of the recent launch of new music NFTs across various genres in the last quarter. FanTiger empowers independent artists to build their fan community on the platform, and fans support the artists to launch new music by purchasing NFTs for music. 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 and 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 worked at the bottom of the pyramid and laid a strong foundation to ensure a stable, transparent and value-driven platform is being built. It is evaluated 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 limited edition signed merchandise, along with an opportunity for personal interaction with artists and more.
FanTiger’s vision is to integrate 10 million fans into the community and educate and create awareness around digital collectibles. Furthermore, it aims to supercharge the careers of over 100,000 artists using NFTs.
See the source version at businesswire.com: https://www.businesswire.com/news/home/20221130005640/en/
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