New Delhi/Chandigarh [India]Aug 20 (ANI/PNN): FanTiger, India’s first dedicated music NFT marketplace, today launched India’s first indie rock music NFT, ‘Nusrat’ by popular Chandigarh-based band, ‘Naalayak’.
The group is led by singer and songwriter Sahil Samuel. This is the second Music NFT from (ww.FanTiger.com). The first NFT music, ‘9-9 Mashukan’ by Sunanda Sharma, was released by FanTiger in late July 2022.
As of now, ‘Naalayak’ has opened the sale of NFT’s upcoming song ‘Nusrat’. Fans can now invest in India’s first Indie Rock music NFT which will have 3 tiers – Platinum, Gold and Silver and earn royalty income along with privileges money can’t buy. The song “Nusrat” is set to go live on Wednesday, August 24, 2022 on various social platforms and music streaming apps.
The song ‘Nusrat’ can be defined by the two words – ‘Nusrat’ meaning ‘to ask’ and ‘Furqat’ meaning ‘freedom’. It therefore expresses the pursuit of liberation from the lingering past when one has already evolved, but the past constantly comes back to disturb. That is why, to mislead the disturbing pasts, we try to ridicule them so that they can live in peace.
Commenting on the occasion, Prashan Agarwal, CEO and Co-Founder of FanTiger said, “We are excited to launch India’s first indie rock music NFT and FanTiger’s second NFT. in various genres, thereby benefiting India’s artists and helping the art to grow.The launch paves the way for artists to engage with FanTiger and create their own digital collectibles and connect with the fans more engagingly than one.
“We express our gratitude to all music fans and the Web 3.0 community who embraced and made our first NFT Music such a success. In my opinion, technology is an irrevocable part of the music industry, and those working in the space have always been post-Covid, artists, especially independent musicians, have been more than eager to find other sources of income, and music NFTs have filled the gap perfectly,” he added.
At the launch of their first Music NFT, Sahil Samuel, the singer and songwriter of Naalayak, said, “I’m excited and worried about the vast possibilities that the world of NFTs offers to artists and art in general. Artists are all about their fans. I’m confident that musical NFTs will revolutionize the way musicians and fans create community and art together. It’s a concept of sharing and growing at the same time. our fans will help us grow, and at the same time The popularity of the song over time will benefit our fans. It’s a change the industry is going to witness over time.”
The concept of Music NFTs allows fans and investors to buy partial ownership of the song, share royalty revenue, access an exclusive community and limited-edition signed merchandise, and personally interact with the artist.
FanTiger recently received a $5.5 million seed round led by Multicoin Capital. The company plans to use the funds raised to grow its team in product, technology, expand industry partnerships, and onboard more well-known and aspiring Indian artists.
FanTiger’s vision is to onboard 10 million fans into the community and spread education and awareness around digital collectibles. It will also roll out initiatives to boost the careers of more than 100,000 artists using NFTs.
FanTiger.com is an NFT music 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 $5.5 million in a funding round led by Multicoin Capital.
Founded by Prashan Agarwal, ex-CEO of Gaana and co-founder of PropTiger, and Krishna Singh, FanTiger enables independent artists to build fan communities on the platform and allow fans to help shape their careers using NFTs musical.
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